Jonathan Burrell - 06 Jun 2025 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
Director
Signature
/s/Jonathan Burrell
Issuer symbol
GRMN
Transactions as of
06 Jun 2025
Net transactions value
-$56,634
Form type
4
Filing time
09 Jun 2025, 15:43:19 UTC
Previous filing
29 May 2025
Next filing
16 Jun 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BURRELL JONATHAN Director 6300 WEST 143RD STREET, OVERLAND PARK /s/Jonathan Burrell 09 Jun 2025 0001134084

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Award $0 +858 +9.8% $0.000000 9,624 06 Jun 2025 Direct F1, F2
transaction GRMN Registered Shares Tax liability $56,634 -273 -2.8% $207.45 9,351 07 Jun 2025 Direct F3, F4
transaction GRMN Registered Shares Gift $0 -508,902 -8.2% $0.000000 5,725,248 09 Jun 2025 By GRATs F6
transaction GRMN Registered Shares Gift $0 +508,902 $0.000000 508,902 09 Jun 2025 By trust F9
holding GRMN Registered Shares 533,800 06 Jun 2025 By GRATs F5
holding GRMN Registered Shares 394,478 06 Jun 2025 By LLCs F7
holding GRMN Registered Shares 1,044,833 06 Jun 2025 By trust F8
holding GRMN Registered Shares 2,229,643 06 Jun 2025 By trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan. The award vests on June 6, 2026.
F2 Includes the 858 unvested shares acquired pursuant to the grant of restricted stock unit award described in Footnote 1 and 1,090 unvested shares acquired pursuant to a previously granted restricted stock unit award.
F3 1,090 shares that were acquired pursuant to an award of restricted stock units on June 7, 2024 and were released to the reporting person. Of these 1,090 shares, 273 shares were withheld to pay a resulting tax liability.
F4 Includes the 858 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1.
F5 The reporting person is a co-trustee of multiple grantor retained annuity trusts (GRATs) established by him, and his children hold the remainder interests therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F6 The reporting person is a co-trustee of several grantor retained annuity trusts (GRATs) established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F7 The reporting person is the manager of several limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit.
F8 The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.
F9 The reporting person is a co-trustee of his mother's revocable trust and is his mother's attorney in fact and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.