Form 4: Garmin Director Jonathan Burrell Reports Gift Transactions and Beneficial Ownership Changes

Director Jonathan Burrell reports gifting transactions and adjustments to beneficial ownership of Garmin Ltd. shares, including holdings through trusts and LLCs.

Summary

• On August 14, 2024, Jonathan Burrell, a director of Garmin Ltd., reported changes in his beneficial ownership of the company's registered shares.
• Burrell gifted 131,600 registered shares and acquired 131,600 registered shares through transactions coded as 'G' with a price of $0.
• Following these transactions, Burrell directly owns 8,766 registered shares and indirectly owns a significant number of shares through various trusts and LLCs.
• These include holdings through grantor retained annuity trusts (GRATs), charitable lead annuity trusts (CLATs), and limited liability companies (LLCs).
• Burrell disclaims beneficial ownership of shares held by these entities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting transactions without expressing any particular sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and holdings, providing transparency to investors regarding the ownership structure of Garmin Ltd.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions and ownership.

Key Dates