Form 4: Garmin Director Jonathan Burrell Reports Share Transactions

Garmin director Jonathan Burrell reported multiple transactions involving the acquisition and disposal of registered shares, primarily through trusts and grantor retained annuity trusts (GRATs).

Summary

• Jonathan Burrell, a director at Garmin Ltd, has reported several transactions involving the company's registered shares.
• These transactions occurred on November 27, 2024, and involve both the acquisition and disposal of shares.
• The transactions include the acquisition of 11,300 shares at $0 price and 907,850 shares at $0 price.
• The transactions also include the disposal of 11,300 shares at $0 price and 907,850 shares at $0 price.
• These transactions are primarily related to shares held through various trusts, including grantor retained annuity trusts (GRATs), charitable lead annuity trusts (CLATs), and limited liability companies (LLCs).
• Burrell disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest in the trusts and entities.
• The report also includes details of unvested restricted stock units (RSUs) that will vest on June 7, 2025.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing share transactions by a director. It does not contain any information that would indicate positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for company insiders reporting changes in their beneficial ownership of company stock. It is a common practice for directors to manage their holdings through trusts and other entities.

Comparison to Industry Standards

• SEC Form 4 filings are a standard requirement for all publicly traded companies in the United States.
• The use of GRATs, CLATs, and LLCs for managing personal holdings is a common practice among corporate executives and directors.
• The transactions reported are typical for directors managing their personal finances and do not indicate any unusual activity compared to other companies.

Stakeholder Impact

• The transactions reported are not expected to have a significant impact on stakeholders as they are related to the personal financial management of a director.

Key Dates

Keywords

Garmin, Share Transactions, Director, Jonathan Burrell, GRAT, CLAT, LLC, Beneficial Ownership, Restricted Stock Units, SEC Form 4