Form 4: Garmin Director Jonathan Burrell Reports Share Transactions
SEC Form 4
Director Jonathan Burrell reports multiple transactions involving Garmin Ltd. shares, including acquisitions, disposals, and transfers related to trusts and GRATs.
Summary
- On March 13, 2024, Jonathan Burrell, a director of Garmin Ltd., reported several transactions involving the company's registered shares.
- These transactions included acquisitions and disposals of shares through gifts and sales.
- Burrell also reported holdings through various trusts, including GRATs, CLATs, and LLCs.
- Sales of 45,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted on December 1, 2023.
- The reported sales prices ranged from $145.81 to $149.06 per share.
- Burrell disclaims beneficial ownership of shares held by trusts, except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share transactions. It doesn't convey strong positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance.
Key Dates
| Date | Description |
|---|---|
| 2023-12-01 | Rule 10b5-1 trading plan adopted |
| 2024-03-13 | Earliest transaction date |
| 2024-03-13 | Share transactions reported |
| 2024-03-14 | Share transactions reported |
| 2024-03-15 | Share transactions reported |
| 2024-06-09 | RSUs vest as to 1,501 shares |
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