Form 4: Garmin Director Jonathan Burrell Reports Share Transfers and Disposals

Director Jonathan Burrell reports transactions involving Garmin Ltd. shares, including transfers between trusts and disposals.

Summary

• On September 10, 2024, Jonathan Burrell's revocable trust withdrew 16,500 Registered Shares from a grantor annuity trust (GRAT), contributing assets of equal value in exchange.
• This transfer resulted in a decrease of 15,000 shares beneficially owned through GRATs and a corresponding increase of 15,000 shares owned through the revocable trust.
• Burrell also reported the disposal of 10,000 Registered Shares on September 11, 2024, at a price of $0.
• Following these transactions, Burrell directly owns 8,766 Registered Shares and indirectly owns millions of shares through various trusts and LLCs.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing share transactions. It doesn't inherently convey positive or negative sentiment, but rather reports factual changes in ownership.

Negatives

• Jonathan Burrell disposed of 10,000 Registered Shares on September 11, 2024.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions can provide insights into management's perspective on the company's value, but should be viewed in the context of the individual's overall holdings and financial planning.

Stakeholder Impact

• Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
• The transactions themselves are unlikely to have a significant impact on the company's operations or financial performance.

Key Dates