Form 4: Garmin Director Jonathan Burrell Reports Significant Share Transfers and Holdings

Director Jonathan Burrell reports multiple transactions involving Garmin shares, including transfers to and from trusts and GRATs, while disclaiming beneficial ownership except to the extent of his pecuniary interest.

Summary

• On March 14 and 17, 2025, Jonathan Burrell, a director of Garmin Ltd., reported several transactions involving the company's registered shares.
• These transactions include acquisitions and disposals of shares through various trusts, 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 these entities.
• Following these transactions, Burrell directly owns 8,766 registered shares and indirectly owns millions of shares through various trusts and entities.
• The reported transactions involve both the acquisition and disposal of shares at a price of $0, indicating transfers or gifts rather than market transactions.
• Burrell also holds unvested restricted stock units (RSUs) that will vest on June 7, 2025, representing 1,090 shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider and doesn't necessarily reflect broader industry trends.

Key Dates