Form 4: Garmin Director Jonathan Burrell Reports Stock Transfers via GRATs and Trusts

Director Jonathan Burrell reports transactions involving Garmin Ltd. shares through grantor retained annuity trusts (GRATs), limited liability companies (LLCs), and trusts, indicating changes in beneficial ownership.

Summary

• On May 7, 2025, Jonathan Burrell, a director of Garmin Ltd., reported transactions involving the company's registered shares.
• These transactions include acquisitions and dispositions of shares through various grantor retained annuity trusts (GRATs) and trusts.
• Burrell acquired 250,000 shares and 256,000 shares through GRATs at a price of $0 per share.
• He also disposed of 256,000 shares and 250,000 shares from trusts at $0 per share.
• Following these transactions, Burrell's beneficial ownership includes shares held directly and indirectly through GRATs, LLCs, and trusts.
• Burrell disclaims beneficial ownership of shares held through GRATs and trusts except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider and provides transparency to the market regarding the director's holdings.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It assures stakeholders that transactions are being reported in compliance with regulations.

Key Dates

Keywords

Form 4, Beneficial Ownership, GRMN, Garmin Ltd, Jonathan Burrell, Director, GRAT, Trust, Shares