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

Director Jonathan Burrell reports transactions involving Garmin Ltd. shares through various trusts, disclaiming beneficial ownership except for pecuniary interests.

Summary

• On March 10, 2025, Jonathan Burrell, a director of Garmin Ltd., reported transactions involving the transfer of Registered Shares.
• These transactions involved the disposition of 23,000 shares and the acquisition of 23,000 shares, both at a price of $0.
• The shares are held indirectly through various trusts, including Grantor Retained Annuity Trusts (GRATs), Charitable Lead Annuity Trusts (CLATs), Limited Liability Companies (LLCs), and other trusts.
• Burrell disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
• Following the reported transactions, Burrell beneficially owns 8,766 shares directly and 8,563,194 shares indirectly through these entities.

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 doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in ownership, but the director disclaims beneficial ownership except for pecuniary interest.

Key Dates