SCHEDULE: Jonathan Burrell Discloses 5.07% Beneficial Stake in Garmin Ltd.
Beneficial Ownership Report
Jonathan Burrell has filed an amendment to his Schedule 13G, reporting a beneficial ownership of 5.07% of Garmin Ltd.'s Registered Shares as of June 30, 2025.
Summary
- Jonathan Burrell beneficially owns an aggregate of 9,770,665 Registered Shares of Garmin Ltd.
- This ownership represents 5.07% of the class of securities.
- Burrell holds sole voting and dispositive power over 7,571,564 shares.
- Burrell shares voting and dispositive power over 2,199,101 shares.
- A significant portion, 4,405,150 shares, are held in several Grantor Retained Annuity Trusts (GRATs) established by Burrell's mother, over which he has sole voting and dispositive power.
- 816,902 shares are held by The Judith M. Burrell Revocable Trust, where Burrell shares voting and dispositive power with his mother, Judith M. Burrell.
- 2,229,643 shares are held in Burrell's personal revocable trust, with sole voting and dispositive power.
- 1,382,199 shares are held in a GRAT remainder trust for Burrell's benefit, with shared voting and dispositive power with a third-party co-trustee.
- 394,478 shares are held in limited liability companies wholly-owned by a GRAT remainder trust for Burrell's benefit, with sole voting and dispositive power.
- 533,800 shares are held in several GRATs established by Burrell, with sole voting and dispositive power.
- 8,493 shares are owned directly by Burrell, potentially including vested or soon-to-vest Restricted Stock Units (RSUs) from the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing no positive or negative performance indicators or strategic updates.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant beneficial ownership stake in the company.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which requires filing of this statement |
| 07/14/2025 | Date of filing |
Keywords
Garmin Ltd., Jonathan Burrell, Beneficial Ownership, Schedule 13G, Equity Stake, GRATs, Trusts, Registered Shares
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