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GARMIN LTD — Director's Dealing 2022
Mar 2, 2022
30027_dirs_2022-03-02_7db686fb-6b84-4223-afc5-a16244c3f5da.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2022-02-28
Reporting Person: BURRELL JONATHAN (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-28 | Registered Shares | G | 398200 | — | Acquired | 489351 | Indirect |
| 2022-03-01 | Registered Shares | G | 819996 | — | Acquired | 1309347 | Indirect |
| 2022-02-28 | Registered Shares | G | 398200 | — | Disposed | 10212800 | Indirect |
| 2022-03-01 | Registered Shares | G | 819996 | — | Disposed | 9392804 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 5687 | Direct |
| Registered Shares | 30000 | Indirect |
| Registered Shares | 8872799 | Indirect |
| Registered Shares | 766498 | Indirect |
| Registered Shares | 43478 | Indirect |
Footnotes
F1: Consists of (a) 4,642 Registered Shares, and (b) unvested RSUs awarded to the reporting person under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan that can be settled only in Registered Shares, which RSUs consist of the RSUs granted on June 4, 2021 that vest as to 1,045 shares on June 4, 2022.
F2: The reporting person is a co-trustee of his mother's revocable trust and is his mother's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F3: The reporting person is a co-trustee of several charitable lead annuity trusts (CLATs) and holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F4: The reporting person is a co-trustee of several grantor retained annuity trusts (GRATs) established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F5: The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.
F6: The reporting person is the manager of a limited liability company, which is wholly-owned by a GRAT remainder trust established for the reporting person's benefit.