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GARMIN LTD — Director's Dealing 2024
Dec 3, 2024
30027_dirs_2024-12-03_a612643a-9750-4f21-9eb8-9994aff9794c.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: 2024-12-02
Reporting Person: BURRELL JONATHAN (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-12-02 | Registered Shares | G | 9300 | — | Disposed | 251300 | Indirect |
| 2024-12-02 | Registered Shares | G | 9300 | — | Acquired | 9300 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 8766 | Direct |
| Registered Shares | 7037597 | Indirect |
| Registered Shares | 9223049 | Indirect |
| Registered Shares | 394478 | Indirect |
| Registered Shares | 910350 | Indirect |
Footnotes
F1: Consists of (a) 7,676 Registered Shares, and (b) unvested restricted stock units (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 vest as to 1,090 shares on June 7, 2025.
F2: The reporting person is a co-trustee of multiple grantor retained annuity trusts (GRATs) established by him, and his children hold the remainder interests therein. 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 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.
F4: 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.
F5: The reporting person is the manager of several limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit.
F6: The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.