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GARMIN LTD — Director's Dealing 2024
Jun 10, 2024
30027_dirs_2024-06-10_944d28cf-81b2-4e3e-9e7f-214cff7fd74e.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: 2024-06-07
Reporting Person: BURRELL JONATHAN (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-07 | Registered Shares | A | 1090 | — | Acquired | 9142 | Direct |
| 2024-06-09 | Registered Shares | F | 376 | $163.26 | Disposed | 8766 | Direct |
| 2024-06-10 | Registered Shares | G | 108000 | — | Disposed | 198400 | Indirect |
| 2024-06-10 | Registered Shares | G | 108000 | — | Acquired | 131600 | Indirect |
| 2024-06-10 | Registered Shares | G | 718600 | — | Disposed | 5453197 | Indirect |
| 2024-06-10 | Registered Shares | G | 718600 | — | Acquired | 2398350 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 9223049 | Indirect |
| Registered Shares | 394478 | Indirect |
| Registered Shares | 639034 | Indirect |
Footnotes
F1: Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan. The award vests on June 7, 2025.
F2: Includes the 1,090 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and 1,501 unvested shares acquired pursuant to a previously granted restricted stock unit award.
F3: 1,501 shares that were acquired pursuant to an award of restricted stock units on June 9, 2023 vested and were released to the reporting person. Of these 1,501 shares, 376 shares were withheld to pay a resulting tax liability.
F4: Includes the 1,090 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1.
F5: 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.
F6: 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.
F7: 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.
F8: 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.
F9: 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.
F10: The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.