BURRELL JONATHAN 4

4 · GARMIN LTD · Filed Mar 13, 2026

AI-generated summary of this filing

Updated Mar 13, 2026

Garmin (GRMN) Director Jonathan Burrell Gifts Shares (Net +41,600)

What Happened

Jonathan Burrell, a director of Garmin Ltd. (GRMN), reported gift transactions on March 11, 2026. The Form 4 shows a gift disposition of 330,000 shares (price $0.00) and two gift acquisitions of 41,600 shares and 330,000 shares (both $0.00). All transactions are coded as gifts (G), meaning shares were transferred without cash payment. The net effect reported is an increase of 41,600 shares in Burrell’s holdings (371,600 acquired less 330,000 disposed), with no dollar value recorded on the filing.

Key Details

Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (timely filing).
Prices: $0.00 for all reported transfers (gift transactions).
Shares moved: 330,000 shares gifted away; 41,600 and 330,000 shares received by gift.
Net change: +41,600 shares to Burrell’s reported holdings.
Footnotes:
- F1 indicates holdings include 8,493 registered shares plus unvested RSUs (858 of which vest June 6, 2026).
- F2–F6 describe that many transfers involve grantor retained annuity trusts (GRATs), revocable trusts or LLCs; Burrell disclaims beneficial ownership of certain shares except to the extent of pecuniary interest.
Filing timeliness: Filed within two business days of the transaction date (appears timely).

Context

Gifts are transfers for estate-planning or family trust purposes and do not signal a straightforward buy/sell sentiment about the stock. There was no cash exchanged and no market trade price to value the transfers on the Form 4.
The footnotes show the transfers involve trusts and remainder interests; such transfers often reflect estate/planning moves rather than investment decisions by the insider.

Form 4

Period: 2026-03-11

Director

Transactions

Gift
Registered Shares
[F3]
2026-03-11−330,000→ 4,670,352 total(indirect: By GRATs)
Gift
Registered Shares
2026-03-11+41,600→ 1,288,443 total(indirect: By Trust)
Gift
Registered Shares
[F6]
2026-03-11+330,000→ 355,000 total(indirect: By Trust)

Holdings

Footnotes (6)

[F1]Consists of (a) 8,493 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 858 shares on June 6, 2026.
[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 interests 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 the manager of several limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit.
[F5]The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.
[F6]The reporting person is a co-trustee of his mother's revocable trust and 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.

Signature

/s/Jonathan Burrell|2026-03-13

1 file