0001014108-24-000017.txt : 20240315
0001014108-24-000017.hdr.sgml : 20240315
20240315181334
ACCESSION NUMBER: 0001014108-24-000017
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240313
FILED AS OF DATE: 20240315
DATE AS OF CHANGE: 20240315
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BURRELL JONATHAN
CENTRAL INDEX KEY: 0001134084
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41118
FILM NUMBER: 24756360
MAIL ADDRESS:
STREET 1: 6300 WEST 143RD STREET
CITY: OVERLAND PARK
STATE: KS
ZIP: 66223
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GARMIN LTD
CENTRAL INDEX KEY: 0001121788
STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812]
ORGANIZATION NAME: 04 Manufacturing
IRS NUMBER: 980229227
STATE OF INCORPORATION: V8
FISCAL YEAR END: 1230
BUSINESS ADDRESS:
STREET 1: MUHLENTALSTRASSE 2
CITY: SCHAFFHAUSEN
STATE: V8
ZIP: CH-8200
BUSINESS PHONE: 41 52 630 1600
MAIL ADDRESS:
STREET 1: MUHLENTALSTRASSE 2
CITY: SCHAFFHAUSEN
STATE: V8
ZIP: CH-8200
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0508
4
2024-03-13
0
0001121788
GARMIN LTD
GRMN
0001134084
BURRELL JONATHAN
6300 WEST 143RD STREET
OVERLAND PARK
KS
66223
1
0
0
0
1
Registered Shares
8052
D
Registered Shares
2024-03-13
4
G
0
33000
0
A
266400
I
By GRATs
Registered Shares
2024-03-13
4
G
0
33000
0
D
63600
I
By trust
Registered Shares
2024-03-13
4
G
0
694000
0
A
7522947
I
By GRATs
Registered Shares
9223049
I
By CLATs
Registered Shares
394478
I
By LLCs
Registered Shares
2024-03-13
4
G
0
694000
0
D
374200
I
By trust
Registered Shares
2024-03-13
4
S
0
15000
148.8893
D
653834
I
By trust
Registered Shares
2024-03-14
4
S
0
15000
147.4856
D
638834
I
By trust
Registered Shares
2024-03-14
4
G
0
321500
0
D
7201447
I
By GRATs
Registered Shares
2024-03-14
4
G
0
321500
0
A
695700
I
By trust
Registered Shares
2024-03-15
4
S
0
15000
146.1521
D
623834
I
By trust
Registered Shares
2024-03-15
4
G
0
694000
0
A
7895447
I
By GRATs
Registered Shares
2024-03-15
4
G
0
694000
0
D
1700
I
By trust
Consists of (a) 6,551 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 1,501 shares on June 9, 2024.
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.
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.
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.
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.
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.
The reporting person is a co-trustee of a GRAT remainder trust established for his benefit. The reported sales of 45,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted on December 1, 2023.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $148.09 to $149.06, inclusive. The reporting person undertakes to provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $146.45 to $148.525, inclusive. The reporting person undertakes to provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $145.81 to $146.68, inclusive. The reporting person undertakes to provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
Rule 10b5-1 trading plan adopted on December 1, 2023
/s/Jonathan Burrell
2024-03-15