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