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Filing Details

Accession Number:: 0001014108-24-000012
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-03-13 11:45:49
Reporting Period:: 2024-03-11

Accepted Time:: 2024-03-13 11:45:49
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1121788	Garmin Ltd	GRMN	Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)	980229227

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1134084	Jonathan Burrell	6300 West 143Rd Street Overland Park KS 66223		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Registered Shares	Disposition	2024-03-11	1,036,400	$0.00	6,828,947	No	4	G	Indirect	By GRATs
Registered Shares	Acquisiton	2024-03-11	1,036,400	$0.00	1,068,200	No	4	G	Indirect	By trust
Registered Shares	Disposition	2024-03-11	15,000	$142.12	683,834	No	4	S	Indirect	By trust
Registered Shares	Disposition	2024-03-12	15,000	$146.12	668,834	No	4	S	Indirect	By trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	G	Indirect	By GRATs
No	4	G	Indirect	By trust
No	4	S	Indirect	By trust
No	4	S	Indirect	By trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Registered Shares	8,052	Direct
Registered Shares	233,400	Indirect	By GRATs
Registered Shares	96,600	Indirect	By trust
Registered Shares	9,223,049	Indirect	By CLATs
Registered Shares	394,478	Indirect	By LLCs

Footnotes

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 30,000 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 $141.58 to $142.68, 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.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $145.38 to $147.26, 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.