Filing Details
- Accession Number:
- 0001014108-24-000017
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-03-15 18:13:34
- Reporting Period:
- 2024-03-13
- Accepted Time:
- 2024-03-15 18:13:34
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Registered Shares | Acquisiton | 2024-03-13 | 33,000 | $0.00 | 266,400 | No | 4 | G | Indirect | By GRATs |
| Registered Shares | Disposition | 2024-03-13 | 33,000 | $0.00 | 63,600 | No | 4 | G | Indirect | By trust |
| Registered Shares | Acquisiton | 2024-03-13 | 694,000 | $0.00 | 7,522,947 | No | 4 | G | Indirect | By GRATs |
| Registered Shares | Disposition | 2024-03-13 | 694,000 | $0.00 | 374,200 | No | 4 | G | Indirect | By trust |
| Registered Shares | Disposition | 2024-03-13 | 15,000 | $148.89 | 653,834 | No | 4 | S | Indirect | By trust |
| Registered Shares | Disposition | 2024-03-14 | 15,000 | $147.49 | 638,834 | No | 4 | S | Indirect | By trust |
| Registered Shares | Disposition | 2024-03-14 | 321,500 | $0.00 | 7,201,447 | No | 4 | G | Indirect | By GRATs |
| Registered Shares | Acquisiton | 2024-03-14 | 321,500 | $0.00 | 695,700 | No | 4 | G | Indirect | By trust |
| Registered Shares | Disposition | 2024-03-15 | 15,000 | $146.15 | 623,834 | No | 4 | S | Indirect | By trust |
| Registered Shares | Acquisiton | 2024-03-15 | 694,000 | $0.00 | 7,895,447 | No | 4 | G | Indirect | By GRATs |
| Registered Shares | Disposition | 2024-03-15 | 694,000 | $0.00 | 1,700 | No | 4 | G | 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 | G | Indirect | By GRATs |
| No | 4 | G | Indirect | By trust |
| No | 4 | S | Indirect | By trust |
| No | 4 | S | Indirect | By trust |
| No | 4 | G | Indirect | By GRATs |
| No | 4 | G | Indirect | By trust |
| No | 4 | S | Indirect | By trust |
| No | 4 | G | Indirect | By GRATs |
| No | 4 | G | Indirect | By trust |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Registered Shares | 8,052 | Direct | |
| 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 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.
Billionaire Hedge Funds
