Form 4 for GRMN Garmin
Accepted 2024-03-13 00:00:00 ET · period of report 2024-03-11 · accession 0001014108-24-000012 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2024-03-13 | 2024-03-11 | GRMN | BURRELL JONATHAN | Dir | G - Gift | $0.00 | 0 | 1.07M | New | $0 |
| MI | 2024-03-13 | 2024-03-11+ | GRMN | BURRELL JONATHAN | Dir | S - Sale | $144.12 | -30.0K | 668.8K | -4% | -$4.32M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Registered Shares | 2024-03-11 | G | D | 1,036,400 | $0.00 | 6,828,947 | I By GRATs | — | — | (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. |
| 2 | Common | Registered Shares | 2024-03-11 | S | D | 15,000 | $142.12 | 683,834 | I By trust | — | — | (F8) 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. (F7) 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. |
| 3 | Common | Registered Shares | 2024-03-12 | S | D | 15,000 | $146.12 | 668,834 | I By trust | — | — | (F9) 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. (F7) 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. |
| 4 | Common | Registered Shares | 2024-03-11 | G | A | 1,036,400 | $0.00 | 1,068,200 | I By trust | — | — | (F6) 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. |