BURRELL JONATHAN 4

What Happened Jonathan Burrell, a director of Garmin Ltd. (GRMN), reported a series of gift transfers on March 12–13, 2026. The Form 4 shows gifts totaling 593,000 shares acquired and 593,000 shares disposed (transactions reported at $0.00 per share), meaning these were non‑cash transfers between accounts/vehicles rather than open‑market buys or sales.

Key Details

• Transaction types: Gifts (code G) reported on 2026-03-12 and 2026-03-13. All reported prices are $0.00; total cash consideration $0.
• Shares moved: 330,000; 225,000; and 38,000 share transfers appear in both acquisition and disposition lines — 593,000 shares acquired and 593,000 shares disposed (net zero).
• Filing date vs. report period: Form filed 2026-03-16 covering transactions dated 2026-03-12 and 2026-03-13. The filing appears timely.
• Holdings/footnotes: Footnote F1 notes holdings include 8,493 registered shares plus RSUs (858 RSUs vesting June 6, 2026). Footnotes F2–F6 disclose multiple GRATs, trusts and managerial relationships and state Burrell disclaims beneficial ownership of certain trust-held securities except to the extent of pecuniary interest.
• No indication of 10b5-1 plan, option exercises, or tax‑withholding in this filing.

Context Gifts are transfers for estate/planning or family reasons and do not necessarily signal a view on the company's prospects; here the equal acquisitions and dispositions indicate internal reallocations among trusts/vehicles. Because the filing discloses trust remainder interests and disclaimers (F2–F6), beneficiaries and trustee roles explain why securities move between accounts even though reported as acquisitions and dispositions.