BURRELL JONATHAN 4

What Happened
Jonathan Burrell, a director of Garmin Ltd. (GRMN), was granted 753 restricted stock units (RSUs) on 2026-06-05 (award price $0.00). Separately, on 2026-06-06, 215 shares were withheld to satisfy a tax liability related to a prior RSU release; the withholding was valued at $236.57 per share, totaling $50,863. The new 753 RSUs vest on June 5, 2027.

Key Details

• Transactions: 2026-06-05 — Grant of 753 RSUs (code A) at $0.00; 2026-06-06 — 215 shares withheld for tax (code F) at $236.57, proceeds ~$50,863.
• Shares after transactions: filing notes inclusion of 753 unvested RSUs from the new grant plus 858 previously granted RSUs (total 1,611 unvested RSUs referenced in footnotes).
• Notable footnotes: the 753 RSUs vest 6/5/2027 (F1); the 215 withheld shares came from an earlier 858-share RSU release (award dated 6/6/2025) to cover taxes (F2–F4). Several trust-related disclaimers apply (F5–F8) — Burrell disclaims beneficial ownership except for his pecuniary interest in certain GRAT/LLC structures.
• Filing timeliness: filing shows transactionTimeliness = 'L' (filed 2026-06-08 for a 6/5–6/6 transaction), indicating a late Form 4 filing.

Context
The grant is director compensation (RSUs) and vests in one year; the 215-share disposition was tax withholding, not an open-market sale, and is routine. Such awards increase an insider’s stake over time if they vest; tax-withholding sales are administrative and do not necessarily indicate the director’s view on the stock.