Garmin (GRMN) Director Jonathan Burrell Gifts 900,000 Shares

What Happened

• Jonathan Burrell, a director of Garmin Ltd. (GRMN), reported multiple gift transactions on Aug 3–4, 2026. The Form 4 shows total dispositions by gift of 900,000 shares and total acquisitions by gift of 785,332 shares (all reported at $0.00 per share). Net across the reported transactions is a disposal of 114,668 shares. All transactions are recorded as gifts (code G) and carry a $0 transaction value.

Key Details

• Transaction dates and totals:
  • Aug 3, 2026: Gifts acquired 113,332 shares (56,666 + 56,666) and gifted/transferred out 220,000 shares (170,000 + 50,000).
  • Aug 4, 2026: Gifts acquired 672,000 shares (400,000 + 272,000) and gifted/transferred out 680,000 shares (272,000 + 408,000).
  • All transactions reported at $0.00 per share (gift transactions).
• Shares owned after transaction: Form notes holdings "consist of (a) 9,136 Registered Shares and (b) unvested RSUs" that can be settled only in Registered Shares; the RSUs vest as to 753 shares on June 5, 2027 (see footnote F1). The filing does not show a simple single total beyond these specifics.
• Notable footnotes: multiple trustee and GRAT relationships are disclosed (F2–F6); Burrell disclaims beneficial ownership of certain reported securities except to the extent of his pecuniary interest. Footnotes indicate transfers involve family/grantor retained annuity trusts and related entities.
• Filing timeliness: Report filed Aug 5, 2026 for transactions on Aug 3–4, 2026 — not indicated as late.

Context

• These were gift transfers (not open-market purchases or sales) and are typically transfers to or from trusts/family members; gifts do not by themselves signal the insider’s view of the company’s stock price.
• Because the transactions involve trust/remainder interests and disclaimers, ownership and control can be complex — the filings disclose the reporter’s trustee roles and limited pecuniary interests.