Garmin (GRMN) Director Jonathan Burrell Gifts 388,000 Shares

What Happened Jonathan Burrell, a director of Garmin Ltd., reported gift transactions on August 10, 2026 that moved a total of 388,000 Garmin shares between accounts/trusts. The Form 4 shows two disposals by gift (90,000 and 298,000 shares) and two acquisitions by gift (298,000 and 90,000 shares). All transactions are coded as gifts (G) at $0.00 per share, so no sale proceeds or purchase price were involved. The equal amounts disposed and acquired indicate no net change in the total number of shares reported on that date.

Key Details

• Transaction date: 2026-08-10; Form 4 filed 2026-08-11 (appears timely).
• Transaction type/code: Gift (G); price reported $0.00 for each transfer.
• Breakdown: Disposed by gift — 90,000 and 298,000 shares; Acquired by gift — 298,000 and 90,000 shares (total moved = 388,000).
• Reported holdings/notes (F1): Holdings consist of 9,136 registered shares plus unvested RSUs that can be settled in registered shares (RSUs include 753 shares vesting June 5, 2027).
• Beneficial-ownership disclaimers (F2–F6): Burrell is a co-trustee/manager of various GRATs and trusts; he disclaims beneficial ownership of certain reported securities except to the extent of pecuniary interest.
• No proceeds or market trades: These were gift transfers, not open-market sales or purchases.

Context Gifts and intra-family or trust transfers are often estate-planning or administrative moves and do not necessarily reflect the insider’s view of the company’s near-term outlook. The multiple trust-related footnotes and matching disposed/acquired amounts suggest transfers among related entities rather than market activity. For retail investors, this type of filing is informational but typically neutral in terms of signaling buy/sell sentiment.