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Jonathan Burrell amended his Schedule 13G/A to report beneficial ownership of 9,662,032 Registered Shares of Garmin Ltd., equal to 5.02% of the class. The filing states Burrell holds 7,965,266 shares with sole voting and dispositive power and 1,696,766 shares with shared voting and dispositive power. The statement is signed 04/15/2026.
Key Figures
Beneficial ownership:9,662,032 sharesPercent of class:5.02%Sole voting power:7,965,266 shares+4 more
7 metrics
Beneficial ownership9,662,032 sharesAmount beneficially owned as reported in Item 4
Percent of class5.02%Percent of Registered Shares reported in Item 4(b)
Sole voting power7,965,266 sharesNumber with sole power to vote or direct the vote
Shared voting power1,696,766 sharesNumber with shared power to vote or direct the vote
Shares held in mother's GRATs4,776,352 sharesHeld in grantor retained annuity trusts established by his mother
Directly owned (may include RSUs)8,493 sharesOwned directly by the reporting person, may include vested or soon-to-vest RSUs
Filed/signed date04/15/2026Signature date on the amendment
Key Terms
Grantor Retained Annuity Trusts, Revocable Trust, Restricted Stock Units (RSUs), Sole/Shared Dispositive Power
4 terms
Grantor Retained Annuity Trustsfinancial
"held in several Grantor Retained Annuity Trusts established by the reporting person's mother"
A grantor retained annuity trust (GRAT) is an estate-planning tool where an owner transfers assets into a trust and receives fixed payments back for a set number of years; any remaining assets after that period pass to designated beneficiaries. For investors it matters because it can move future investment growth to heirs while potentially reducing gift and estate taxes — like putting a rising asset in a timed box that pays you first and gives the remaining upside to others.
Revocable Trustlegal
"held by The Judith M. Burrell Revocable Trust, over which reporting person shares voting"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Restricted Stock Units (RSUs)financial
"may include restricted stock units ("RSUs") awarded under the Non-Employee Directors' Equity Incentive Plan"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Sole/Shared Dispositive Powerregulatory
"Sole Dispositive Power 7,965,266.00 Shared Dispositive Power 1,696,766.00"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many Garmin (GRMN) shares does Jonathan Burrell beneficially own?
Burrell beneficially owns 9,662,032 Registered Shares. The filing states this equals 5.02% of Garmin's registered shares and lists voting and dispositive power breakdowns.
What voting and disposition powers does Burrell report on Garmin (GRMN)?
He reports 7,965,266 shares with sole voting and dispositive power and 1,696,766 shares with shared voting and dispositive power. These numbers are shown in the ownership table.
Are any of the Garmin shares held on behalf of others in the filing?
Yes. 4,776,352 shares are held in grantor retained annuity trusts established by his mother, and 249,000 shares are in The Judith M. Burrell Revocable Trust.
Does the filing mention restricted stock units (RSUs) for Burrell at Garmin (GRMN)?
Yes. The filing states 8,493 shares are directly owned and may include RSUs that have vested or will vest within 60 days and can be settled only in Registered Shares.
When was the Schedule 13G/A amendment signed for Garmin (GRMN)?
The amendment is signed by Jonathan Burrell on 04/15/2026. That date appears under the signature block as the filing's executed date.
Address or principal business office or, if none, residence:
P.O. Box 507, Stillwell, KS 66085
(c)
Citizenship:
USA
(d)
Title of class of securities:
Registered Shares
(e)
CUSIP No.:
H2906T109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Amount beneficially owned: 9,662,032
4,776,352 of the 9,662,032 Registered Shares reported are held in several Grantor Retained Annuity Trusts established by the reporting person's mother, over which Registered Shares the reporting person has the sole voting and dispositive power.
249,000 of the 9,662,032 Registered Shares reported are held by The Judith M. Burrell Revocable Trust, over which Registered Shares the reporting person shares voting and dispositive power with his mother, Judith M. Burrell, for whom the reporting person is attorney-in-fact.
1,326,443 of the 9,662,032 Registered Shares reported are held in the reporting person's revocable trust, over which Registered Shares the reporting person has the sole voting and dispositive power.
1,447,766 of the 9,662,032 Registered Shares reported are held in a GRAT remainder trust established for the reporting person's benefit, over which Registered Shares the reporting person shares voting and dispositive power with a third party co-trustee.
394,478 of the 9,662,032 Registered Shares reported are held in one or more limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit, over which Registered Shares the reporting person has the sole voting and dispositive power.
1,459,500 of the 9,662,032 Registered Shares reported are held in several Grantor Retained Annuity Trusts established by the reporting person, over which Registered Shares the reporting person has the sole voting and dispositive power.
8,493 of the 9,662,032 Registered Shares reported are owned by the reporting person directly, and may include restricted stock units ("RSUs") awarded to the reporting person under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan that can be settled only in Registered Shares (to the extent that such RSUs have vested or, within 60 days of the date of this Statement, will vest).
(b)
Percent of class:
5.02 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
7,965,266
(ii) Shared power to vote or to direct the vote:
1,696,766
(iii) Sole power to dispose or to direct the disposition of:
7,965,266
(iv) Shared power to dispose or to direct the disposition of:
1,696,766
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
4,776,352 of the 9,662,032 Registered Shares reported are held in several grantor retained annuity trusts established by the reporting person's mother, over which Registered Shares the reporting person has the sole voting and dispositive power. The grantor retained annuity trusts are for the benefit of the reporting person's mother during the two-year annuity period of the trusts, with any amounts remaining after distribution to the reporting person's mother being distributable to several remainder trusts for the benefit of certain descendants of the reporting person's parents.
249,000 of the 9,662,032 Registered Shares reported are held by The Judith M. Burrell Revocable Trust, over which Registered Shares the reporting person shares voting and dispositive power with his mother, Judith M. Burrell, for whom the reporting person is attorney-in-fact. The trust exists for the benefit of the reporting person's mother.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
