Garmin Ltd., a Swiss company headquartered in Schaffhausen, has recently filed a Form 4 with the U.S. Securities and Exchange Commission (SEC), reporting changes in the beneficial ownership of its registered shares by a director, Jonathan Burrell. This filing, submitted on March 13, 2026, provides insights into the director’s equity position within the company, which is listed on the New York Stock Exchange.

The report details a series of transactions that have increased Burrell’s indirect holdings in Garmin Ltd. These holdings are primarily managed through various trust and LLC structures, including grantor retained annuity trusts. While Burrell’s direct ownership of Garmin shares remains modest, his indirect interests constitute the majority of his stake in the company. The filing outlines the timing of shares acquired and disposed of, noting that no monetary consideration was paid in the recent transactions.

Garmin Ltd. operates within the Consumer Discretionary sector, specifically in the Household Durables industry. The company is renowned for its navigation, communication, and information devices, which are GPS-enabled and cater to automotive, aviation, marine, outdoor, and fitness markets globally. These products are designed, developed, manufactured, and marketed by Garmin, which has established a strong presence in the global market since its Initial Public Offering on December 12, 2000.

As of March 12, 2026, Garmin’s close price stood at $233.52, with a 52-week high of $261.69 recorded on October 8, 2025, and a 52-week low of $169.26 on April 6, 2025. The company’s market capitalization is valued at approximately $45.37 billion, with a price-to-earnings ratio of 27.43.

The Form 4 filing serves to enhance regulatory transparency regarding changes in the director’s stake in Garmin’s equity, without disclosing specific financial performance or market-price information. This update is part of Garmin’s ongoing commitment to maintaining transparency with its shareholders and regulatory bodies.

For more information about Garmin Ltd. and its offerings, interested parties can visit the company’s website at www.garmin.com .