We present a comprehensive statistical analysis of high‐frequency transient‐large‐amplitude (TLA) magnetic perturbation events that occurred at 12 high‐latitude ground magnetometer stations throughout Solar Cycle 24 from 2009 to 2019. TLA signatures are defined as one or more second‐timescale dB/dt interval with magnitude ≥6 nT/s within an hour event window. This study characterizes high‐frequency TLA events based on their spatial and temporal behavior, relation to ring current activity, auroral substorms, and nighttime geomagnetic disturbance (GMD) events. We show that TLA events occur primarily at night, solely in the high‐latitude region above 60° geomagnetic latitude, and commonly within 30 min of substorm onsets. The largest TLA events occurred more often in the declining phase of the solar cycle when ring current activity was lower and solar wind velocity was higher, suggesting association to high‐speed streams caused by coronal holes and subsequent corotating interaction regions reaching Earth. TLA perturbations often occurred preceding or within the most extreme nighttime GMD events that have 5–10 min timescales, but the TLA intervals were often even more localized than the ∼300 km effective scale size of GMDs. We provide evidence that shows TLA‐related GMD events are associated with dipolarization fronts in the magnetotail and fast flows toward Earth and are closely temporally associated with poleward boundary intensifications (PBIs) and auroral streamers. The highly localized behavior and connection to the most extreme GMD events suggests that TLA intervals are a ground manifestation of features within rapid and complex ionospheric structures that can drive geomagnetically induced currents.