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Garmin (GRMN) director amends insider sale, correcting price on 643 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Garmin Ltd. director Joseph J. Hartnett filed an amended insider trading report showing an open-market sale of 643 Registered Shares of Garmin on June 9, 2026 at a corrected price of $236.09 per share. The amendment fixes an earlier typographical error that had reported a higher sale price. After this transaction, Hartnett directly holds 21,277 Garmin shares, which include 753 unvested shares from a previously granted restricted stock unit award.

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Insider Hartnett Joseph J
Role null
Sold 643 shs ($152K)
Type Security Shares Price Value
Sale Registered Shares 643 $236.09 $152K
Holdings After Transaction: Registered Shares — 21,277 shares (Direct, null)
Footnotes (1)
  1. This amendment corrects the sale price reported in Column 4 for the transaction previously reported. The price was incorrectly reported as $263.57 due to a typographical error and is hereby corrected to $236.09. Includes 753 unvested shares acquired pursuant to a previously granted restricted stock units award.
Shares sold 643 shares Registered Shares sold June 9, 2026
Sale price $236.09 per share Corrected transaction price for June 9, 2026 sale
Shares held after sale 21,277 shares Direct holdings following transaction
Unvested RSU shares 753 shares Unvested shares from restricted stock units within holdings
Registered Shares financial
"security_title: "Registered Shares" for the reported sale"
Shares that are recorded by name in a company’s official shareholder register, so the company knows exactly who owns them and must update its records when they change hands. For investors this matters because registered shares make it easier to receive dividends, vote at meetings and prove ownership—like having a named entry in an address book rather than an anonymous ticket—reducing confusion and improving legal and tax transparency.
open-market sale financial
"transaction_action: "open-market sale" describing the transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
restricted stock units financial
"Includes 753 unvested shares acquired pursuant to a previously granted restricted stock units award."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Form 4/A regulatory
"Amended insider report classified as Form 4/A"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
unvested shares financial
"Includes 753 unvested shares acquired pursuant to a previously granted restricted stock units award."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hartnett Joseph J
(Last)(First)(Middle)
MUEHLENTALSTRASSE 36/38
(Street)
SCHAFFHAUSENSWITZERLAND8200
(City)(State)(Zip)
SWITZERLAND
(Country)		2. Issuer Name and Ticker or Trading Symbol
GARMIN LTD [ GRMN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)
06/09/2026
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Registered Shares06/09/2026S643D$236.09(1)21,277(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This amendment corrects the sale price reported in Column 4 for the transaction previously reported. The price was incorrectly reported as $263.57 due to a typographical error and is hereby corrected to $236.09.
2. Includes 753 unvested shares acquired pursuant to a previously granted restricted stock units award.
/s/ Paul E. Cassat, as attorney-in-fact for Joseph J. Hartnett06/09/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Garmin (GRMN) report for Joseph J. Hartnett?

Garmin reported that director Joseph J. Hartnett completed an open-market sale of 643 Registered Shares on June 9, 2026, at $236.09 per share. This filing is an amendment correcting the previously reported sale price while keeping the share count and transaction date the same.

How many Garmin (GRMN) shares did Joseph J. Hartnett sell and at what price?

Joseph J. Hartnett sold 643 Garmin Registered Shares at a corrected price of $236.09 per share on June 9, 2026. The original filing had misstated the price as $263.57, and this amendment fixes that typographical error without changing the number of shares sold.

What did the amended Form 4/A for Garmin (GRMN) correct?

The amended Form 4/A corrects the sale price previously reported for Hartnett’s June 9, 2026 transaction. The original filing showed $263.57 per share, but this amendment states the correct sale price was $236.09, with the same 643 shares and transaction date unchanged.

How many Garmin (GRMN) shares does Joseph J. Hartnett hold after this sale?

Following the sale, Joseph J. Hartnett directly holds 21,277 Garmin shares. This post-transaction total includes both vested and unvested equity, reflecting his remaining ownership stake after disposing of 643 Registered Shares in the corrected June 9, 2026 open-market transaction.

Does Joseph J. Hartnett have unvested Garmin (GRMN) equity remaining?

Yes. Hartnett’s reported holdings include 753 unvested shares acquired under a previously granted restricted stock unit award. These unvested shares remain subject to vesting conditions but are counted within his total post-transaction direct holdings of 21,277 Garmin shares.

Was the Garmin (GRMN) insider sale by Joseph J. Hartnett a new transaction?

No. The amendment does not report a new transaction; it corrects a pricing error for a previously disclosed sale. The June 9, 2026 sale of 643 Registered Shares already occurred, and this filing simply revises the reported price to the accurate $236.09 per share.