Garmin EVP awarded 3,987 restricted shares

Garmin Ltd executive Matthew Munn reported an acquisition of 3,987 registered shares through an equity award.

Rhea-AI Filing Summary

Garmin Ltd executive Matthew Munn reported an acquisition of 3,987 registered shares through an equity award. The Form 4 shows these shares were acquired at a stated price of $0.0000 per share as part of a restricted stock units award with performance-based and time-based vesting conditions.

The performance conditions for this award, granted in February 2025, have been met, and it now vests based only on time in three equal annual installments beginning on February 25, 2026. After this transaction, Munn directly holds 16,742 Garmin shares, including 14,610 unvested shares from this and other restricted stock unit awards and 58 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

Insider Trade Summary

Grant/Award: 3,987 shares

Grant/Award 1 txn

Insider Munn Matthew

Role EVP, Man. Director - Auto OEM

Type	Security	Shares	Price	Value
Grant/Award	Registered Shares	3,987	$0.00	$0.00

Holdings After Transaction: Registered Shares — 16,742 shares (Direct)

Footnotes (2)

1. F1. Shares acquired pursuant to a restricted stock units award granted in February 2025 that had both performance-based and time-based vesting conditions. The performance-based vesting conditions have been satisfied, and now the award is subject only to time-based vesting conditions. The award vests in three equal annual installments beginning on February 25, 2026.
2. F2. Includes 14,610 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and other previously granted restricted stock unit awards and (ii) 58 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

FAQ

What did Garmin (GRMN) executive Matthew Munn report in this Form 4 filing?

Matthew Munn reported an acquisition of Garmin shares through an equity award. The filing shows he acquired 3,987 registered shares via a restricted stock units award, with no cash purchase price, increasing his direct holdings to 16,742 shares after the reported transaction.

How many Garmin (GRMN) shares did Matthew Munn acquire in February 2026?

Matthew Munn acquired 3,987 registered Garmin shares on February 18, 2026. These shares were received through a restricted stock units award rather than an open-market purchase, with a reported transaction price of $0.0000 per share in the Form 4 filing.

What are the vesting terms of Matthew Munn’s restricted stock units at Garmin (GRMN)?

Munn’s restricted stock units vest over three years after performance goals were met. The award, granted in February 2025, had performance-based and time-based conditions. With performance conditions satisfied, it now vests in three equal annual installments starting on February 25, 2026.

How many Garmin (GRMN) shares does Matthew Munn hold after this reported transaction?

After the transaction, Munn directly holds 16,742 Garmin shares. This total includes 14,610 unvested shares from the described and prior restricted stock unit awards and 58 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

What portion of Matthew Munn’s Garmin (GRMN) holdings are unvested restricted stock units?

Munn’s holdings include 14,610 unvested Garmin shares from restricted stock units. These unvested shares come from the February 2025 award with met performance conditions and other previously granted restricted stock unit awards, as detailed in the Form 4 footnotes.

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Accepted by SEC EDGAR 02/20/2026 - 05:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Munn Matthew

(Last) (First) (Middle)

28125 CABOT DRIVE

SUITE 120

(Street)

NOVI MI 48377

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GARMIN LTD [ GRMN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Man. Director - Auto OEM

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Registered Shares	02/18/2026		A		3,987(1)	A	$0	16,742(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares acquired pursuant to a restricted stock units award granted in February 2025 that had both performance-based and time-based vesting conditions. The performance-based vesting conditions have been satisfied, and now the award is subject only to time-based vesting conditions. The award vests in three equal annual installments beginning on February 25, 2026.

2. Includes 14,610 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and other previously granted restricted stock unit awards and (ii) 58 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

	/s/ Paul E. Cassat, as attorney-in-fact for Matthew Munn	02/20/2026
	** Signature of Reporting Person	Date
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.
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