Garmin CFO sells 2,000 shares under 10b5-1 plan

Q: How many Garmin (GRMN) shares did the CFO sell and at what prices?

The CFO sold a total of 2,000 registered shares of Garmin stock. Individual transactions were reported at weighted average prices including $238.9056, $238.2831, $237.3053, and $236.5924 per share across separate open-market trades.

Q: Was the Garmin (GRMN) CFO’s stock sale made under a Rule 10b5-1 plan?

Yes. A footnote states the sales were made pursuant to a Rule 10b5-1 trading plan adopted by Douglas G. Boessen on March 2, 2026. Such plans pre-schedule trades, making the timing more routine and less discretionary.

Q: What does the filing say about the Garmin (GRMN) CFO’s remaining equity holdings?

The filing notes that Boessen’s holdings include 16,021 unvested shares acquired through earlier restricted stock unit awards. This indicates he still has significant equity-based compensation exposure even after the reported open-market sales.

Garmin Ltd. reported that its CFO and Treasurer, Douglas G. Boessen, sold a total of 2,000 registered shares in open-market transactions on June 5, 2026.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Garmin Ltd. reported that its CFO and Treasurer, Douglas G. Boessen, sold a total of 2,000 registered shares in open-market transactions on June 5, 2026. The sales occurred in multiple trades at prices generally between about $236 and $239 per share.

The transactions were carried out pursuant to a Rule 10b5-1 trading plan that Boessen adopted on March 2, 2026, indicating they were pre‑scheduled rather than discretionary. After these sales, he continues to hold Garmin equity, including 16,021 unvested shares from previously granted restricted stock unit awards.

Insider Trade Summary 10b5-1

Net Seller: 2,000 shares

Net Sell 4 txns

Insider Boessen Douglas G.

Role CFO and Treasurer

Sold 2,000 shs ($476K)

Type	Security	Shares	Price	Value
Sale	Registered Shares	272	$236.5924	$64K
Sale	Registered Shares	355	$237.3053	$84K
Sale	Registered Shares	1,288	$238.2831	$307K
Sale	Registered Shares	85	$238.9056	$20K

Holdings After Transaction: Registered Shares — 26,049 shares (Direct)

Footnotes (6)

F1. Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2026.
F2. This transaction was executed in multiple trades at prices ranging from $235.785 to $236.775. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F3. Includes 16,021 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F4. This transaction was executed in multiple trades at prices ranging from $236.785 to $237.665. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F5. This transaction was executed in multiple trades at prices ranging from $237.805 to $238.69. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F6. This transaction was executed in multiple trades at prices ranging from $238.80 to $239.46. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

Key Figures

Shares sold: 2,000 shares Sale price 1: $238.9056 per share Sale price 2: $238.2831 per share +3 more

6 metrics

Shares sold 2,000 shares Total Garmin registered shares sold on June 5, 2026

Sale price 1 $238.9056 per share Weighted average price for one block of registered shares sold

Sale price 2 $238.2831 per share Weighted average price for another block of shares sold

Sale price 3 $237.3053 per share Weighted average price for a reported transaction block

Sale price 4 $236.5924 per share Weighted average price for an additional transaction block

Unvested shares 16,021 shares Unvested shares from previously granted restricted stock unit awards

Key Terms

Rule 10b5-1 trading plan, weighted average sale price, restricted stock unit awards, registered shares

4 terms

Rule 10b5-1 trading plan financial

"Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average sale price financial

"The price reported above reflects the weighted average sale price."

restricted stock unit awards financial

"Includes 16,021 unvested shares acquired pursuant to previously granted restricted stock unit awards."

Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.

registered shares financial

"security_title": "Registered Shares""

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Garmin (GRMN) disclose for CFO Douglas G. Boessen?

Garmin disclosed that CFO Douglas G. Boessen sold 2,000 registered shares on June 5, 2026. The Form 4 shows multiple open-market transactions in Garmin stock, with prices in the mid-$230s per share, while he retained a meaningful remaining equity stake.

How many Garmin (GRMN) shares did the CFO sell and at what prices?

The CFO sold a total of 2,000 registered shares of Garmin stock. Individual transactions were reported at weighted average prices including $238.9056, $238.2831, $237.3053, and $236.5924 per share across separate open-market trades.

Was the Garmin (GRMN) CFO’s stock sale made under a Rule 10b5-1 plan?

Yes. A footnote states the sales were made pursuant to a Rule 10b5-1 trading plan adopted by Douglas G. Boessen on March 2, 2026. Such plans pre-schedule trades, making the timing more routine and less discretionary.

What does the filing say about the Garmin (GRMN) CFO’s remaining equity holdings?

The filing notes that Boessen’s holdings include 16,021 unvested shares acquired through earlier restricted stock unit awards. This indicates he still has significant equity-based compensation exposure even after the reported open-market sales.

How were the Garmin (GRMN) CFO’s sale prices reported in the Form 4?

Each transaction was executed in multiple trades within a price range. The Form 4 reports a weighted average sale price for each block and offers to provide the detailed breakdown of shares sold at each price upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 06/08/2026 - 09:55 PM EDT

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^*

Boessen Douglas G.

(Last)

(First)

(Middle)

1200 E. 151ST ST.

(Street)

OLATHE

KANSAS

66062

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)
	CFO and Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Registered Shares	06/05/2026		S⁽¹⁾		272	D	$236.5924⁽²⁾	27,777⁽³⁾	D
Registered Shares	06/05/2026		S⁽¹⁾		355	D	$237.3053⁽⁴⁾	27,422⁽³⁾	D
Registered Shares	06/05/2026		S⁽¹⁾		1,288	D	$238.2831⁽⁵⁾	26,134⁽³⁾	D
Registered Shares	06/05/2026		S⁽¹⁾		85	D	$238.9056⁽⁶⁾	26,049⁽³⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2026.

2. This transaction was executed in multiple trades at prices ranging from $235.785 to $236.775. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

3. Includes 16,021 unvested shares acquired pursuant to previously granted restricted stock unit awards.

4. This transaction was executed in multiple trades at prices ranging from $236.785 to $237.665. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

5. This transaction was executed in multiple trades at prices ranging from $237.805 to $238.69. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

6. This transaction was executed in multiple trades at prices ranging from $238.80 to $239.46. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

	/s/ Paul E. Cassat, as attorney-in-fact for Douglas G. Boessen	06/08/2026
	** 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.
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