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Garmin (NYSE: GRMN) counsel reports 1,152-share July 31 stock sale

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Garmin Ltd. vice president and general counsel Joshua H. Maxfield reported selling a total of 1,152 registered shares of Garmin on July 31, 2026. The sales were executed in three open-market transactions of 272, 438, and 442 shares at weighted average prices of $289.1515, $291.3217, and $292.1657 per share, respectively, each based on multiple trades within disclosed price ranges.

Maxfield also reports indirect ownership of 534.5900 registered shares through a 401(k) Plan. Footnote disclosure states that his beneficial holdings include 6,355 unvested shares from restricted stock unit awards and 73 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.

Positive

  • None.

Negative

  • None.
Insider MAXFIELD JOSHUA H
Role VP, General Counsel
Sold 1,152 shs ($335K)
Type Security Shares Price Value
Sale Registered Shares F1, F2 272 $289.1515 $79K
Sale Registered Shares F3, F2 438 $291.3217 $128K
Sale Registered Shares F4, F2 442 $292.1657 $129K
holding Registered Shares -- -- --
Holdings After Transaction: Registered Shares — 15,042 shares (Direct); Registered Shares — 534.59 shares (Indirect, By 401(k) Plan)
Footnotes (4)
  1. F1. This transaction was executed in multiple trades at prices ranging from $289.15 to $289.17. 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.
  2. F2. Includes 6,355 unvested shares acquired pursuant to previously granted restricted stock unit awards and 73 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.
  3. F3. This transaction was executed in multiple trades at prices ranging from $290.87 to $291.66. 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.
  4. F4. This transaction was executed in multiple trades at prices ranging from $291.88 to $292.31. 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.
Shares sold 1,152 shares Total registered shares sold on July 31, 2026 by Joshua H. Maxfield
Tranche 1 price $289.1515 per share Weighted average sale price for 272 registered shares on July 31, 2026
Tranche 2 price $291.3217 per share Weighted average sale price for 438 registered shares on July 31, 2026
Tranche 3 price $292.1657 per share Weighted average sale price for 442 registered shares on July 31, 2026
401(k) plan holdings 534.5900 shares Registered shares held indirectly through a 401(k) Plan after the reported transactions
Unvested RSU shares 6,355 shares Unvested shares from restricted stock unit awards included in beneficial ownership
ESPP shares 73 shares Shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
restricted stock unit awards financial
"Includes 6,355 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.
Employee Stock Purchase Plan financial
"73 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
401(k) Plan financial
"Nature of ownership for 534.5900 registered shares is listed as "By 401(k) Plan"."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction in GRMN did Joshua H. Maxfield report?
Joshua H. Maxfield, Garmin’s VP and general counsel, reported selling 1,152 registered shares of GRMN on July 31, 2026. The sale occurred in three open-market tranches at weighted average prices between about $289 and $292 per share.

At what prices were the GRMN shares sold by Garmin executive Joshua H. Maxfield?
Maxfield’s GRMN sales occurred at weighted average prices of $289.1515, $291.3217, and $292.1657 per share. Footnotes state these averages reflect multiple trades within disclosed price ranges for each transaction batch.

How many Garmin (GRMN) shares did Joshua H. Maxfield sell in each transaction?
On July 31, 2026, Maxfield sold 272, 438, and 442 registered GRMN shares in three separate open-market transactions. Together, these tranches total 1,152 shares reported as disposed in this filing.

What GRMN holdings does Joshua H. Maxfield report after the July 31, 2026 transactions?
Maxfield reports indirect ownership of 534.5900 registered shares through a 401(k) Plan. A footnote also states his beneficial holdings include 6,355 unvested RSU shares and 73 ESPP shares acquired in June 2026.

Were Joshua H. Maxfield’s GRMN sales made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, and footnotes do not reference any trading plan. Based on this disclosure, the reported 1,152-share sale is not identified as occurring under a pre-arranged Rule 10b5-1 plan.
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*
MAXFIELD JOSHUA H
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
VP, General Counsel
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026		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)

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 Shares07/31/2026S272D$289.1515(1)15,922(2)D
Registered Shares07/31/2026S438D$291.3217(3)15,484(2)D
Registered Shares07/31/2026S442D$292.1657(4)15,042(2)D
Registered Shares534.59IBy 401(k) Plan
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 transaction was executed in multiple trades at prices ranging from $289.15 to $289.17. 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.
2. Includes 6,355 unvested shares acquired pursuant to previously granted restricted stock unit awards and 73 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.
3. This transaction was executed in multiple trades at prices ranging from $290.87 to $291.66. 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.
4. This transaction was executed in multiple trades at prices ranging from $291.88 to $292.31. 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 Joshua H. Maxfield07/31/2026
** 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