Garmin VP has shares withheld for RSU taxes

Garmin Ltd. vice president of information technology Edward J. Link reported an automatic share disposition related to restricted stock units.

Rhea-AI Filing Summary

Garmin Ltd. vice president of information technology Edward J. Link reported an automatic share disposition related to restricted stock units. On February 25, 2026, 792 registered shares were withheld at $251.99 per share to cover taxes due when previously granted restricted stock units vested.

The footnotes state that 2,618 shares from earlier restricted stock unit awards vested and were delivered, with the 792 shares retained for tax withholding rather than sold on the open market. After these transactions, Link directly holds 29,700 shares, including 4,820 unvested restricted stock unit shares.

Insider Trade Summary

Exercise Price or Tax Liability: 792 shares

Exercise Price or Tax Liability 1 txn

Insider LINK EDWARD J.

Role VP, Information Technology

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Registered Shares	792	$251.99	$200K

Holdings After Transaction: Registered Shares — 29,700 shares (Direct)

Footnotes (2)

1. F1. 2,618 shares that were acquired by the reporting person pursuant to previously granted restricted stock unit awards vested and were paid to the reporting person. Of these shares, 792 shares were withheld to pay a resulting tax liability.
2. F2. Includes 4,820 unvested shares acquired pursuant to previously granted restricted stock unit awards.

FAQ

What insider transaction did Garmin (GRMN) report for Edward J. Link?

Garmin reported that VP of Information Technology Edward J. Link had 792 shares withheld to cover taxes on vested restricted stock units. This is coded as a tax-withholding disposition, not an open-market trade, and reflects standard equity compensation processing.

How many Garmin (GRMN) shares vested for Edward J. Link in this Form 4?

A total of 2,618 Garmin shares vested for Edward J. Link from previously granted restricted stock unit awards. These vested shares were delivered to him, with a portion automatically withheld to satisfy the related tax liability as described in the filing footnotes.

At what price were Garmin (GRMN) shares withheld for Edward J. Link’s taxes?

The filing shows 792 Garmin shares withheld at $251.99 per share to cover Edward J. Link’s tax liability. This tax-withholding disposition is reported under transaction code F, indicating payment of taxes by delivering company shares instead of cash.

How many Garmin (GRMN) shares does Edward J. Link hold after this transaction?

After the reported transaction, Edward J. Link directly holds 29,700 Garmin shares. This total includes both previously held stock and the net shares from vested restricted stock units after tax withholding, reflecting his updated direct ownership position in the company.

Does Edward J. Link have unvested Garmin (GRMN) restricted stock units outstanding?

Yes. The footnotes state that Edward J. Link has 4,820 unvested shares from previously granted restricted stock unit awards. These unvested units represent additional potential Garmin equity that will be delivered only if future vesting conditions are satisfied.

Was Edward J. Link’s Garmin (GRMN) transaction an open-market sale?

No. The Form 4 identifies the transaction as a tax-withholding disposition under code F. Shares were withheld to pay taxes when restricted stock units vested, rather than being voluntarily sold in an open-market transaction on a stock exchange.

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Accepted by SEC EDGAR 02/27/2026 - 06:00 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^*

LINK EDWARD J.

(Last) (First) (Middle)

1200 E 151ST ST

(Street)

OLATHE KS 66062

(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)
	VP, Information Technology

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		F		792(1)	D	$251.99	29,700(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. 2,618 shares that were acquired by the reporting person pursuant to previously granted restricted stock unit awards vested and were paid to the reporting person. Of these shares, 792 shares were withheld to pay a resulting tax liability.

2. Includes 4,820 unvested shares acquired pursuant to previously granted restricted stock unit awards.

	/s/ Paul E. Cassat, as attorney-in-fact for Edward J. Link	02/27/2026
	** 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.