Garmin (GRMN) HR vice president sells 1,084 registered shares

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Garmin Ltd. Vice President of Human Resources Laurie A. Minard reported selling a total of 1,084 registered shares of Garmin common stock in open-market transactions on May 8, 2026. The reported weighted average sale prices were about $241.98 and $242.59 per share for the two trades.

According to a footnote, Minard’s holdings include 3,785 unvested shares acquired through previously granted restricted stock unit awards. Each reported transaction was executed in multiple smaller trades within stated price ranges, with full trade-by-trade details available upon request.

Insider Trade Summary

Net Seller: 1,084 shares ($262,365)

Net Sell 2 txns

Insider MINARD LAURIE A

Role VP, Human Resources

Sold 1,084 shs ($262K)

Type	Security	Shares	Price	Value
Sale	Registered Shares	984	$241.9779	$238K
Sale	Registered Shares	100	$242.5893	$24K

Holdings After Transaction: Registered Shares — 3,885 shares (Direct, null)

Footnotes (1)

This transaction was executed in multiple trades at prices ranging from $241.47 to $242.42. 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. Includes 3,785 unvested shares acquired pursuant to previously granted restricted stock unit awards. This transaction was executed in multiple trades at prices ranging from $242.585 to $242.61. 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

Total shares sold: 1,084 shares First transaction size: 100 shares Second transaction size: 984 shares +5 more

8 metrics

Total shares sold 1,084 shares Open-market sales on May 8, 2026

First transaction size 100 shares Registered Shares, open-market sale

Second transaction size 984 shares Registered Shares, open-market sale

Weighted average price (100-share sale) $242.5893 per share Open-market sale on May 8, 2026

Weighted average price (984-share sale) $241.9779 per share Open-market sale on May 8, 2026

Unvested RSU shares 3,785 shares Unvested shares from restricted stock unit awards

Price range for first sale $241.47–$242.42 Multiple trades comprising one reported transaction

Price range for second sale $242.585–$242.61 Multiple trades comprising one reported transaction

Key Terms

open-market sale, restricted stock unit, weighted average sale price, registered shares

4 terms

open-market sale financial

"transaction_action: "open-market sale""

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 unit financial

"unvested shares acquired pursuant to previously granted restricted stock unit awards"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

weighted average sale price financial

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

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.

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 09:55 PM

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^*

MINARD LAURIE A

(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)
	VP, Human Resources

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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	05/08/2026		S		984	D	$241.9779⁽¹⁾	3,885⁽²⁾	D
Registered Shares	05/08/2026		S		100	D	$242.5893⁽³⁾	3,785⁽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)
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. This transaction was executed in multiple trades at prices ranging from $241.47 to $242.42. 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 3,785 unvested shares acquired pursuant to previously granted restricted stock unit awards.

3. This transaction was executed in multiple trades at prices ranging from $242.585 to $242.61. 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 Laurie A. Minard	05/08/2026
	** 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

FAQ

What insider transaction did Garmin (GRMN) report for Laurie A. Minard?

Garmin reported that Vice President of Human Resources Laurie A. Minard sold 1,084 registered shares of Garmin common stock in open-market transactions on May 8, 2026, as disclosed in a Form 4 insider trading report filed with regulators.

At what prices did Laurie A. Minard sell Garmin (GRMN) shares?

Laurie A. Minard’s sales used weighted average prices of approximately $241.98 and $242.59 per share. Footnotes state each transaction was executed in multiple trades within ranges from $241.47 to $242.61, with full trade details available upon request.

How many Garmin (GRMN) shares did Laurie A. Minard sell in total?

Laurie A. Minard sold a total of 1,084 registered Garmin shares, reported as two separate open-market sale transactions of 100 shares and 984 shares on May 8, 2026, according to the Form 4 insider trading disclosure.

What does the Form 4 say about Laurie A. Minard’s remaining Garmin (GRMN) equity?

A footnote indicates Laurie A. Minard’s position includes 3,785 unvested shares acquired under previously granted restricted stock unit awards. These RSUs represent equity-based compensation that has not yet fully vested into unrestricted common shares.

Were Laurie A. Minard’s Garmin (GRMN) stock sales part of a single large trade?

No. The filing explains each reported sale was executed as multiple individual trades within specified price ranges, then reported using a single weighted average price. Detailed trade-by-trade price and share breakdowns are available to interested parties upon request.