Equity award adds 1,995 shares to Garmin (GRMN) GM Wang’s holdings

Rhea-AI Filing Summary

Garmin Ltd General Manager Cheng-Wei Wang reported an equity award of 1,995 registered shares at a price of $0.00 per share. These shares were acquired through a restricted stock unit award granted in February 2025 that originally had both performance-based and time-based vesting conditions.

The performance-based conditions have been satisfied, and the award is now subject only to time-based vesting, vesting in three equal annual installments beginning on February 25, 2026. Following this acquisition, Wang directly owns 39,391 shares, including 8,288 unvested shares from this and prior restricted stock unit awards and 56 shares acquired under the Garmin Ltd. Employee Stock Purchase Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wang Cheng-Wei

Role General Manager - Garmin Corp.

Type	Security	Shares	Price	Value
Grant/Award	Registered Shares	1,995	$0.00	--

Holdings After Transaction: Registered Shares — 39,391 shares (Direct)

Footnotes (1)

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. Includes 8,288 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and other previously granted restricted stock unit awards and (ii) 56 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Wang Cheng-Wei

(Last) (First) (Middle)

NO. 68, ZHANGSHU 2ND ROAD

XIZHI DISTRICT

(Street)

NEW TAIPEI CITY F5 220-019

(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)
	General Manager - Garmin Corp.

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		1,995(1)	A	$0	39,391(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 8,288 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and other previously granted restricted stock unit awards and (ii) 56 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

	/s/ Paul E. Cassat, as attorney-in-fact for Wang Cheng-Wei	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.
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.

FAQ

What insider transaction did Garmin (GRMN) report for Cheng-Wei Wang?

Garmin reported that General Manager Cheng-Wei Wang acquired 1,995 registered shares through a restricted stock unit award. The shares were granted at $0.00 per share and stem from an award originally granted in February 2025 with performance and time-based vesting conditions.

How do Cheng-Wei Wang’s new Garmin (GRMN) shares vest over time?

The 1,995 shares linked to the restricted stock unit award vest in three equal annual installments. Vesting begins on February 25, 2026, and continues over the following two years, reflecting ongoing time-based service conditions after the performance-based criteria were already satisfied.

What are the performance conditions mentioned in Cheng-Wei Wang’s Garmin award?

The restricted stock unit award granted in February 2025 originally had performance-based and time-based vesting conditions. The filing states that the performance-based vesting conditions have already been satisfied, leaving only time-based vesting for the remaining schedule of three annual installments.

How many Garmin (GRMN) shares does Cheng-Wei Wang own after this Form 4?

After the reported acquisition, Cheng-Wei Wang directly owns 39,391 Garmin shares. This total includes 8,288 unvested shares from this and prior restricted stock unit awards, as well as 56 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

What portion of Cheng-Wei Wang’s Garmin holdings are unvested restricted stock units?

The filing indicates that 8,288 of Cheng-Wei Wang’s Garmin shares are unvested. These unvested shares were acquired through the February 2025 restricted stock unit award described in the footnotes and other previously granted restricted stock unit awards that continue to be subject to vesting conditions.

Did Cheng-Wei Wang buy Garmin shares on the open market in this transaction?

No, the reported 1,995 shares were acquired at a price of $0.00 per share as part of an equity grant. The transaction is classified as a grant, award, or other acquisition of non-derivative registered shares rather than an open-market purchase.