Garmin (GRMN) VP of IT gains 1,995 shares through restricted stock unit award

Rhea-AI Filing Summary

Garmin Ltd. insider equity award activity: Vice President of Information Technology Edward J. Link reported acquiring 1,995 registered shares of Garmin Ltd. on February 18, 2026 through a grant, award, or other acquisition at a stated price of $0.00 per share. Following this transaction, he directly held a total of 30,492 shares. The filing notes these shares relate to restricted stock units granted in February 2025 that initially had both performance-based and time-based vesting conditions; the performance conditions have been satisfied, and the award is now subject only to time-based vesting. The award is scheduled to vest in three equal annual installments beginning on February 25, 2026. His holdings also include 7,438 unvested shares from this and other restricted stock unit awards and 51 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

Insights

Equity compensation analyst

Routine RSU vesting and grants modestly increase insider ownership.

The transaction shows Edward J. Link, a Garmin vice president, acquiring 1,995 registered shares via an equity award, with no cash outlay. This is labeled as a grant, award, or other acquisition, not an open-market purchase.

The award originated in February 2025 with both performance and time-based conditions. The performance hurdles are now satisfied, and remaining vesting is purely time-based over three equal annual installments starting February 25, 2026. This structure aligns incentives with longer-term company performance.

After this event, Link holds 30,492 shares, including 7,438 unvested RSU-related shares and 51 shares from the employee stock purchase plan. As disclosed, this appears to be a routine compensation-related equity event rather than a directional bet on the stock, so the impact on the broader investment thesis is limited.

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)
02/18/2026

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	30,492(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 (i) 7,438 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and other previously granted restricted stock unit awards and (ii) 51 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

	/s/ Paul E. Cassat, as attorney-in-fact for Edward J. Link	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 did Garmin (GRMN) executive Edward J. Link report on this Form 4?

Edward J. Link reported acquiring 1,995 registered Garmin shares via an equity award on February 18, 2026. The transaction was coded as a grant or other acquisition at a stated price of $0.00 per share, reflecting compensation rather than an open-market purchase.

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

After the reported transaction, Edward J. Link directly holds 30,492 Garmin shares. This total includes previously held shares plus the 1,995 new shares acquired through the award, along with unvested restricted stock unit shares and shares from the employee stock purchase plan.

What are the vesting terms of Edward J. Link’s Garmin (GRMN) restricted stock units?

The restricted stock units were granted in February 2025 with performance-based and time-based vesting conditions. Performance conditions have been satisfied, and the award will now vest solely based on time, in three equal annual installments starting on February 25, 2026, subject to continued service.

How many unvested Garmin (GRMN) shares does Edward J. Link have?

Edward J. Link’s holdings include 7,438 unvested shares from the February 2025 restricted stock unit award and other prior RSU grants. These unvested shares will generally become full shares over time as vesting conditions are met according to each award’s schedule.

Did Edward J. Link buy Garmin (GRMN) shares on the open market in this Form 4?

No, the Form 4 shows an acquisition coded as a grant, award, or other acquisition, not an open-market purchase. The 1,995 shares were acquired at a stated price of $0.00 per share as part of Garmin’s equity compensation arrangements.

What role does Edward J. Link hold at Garmin (GRMN)?

Edward J. Link serves as Garmin’s Vice President of Information Technology. His Form 4 filing reflects equity compensation activity related to his executive role, including restricted stock units and participation in the Garmin Ltd. Employee Stock Purchase Plan.