Garmin (NYSE: GRMN) officer discloses RSU vesting and new award on December 15, 2025

Q: What insider transaction did Garmin (GRMN) report in this filing?

The filing shows that Garmin Ltd officer Sean Biddlecombe had restricted stock units vest and also received a new restricted stock unit award on December 15, 2025 .

Q: How many Garmin restricted stock units vested for the officer in this Form 4?

On December 15, 2025 , 1,225 shares acquired under previously granted restricted stock unit awards vested and were released to the reporting person.

Q: How many Garmin (GRMN) shares were withheld for taxes?

Of the vested shares, 577 shares were withheld to pay the resulting tax liability at a price of $207.23 per share as shown in the transaction table.

Q: What new restricted stock unit grant did the Garmin officer receive?

On December 15, 2025 , the reporting person received a grant of 747 restricted stock units at $0 price, vesting in three equal annual installments beginning on December 15, 2026.

Q: What is Sean Biddlecombe's role at Garmin Ltd?

The filing lists the reporting person as an Officer of Garmin Ltd with the title Managing Director, EMEA .

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Garmin Ltd reported insider equity activity by officer Sean Biddlecombe, Managing Director, EMEA, on December 15, 2025. A total of 1,225 shares from previously granted restricted stock unit awards vested and were released to him, and 577 of those shares were withheld to pay the resulting tax liability at a price of $207.23, leaving him with 7,011 registered shares beneficially owned, including 3,026 unvested shares.

On the same date, he received a new grant of 747 restricted stock units at no cost, which vest in three equal annual installments beginning on December 15, 2026. After this grant, he beneficially owned 7,758 registered shares, including 3,773 unvested shares from this and earlier restricted stock unit awards, all held directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Biddlecombe Sean

Role Managing Director, EMEA

Type	Security	Shares	Price	Value
Tax Withholding	Registered Shares	577	$207.23	$120K
Grant/Award	Registered Shares	747	$0.00	--

Holdings After Transaction: Registered Shares — 7,011 shares (Direct)

Footnotes (1)

On December 15, 2025, 1,225 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those shares, 577 shares were withheld to pay the resulting tax liability. Includes 3,026 unvested shares acquired pursuant to previously granted restricted stock unit awards. On December 15, 2025 the reporting person received a grant of 747 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2026. Includes 3,773 unvested shares acquired pursuant to the December 15, 2025 restricted stock unit award and previously granted restricted stock unit awards.

Form 4 Insider Transactions: What Each Field Means →

12/17/2025 - 06:55 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^*

Biddlecombe Sean

(Last)

(First)

(Middle)

LIBERTY HOUSE

HOUNSDOWN BUSINESS PARK

(Street)

SOUTHAMPTON

SO409LR

(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)
	Managing Director, EMEA

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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)
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	12/15/2025		F		577⁽¹⁾	D	$207.23	7,011⁽²⁾	D
Registered Shares	12/15/2025		A		747⁽³⁾	A	$0	7,758⁽⁴⁾	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. On December 15, 2025, 1,225 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those shares, 577 shares were withheld to pay the resulting tax liability.

2. Includes 3,026 unvested shares acquired pursuant to previously granted restricted stock unit awards.

3. On December 15, 2025 the reporting person received a grant of 747 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2026.

4. Includes 3,773 unvested shares acquired pursuant to the December 15, 2025 restricted stock unit award and previously granted restricted stock unit awards.

	/s/ Paul E. Cassat, as attorney-in-fact for Sean Biddlecombe	12/17/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Garmin (GRMN) report in this filing?

The filing shows that Garmin Ltd officer Sean Biddlecombe had restricted stock units vest and also received a new restricted stock unit award on December 15, 2025.

How many Garmin restricted stock units vested for the officer in this Form 4?

On December 15, 2025, 1,225 shares acquired under previously granted restricted stock unit awards vested and were released to the reporting person.

How many Garmin (GRMN) shares were withheld for taxes?

Of the vested shares, 577 shares were withheld to pay the resulting tax liability at a price of $207.23 per share as shown in the transaction table.

What new restricted stock unit grant did the Garmin officer receive?

On December 15, 2025, the reporting person received a grant of 747 restricted stock units at $0 price, vesting in three equal annual installments beginning on December 15, 2026.

What is Sean Biddlecombe's role at Garmin Ltd?

The filing lists the reporting person as an Officer of Garmin Ltd with the title Managing Director, EMEA.

How many Garmin shares does the officer beneficially own after these transactions?

After the reported transactions, the officer beneficially owned 7,758 registered shares, including 3,773 unvested shares acquired under the December 15, 2025 restricted stock unit award and earlier restricted stock unit awards.