Garmin EMEA executive gets RSU grant, tax shares withheld

Garmin Ltd managing director for EMEA Sean Biddlecombe reported equity compensation activity on December 15, 2025.

Rhea-AI Filing Summary

Garmin Ltd managing director for EMEA Sean Biddlecombe reported equity compensation activity on December 15, 2025. 1,225 restricted stock unit shares vested, with 577 shares withheld to cover tax liability, and he received a new grant of 747 restricted stock units that vest in three annual installments. After these transactions he holds 7,758 registered shares directly and 3,773 unvested RSU shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Biddlecombe Sean

Role Managing Director, EMEA

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Registered Shares	577	$207.23	$120K
Grant/Award	Registered Shares	747	$0.00	$0.00

Holdings After Transaction: Registered Shares — 7,758 shares (Direct)

Footnotes (4)

1. F1. 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. F2. Includes 3,026 unvested shares acquired pursuant to previously granted restricted stock unit awards.
3. F3. 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. F4. Includes 3,773 unvested shares acquired pursuant to the December 15, 2025 restricted stock unit award and previously granted restricted stock unit awards.

Key Figures

RSU shares vested: 1,225 shares Shares withheld for taxes: 577 shares New RSU grant: 747 restricted stock units +3 more

6 metrics

RSU shares vested 1,225 shares Restricted stock unit awards vested on December 15, 2025

Shares withheld for taxes 577 shares Withheld from vested RSU shares to pay tax liability on December 15, 2025

New RSU grant 747 restricted stock units Grant received on December 15, 2025, vesting in three equal annual installments

Registered shares held 7,758 shares Direct registered share holdings after the reported transactions

Unvested RSU shares 3,773 shares Unvested shares from RSU awards including the December 15, 2025 grant and prior awards

Tax withholding price $207.23 per share Per-share value used for the 577-share tax-withholding disposition

Key Terms

restricted stock unit awards, tax liability, vest in three equal annual installments

3 terms

restricted stock unit awards financial

"shares that were acquired pursuant to previously granted restricted stock unit awards vested"

Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.

tax liability financial

"577 shares were withheld to pay the resulting tax liability"

vest in three equal annual installments financial

"restricted stock units, which vest in three equal annual installments"

FAQ

What transactions did Garmin (GRMN) executive Sean Biddlecombe report on December 15, 2025?

On December 15, 2025, Sean Biddlecombe reported 1,225 RSU shares vesting, with 577 shares withheld for taxes, and a new grant of 747 restricted stock units. These events reflect equity compensation rather than open-market trading.

How many RSU shares vested for Sean Biddlecombe at Garmin (GRMN) on December 15, 2025?

On that date, 1,225 restricted stock unit shares vested and were released to Sean Biddlecombe. Of these, 577 shares were withheld to satisfy the resulting tax liability, while the remaining vested shares were delivered to him.

What new RSU grant did Garmin (GRMN) award Sean Biddlecombe?

Sean Biddlecombe received a grant of 747 restricted stock units on December 15, 2025. These RSUs vest in three equal annual installments beginning December 15, 2026, adding to his existing unvested equity-based compensation.

How many Garmin (GRMN) registered shares does Sean Biddlecombe hold after the reported Form 4?

Following the December 15, 2025 compensation events, Sean Biddlecombe holds 7,758 registered shares directly. This figure reflects his post-transaction share position as reported in the holdings information accompanying the Form 4 filing.

What unvested RSU holdings does Sean Biddlecombe have at Garmin (GRMN)?

After the December 15, 2025 grant, Sean Biddlecombe has 3,773 unvested shares acquired through restricted stock unit awards. This total includes unvested shares from the new RSU grant and from previously granted RSU awards.

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Accepted by SEC EDGAR 12/17/2025 - 06:55 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^*

Biddlecombe Sean

(Last) (First) (Middle)

LIBERTY HOUSE

HOUNSDOWN BUSINESS PARK

(Street)

SOUTHAMPTON X0 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)
			Code	V	Amount	(A) or (D)	Price
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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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.