Garmin (NYSE: GRMN) aviation EVP receives 6,978-share stock award

Rhea-AI Filing Summary

Garmin Ltd. executive Philip Straub reported an equity award of 6,978 registered shares. The Form 4 shows these shares were acquired at a price of $0.00 per share as a grant, bringing his directly held stake to 105,792.5 shares after the transaction.

Footnotes explain the shares relate to a restricted stock unit award granted in February 2025 that originally had both performance-based and time-based vesting conditions. The performance goals have been met, and the award now vests based only on time, in three equal annual installments beginning on February 25, 2026. His total holdings include 27,363 unvested shares from this and prior restricted stock unit awards.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Straub Philip

Role EVP, Man. Director - Aviation

Type	Security	Shares	Price	Value
Grant/Award	Registered Shares	6,978	$0.00	--

Holdings After Transaction: Registered Shares — 105,792.5 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 27,363 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and other previously granted restricted stock unit awards.

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^*

Straub Philip

(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)
	EVP, Man. Director - Aviation

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		6,978(1)	A	$0	105,792.5(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 27,363 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and other previously granted restricted stock unit awards.

	/s/ Paul E. Cassat, as attorney-in-fact for Philip Straub	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 Philip Straub?

Garmin reported that executive Philip Straub acquired 6,978 registered shares through an equity award. The shares were granted at $0.00 per share and increased his directly held position to 105,792.5 shares following the transaction, according to the Form 4 filing and footnotes.

How were the 6,978 Garmin (GRMN) shares acquired by Philip Straub structured?

The 6,978 shares were acquired via a restricted stock unit award, not an open-market purchase. The award was granted in February 2025 and originally had performance-based and time-based vesting conditions, with performance conditions now satisfied and only time-based vesting remaining for the shares.

What is the vesting schedule for Philip Straub’s Garmin (GRMN) restricted stock units?

The award tied to the 6,978 shares vests in three equal annual installments beginning on February 25, 2026. After performance-based goals were met, only time-based vesting applies, spreading the remaining vesting over three years, as detailed in the Form 4 footnote description.

How many Garmin (GRMN) shares does Philip Straub hold after this Form 4 transaction?

After this grant, Philip Straub directly holds 105,792.5 Garmin shares. This figure includes already vested shares plus 27,363 unvested shares from the February 2025 restricted stock unit award and other previously granted awards, as specified in the Form 4 filing footnotes.

What role does Philip Straub hold at Garmin (GRMN) in connection with this equity award?

Philip Straub serves as Executive Vice President and Managing Director – Aviation at Garmin. The reported stock grant reflects part of his equity-based compensation. The Form 4 identifies him as an officer, and the award structure aligns with long-term incentive practices for senior executives.