Garmin (GRMN) HR VP sells 837 registered shares at $247.2833

Rhea-AI Filing Summary

Garmin Ltd. executive Laurie A. Minard, VP of Human Resources, reported an open-market sale of 837 registered shares of GRMN on February 23, 2026. The weighted average sale price was $247.2833 per share, with trades executed between $247.21 and $247.42. After this transaction, she holds 5,781 shares, including unvested shares from previously granted restricted stock unit awards.

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

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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^*

MINARD LAURIE A

(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, Human Resources

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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	02/23/2026		S		837	D	$247.2833(1)	5,781(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. This transaction was executed in multiple trades at prices ranging from $247.21 to $247.42. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

2. Includes 5,781 unvested shares acquired pursuant to previously granted restricted stock unit awards.

	/s/ Paul E. Cassat, as attorney-in-fact for Laurie A. Minard	02/23/2026
	** 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 Laurie A. Minard?

Garmin reported that Laurie A. Minard, its VP of Human Resources, sold 837 registered shares in an open-market transaction. The sale was reported on a Form 4 insider filing and involved non-derivative equity in Garmin Ltd.

How many Garmin (GRMN) shares did Laurie A. Minard sell and at what price?

Laurie A. Minard sold 837 registered shares of Garmin at a weighted average price of $247.2833 per share. The sale was executed in multiple trades within a narrow intraday price range.

What price range applied to Laurie A. Minard’s Garmin (GRMN) share sale?

The 837-share sale was executed in multiple trades at prices ranging from $247.21 to $247.42 per share. The reported transaction price of $247.2833 represents the weighted average sale price for these trades.

How many Garmin (GRMN) shares does Laurie A. Minard hold after this sale?

After the sale, Laurie A. Minard holds 5,781 Garmin shares. This total includes unvested shares that were acquired under previously granted restricted stock unit awards, as disclosed in the Form 4 footnotes.

Were restricted stock units involved in Laurie A. Minard’s Garmin (GRMN) holdings?

Yes. The 5,781 shares reported as held by Laurie A. Minard include unvested shares acquired through previously granted restricted stock unit awards. These awards are equity-based compensation that convert into registered shares upon vesting.

What type of insider transaction did Garmin (GRMN) disclose for Laurie A. Minard?

Garmin disclosed an open-market sale of non-derivative registered shares by Laurie A. Minard. The Form 4 identifies the transaction with code “S,” meaning a sale in an open market or private transaction under SEC reporting rules.