Garmin Ltd. (GRMN) EVP Philip Straub reports RSU vesting and new award

Rhea-AI Filing Summary

Garmin Ltd. executive Philip Straub, EVP and Managing Director – Aviation, reported changes in his Garmin share holdings tied to restricted stock units. On December 15, 2025, 5,904 shares from previously granted RSU awards vested and were released to him, with 2,620 shares withheld at a price of $207.23 per share to cover tax liabilities.

On the same date, Straub received a new grant of 4,740 restricted stock units that vest in three equal annual installments beginning on December 15, 2026. After these transactions, he beneficially owns 98,814.5 Garmin registered shares, which includes 20,385 unvested shares from this new award and earlier RSU grants.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Straub Philip

Role EVP, Man. Director - Aviation

Type	Security	Shares	Price	Value
Tax Withholding	Registered Shares	2,620	$207.23	$543K
Grant/Award	Registered Shares	4,740	$0.00	--

Holdings After Transaction: Registered Shares — 94,074.5 shares (Direct)

Footnotes (1)

1. On December 15, 2025, 5,904 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those shares, 2,620 shares were withheld to pay the resulting tax liability. Includes 15,645 unvested shares acquired pursuant to previously granted restricted stock unit awards. On December 15, 2025 the reporting person received a grant of 4,740 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2026. Includes 20,385 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 →

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)
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		2,620(1)	D	$207.23	94,074.5(2)	D
Registered Shares	12/15/2025		A		4,740(3)	A	$0	98,814.5(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, 5,904 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those shares, 2,620 shares were withheld to pay the resulting tax liability.

2. Includes 15,645 unvested shares acquired pursuant to previously granted restricted stock unit awards.

3. On December 15, 2025 the reporting person received a grant of 4,740 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2026.

4. Includes 20,385 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 Philip Straub	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.

FAQ

What insider stock activity did Garmin (GRMN) executive Philip Straub report?

Philip Straub reported RSU-related activity on December 15, 2025, including vested shares, tax withholding, and a new restricted stock unit grant in Garmin Ltd. shares.

How many Garmin shares were withheld for taxes from Philip Straubs RSU vesting?

Of the 5,904 shares that vested from prior RSU awards, 2,620 shares were withheld to pay the resulting tax liability at a price of $207.23 per share.

What new restricted stock unit grant did Philip Straub receive from Garmin (GRMN)?

On December 15, 2025, Straub received a grant of 4,740 restricted stock units, which vest in three equal annual installments beginning on December 15, 2026.

How many Garmin shares does Philip Straub beneficially own after these transactions?

After the reported transactions, Straub beneficially owns 98,814.5 Garmin registered shares, including shares from vested and unvested restricted stock unit awards.

How many unvested Garmin RSU shares are included in Philip Straubs holdings?

Straubs holdings include 20,385 unvested shares acquired under the December 15, 2025 restricted stock unit award and previously granted RSU awards.

What is Philip Straubs role at Garmin Ltd. (GRMN)?

Philip Straub is identified as an officer of Garmin Ltd., serving as EVP, Managing Director - Aviation.