STOCK TITAN
  1. Home
  2. Sec-filings
  3. GRMN
  4. [Form 4] GARMIN LTD Insider Trading Activity

Garmin (NYSE: GRMN) director granted 753 RSUs; 215 shares withheld for tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Garmin Ltd. director Susan M. Ball reported routine equity compensation activity. On June 5, she acquired 753 registered shares at no cost through a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan; this award vests on June 5, 2027.

On June 6, 858 previously granted restricted stock units vested and were released to her, and 215 of those shares were withheld to cover a resulting tax liability, a disposition classified as a tax-withholding transaction rather than an open-market sale. After these transactions, she directly holds 2,388 registered shares, including 753 unvested shares from the new award.

Positive

  • None.

Negative

  • None.
Insider Ball Susan M.
Role null
Type Security Shares Price Value
Tax Withholding Registered Shares 215 $236.57 $51K
Grant/Award Registered Shares 753 $0.00 --
Holdings After Transaction: Registered Shares — 2,388 shares (Direct, null)
Footnotes (1)
  1. Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests on June 5, 2027. Includes the 753 unvested shares acquired pursuant to the restricted stock unit award described in Footnote 1 and 858 shares acquired pursuant a previously granted restricted stock unit award. 858 shares that were acquired pursuant to an award of restricted stock units on June 6, 2025 vested and were released to the reporting person. Of these 858 shares, 215 shares were withheld to pay a resulting tax liability. Includes the 753 unvested shares acquired pursuant to the restricted stock unit award described in Footnote 1.
RSU grant 753 shares Restricted stock unit award on June 5, 2026
Vested RSUs 858 shares Previously granted restricted stock units vested June 6, 2026
Tax withholding 215 shares Shares withheld to pay tax liability on vesting
Post-transaction holdings 2,388 shares Registered shares directly held after reported transactions
Award vesting date June 5, 2027 Vesting date for 753-share RSU award
restricted stock units financial
"Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Non-Employee Directors' Equity Incentive Plan financial
"Grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan."
tax liability financial
"Of these 858 shares, 215 shares were withheld to pay a resulting tax liability."
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Ball Susan M.
(Last)(First)(Middle)
MUEHLENTALSTRASSE 36/38
(Street)
SCHAFFHAUSENSWITZERLAND8200
(City)(State)(Zip)
SWITZERLAND
(Country)		2. Issuer Name and Ticker or Trading Symbol
GARMIN LTD [ GRMN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Registered Shares06/05/2026A753(1)A$02,603(2)D
Registered Shares06/06/2026F215(3)D$236.572,388(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests on June 5, 2027.
2. Includes the 753 unvested shares acquired pursuant to the restricted stock unit award described in Footnote 1 and 858 shares acquired pursuant a previously granted restricted stock unit award.
3. 858 shares that were acquired pursuant to an award of restricted stock units on June 6, 2025 vested and were released to the reporting person. Of these 858 shares, 215 shares were withheld to pay a resulting tax liability.
4. Includes the 753 unvested shares acquired pursuant to the restricted stock unit award described in Footnote 1.
/s/ Paul E. Cassat, as attorney-in-fact for Susan M. Ball06/09/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Garmin (GRMN) director Susan M. Ball report?

Susan M. Ball reported a grant of 753 registered shares via restricted stock units and a tax-withholding disposition of 215 shares. These arose from director equity awards and vesting, not open-market buying or selling activity.

How many Garmin (GRMN) shares did Susan M. Ball acquire in the latest award?

She acquired 753 registered shares through a restricted stock unit grant. The grant was made under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan and represents additional equity-based compensation for her board service.

When do Susan M. Ball’s newly granted Garmin (GRMN) restricted stock units vest?

The 753 restricted stock units granted to Susan M. Ball vest on June 5, 2027. Vesting means the shares become fully hers at that date, assuming continued service and satisfaction of plan conditions.

Why were 215 Garmin (GRMN) shares withheld from Susan M. Ball’s vesting event?

Of 858 vested shares from a prior restricted stock unit award, 215 shares were withheld to pay a resulting tax liability. This tax-withholding disposition is a common, non-market mechanism to satisfy taxes on equity compensation.

How many Garmin (GRMN) shares does Susan M. Ball hold after these transactions?

After the reported transactions, Susan M. Ball directly holds 2,388 registered shares. This total includes 753 unvested shares from the new restricted stock unit award that will vest on June 5, 2027, if conditions are met.

Do Susan M. Ball’s Garmin (GRMN) Form 4 transactions reflect open-market trades?

No, the transactions reflect equity compensation and tax withholding. She received 753 shares via a restricted stock unit grant and had 215 shares withheld for taxes upon vesting, rather than buying or selling shares in the open market.