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Garmin (GRMN) EMEA managing director sells shares, gains new RSU grant

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Garmin Ltd. executive Sean Biddlecombe reported mixed share activity. He completed an open-market sale of 1,071 registered shares at a weighted average price of $240.7601 per share, leaving 7,884 shares held directly. He also acquired 1,197 shares through a restricted stock unit award that was granted in February 2025 and has satisfied its performance-based conditions, and now vests based only on time in three equal annual installments beginning on February 25, 2026. His direct holdings include 4,970 unvested shares from this and earlier restricted stock unit awards.

Positive

  • None.

Negative

  • None.
Insider Biddlecombe Sean
Role Managing Director, EMEA
Sold 1,071 shs ($258K)
Type Security Shares Price Value
Sale Registered Shares 1,071 $240.7601 $258K
Grant/Award Registered Shares 1,197 $0.00 --
Holdings After Transaction: Registered Shares — 7,884 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 4,970 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and other previously granted restricted stock unit awards. This transaction was executed in multiple trades at prices ranging from $240.24 to $241.02. 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.
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*
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)
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 1,197(1) A $0 8,955(2) D
Registered Shares 02/20/2026 S 1,071 D $240.7601(3) 7,884(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 4,970 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and other previously granted restricted stock unit awards.
3. This transaction was executed in multiple trades at prices ranging from $240.24 to $241.02. 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.
/s/ Paul E. Cassat, as attorney-in-fact for Sean Biddlecombe 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Garmin (GRMN) executive Sean Biddlecombe report?

Sean Biddlecombe reported an open-market sale of 1,071 Garmin registered shares and an acquisition of 1,197 shares via a restricted stock unit award. The filing shows both a sale and a grant-related acquisition in his direct holdings.

How many Garmin (GRMN) shares did Sean Biddlecombe sell and at what price?

He sold 1,071 registered Garmin shares in an open-market transaction at a weighted average price of $240.7601 per share. The sale was executed in multiple trades between $240.24 and $241.02, according to the detailed footnote.

What type of Garmin (GRMN) share award did Sean Biddlecombe receive?

He acquired 1,197 Garmin shares through a restricted stock unit award granted in February 2025. The award initially had performance-based and time-based vesting conditions; performance goals are now satisfied, leaving only time-based vesting requirements in place.

When will Sean Biddlecombe’s new Garmin (GRMN) restricted stock units vest?

The 1,197-share restricted stock unit award will vest in three equal annual installments beginning on February 25, 2026. This means one-third of the award vests each year, subject to the time-based conditions described in the filing.

How many Garmin (GRMN) shares does Sean Biddlecombe hold after these transactions?

After the reported transactions, he directly holds 7,884 registered shares. This total includes 4,970 unvested shares from the February 2025 restricted stock unit award and other previously granted restricted stock unit awards, as outlined in the footnotes.

What does the Garmin (GRMN) Form 4 say about Sean Biddlecombe’s unvested shares?

The Form 4 notes that his direct holdings include 4,970 unvested shares from the February 2025 restricted stock unit award and from earlier restricted stock unit grants. These unvested shares are subject to their respective vesting schedules and conditions.