Garmin Form 4 Filings

GARMIN LTD (GRMN) director Jonathan Burrell reported multiple bona fide gift transactions in Registered Shares on August 17–18, 2026, involving grantor retained annuity trusts (GRATs) and family trusts. The filings cover 1,780,000 gifted shares across nine trust-related transfers, all at a reported price of $0.00 per share, reflecting non-sale gifts rather than market trades. The trusts and GRATs hold the shares, and Burrell disclaims beneficial ownership except to the extent of his pecuniary interests. After these transactions, he reports 9,889 securities held directly, consisting of 9,136 Registered Shares and unvested RSUs for 753 shares vesting June 5, 2027, plus 394,478 Registered Shares held indirectly through LLCs managed by him.

GARMIN LTD director Jonathan Burrell reported a series of bona fide gift transfers of Garmin registered shares on August 10, 2026. Indirect holdings in multiple grantor retained annuity trusts (GRATs) disposed of 90,000 and 298,000 shares in separate transactions, while related trusts received matching gifts of 298,000 and 90,000 shares. All gifts were recorded at $0.00 per share. Burrell reports both direct and indirect holdings, with certain positions held through GRATs, LLCs, and a revocable trust, and disclaims beneficial ownership beyond his pecuniary interests.

Garmin Ltd director Jonathan Burrell reported multiple bona fide gifts of Registered Shares on August 3–4, 2026, involving grantor retained annuity trusts (GRATs), LLCs, and other trusts for which he serves as co-trustee or manager. These acquisitions and dispositions by the entities total 1,685,332 shares at $0.00 per share. After these moves, reported indirect holdings include 2,133,300 shares in certain GRATs and 1,648,966 shares in a trust, while he directly holds 9,889 Registered Shares and RSUs, including 753 RSUs vesting on June 5, 2027; for several GRATs and his mother’s trust he disclaims beneficial ownership beyond his pecuniary interest.

Garmin Ltd. executive Philip Straub, EVP and Managing Director – Aviation, reported a bona fide gift of 670.0000 registered shares on August 4, 2026. After this disposition, he directly holds 100888.5000 Garmin shares, and the gifted shares went to a charitable organization.

Garmin Ltd. Executive Chairman Min H. Kao reported a bona fide gift of 3,090 Registered Shares that were held indirectly through M&F Trust to a charitable organization. After this gift, M&F Trust holds 6,223,003 Garmin shares, and additional indirect holdings for his children total 11,927,217 shares.

Garmin Ltd. (GRMN) reporting person Sean Biddlecombe, Managing Director, EMEA, sold 986 Registered Shares on July 31, 2026 at a weighted average price of $292.8795 per share, through multiple trades between $292.62 and $293.26. After this sale, he directly holds 6,021 shares, including 3,107 unvested shares from restricted stock unit awards. The filing indicates the trade was not made under a Rule 10b5-1 trading plan.

Garmin Ltd. vice president and general counsel Joshua H. Maxfield reported selling a total of 1,152 registered shares of Garmin on July 31, 2026. The sales were executed in three open-market transactions of 272, 438, and 442 shares at weighted average prices of $289.1515, $291.3217, and $292.1657 per share, respectively, each based on multiple trades within disclosed price ranges.

Maxfield also reports indirect ownership of 534.5900 registered shares through a 401(k) Plan. Footnote disclosure states that his beneficial holdings include 6,355 unvested shares from restricted stock unit awards and 73 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan.

Garmin Ltd. director, President and CEO Clifton A. Pemble reported selling 4,029 registered shares of Garmin on July 29, 2026 at $300.00 per share in a sale described as an open market or private transaction, carried out pursuant to a Rule 10b5-1 trading plan adopted on March 3, 2026.

Following this transaction, Pemble directly holds 120,127 Garmin shares, which include 62,180 unvested shares from previously granted restricted stock unit awards and 81 shares acquired in June 2026 under the Garmin Ltd. Employee Stock Purchase Plan. He also notes no longer having a reportable beneficial interest in 255 shares owned by his child that were included in prior reports.

Garmin Ltd.'s Executive Chairman Min H. Kao reported charitable gifts of Garmin registered shares held indirectly. On June 11, 2026, entities associated with him made three bona fide gift transfers totaling 11,005 registered shares, including 4,235 shares held by the M&F Trust and two gifts of 3,385 shares each held "By Children." These shares were gifted to a charitable organization and involved no sale proceeds, with a reported transaction price of $0.00 per share. After the gifts, the filing shows indirect holdings of 6,226,093 registered shares for the M&F Trust and 11,927,217 and 11,930,602 registered shares in the two Children accounts, indicating substantial remaining positions.

Garmin Ltd. director Jonathan Burrell reported non-market transfers involving entities he helps oversee. On June 11, 2026, trusts and grantor retained annuity trusts associated with him made bona fide gifts totaling 644,000 Registered Shares, split into two gifts of 322,000 shares each.

These securities are held indirectly through multiple family trusts, GRATs, and LLCs where Burrell is a trustee or manager and often disclaims beneficial ownership beyond his pecuniary interest. He also reports direct ownership of 9,889 Registered Shares and unvested RSUs that can settle only in Registered Shares.

Garmin Ltd. director Joseph J. Hartnett filed an amended insider trading report showing an open-market sale of 643 Registered Shares of Garmin on June 9, 2026 at a corrected price of $236.09 per share. The amendment fixes an earlier typographical error that had reported a higher sale price. After this transaction, Hartnett directly holds 21,277 Garmin shares, which include 753 unvested shares from a previously granted restricted stock unit award.

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.

Garmin Ltd. director Joseph J. Hartnett reported a mix of equity compensation activity and a small share sale. He received 753 registered shares on June 5, 2026 as a restricted stock unit award that will vest on June 5, 2027. On June 6, 2026, 858 previously granted restricted stock units vested; 215 of those shares were withheld to cover a tax liability. On June 9, 2026, he sold 643 registered shares in an open-market transaction at $263.57 per share, leaving him with 21,277 shares held directly.

Garmin Ltd. director Catherine A. Lewis reported routine equity compensation activity. On June 5, 2026 she acquired 753 registered shares at no cost through a restricted stock unit grant under the 2011 Non-Employee Directors' Equity Incentive Plan; this award vests on June 5, 2027. On June 6, 2026, 858 shares from an earlier RSU award vested, and 215 of those shares were disposed of to cover the resulting tax liability, a tax-withholding transaction rather than an open-market sale. After these transactions, she directly held 7,945 registered shares, including 753 unvested RSU shares.

Garmin Ltd. reported that its CFO and Treasurer, Douglas G. Boessen, sold a total of 2,000 registered shares in open-market transactions on June 5, 2026. The sales occurred in multiple trades at prices generally between about $236 and $239 per share.

The transactions were carried out pursuant to a Rule 10b5-1 trading plan that Boessen adopted on March 2, 2026, indicating they were pre‑scheduled rather than discretionary. After these sales, he continues to hold Garmin equity, including 16,021 unvested shares from previously granted restricted stock unit awards.

Garmin Ltd. director Jonathan Burrell reported routine equity compensation and related tax withholding. He acquired 753 registered shares through a restricted stock unit grant under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan, scheduled to vest on June 5, 2027.

A prior restricted stock unit award from June 6, 2025 released 858 shares, of which 215 shares were withheld at $236.57 per share to pay the resulting tax liability. Following these direct transactions, he holds 9,889 registered shares directly, alongside substantial indirect holdings through trusts, GRATs, and LLCs where he serves as trustee or manager and disclaims beneficial ownership beyond his pecuniary interests.

Garmin Ltd director Jonathan Burrell reported several indirect transactions in Registered Shares, primarily classified as bona fide gifts. The filing shows gift transfers totaling 40,000 shares, made at a reported price of $0.00 per share, indicating non-market, no‑consideration dispositions.

The gifted shares were held indirectly through grantor retained annuity trusts (GRATs) and trusts where Burrell serves as co‑trustee, and he disclaims beneficial ownership beyond his pecuniary interests. After these transactions, he continues to report substantial indirect holdings in Registered Shares through GRATs, trusts, and LLCs, along with 8,493 directly reported shares plus unvested RSUs scheduled to vest as to 858 shares on June 6, 2026.

GARMIN LTD Executive Chairman Min H. Kao reported charitable gifts of company stock. On May 22, 2026, entities associated with Kao made bona fide gifts totaling 14,760 Registered Shares of Garmin common stock. These were indirect holdings, attributed to the M&F Trust and accounts held for his children.

The gifts were made at no stated price and, according to a footnote, the shares were donated to a charitable organization. These are not open-market sales and do not reflect trading activity in Garmin shares. Each related account continues to report multi-million-share indirect holdings after the transactions.

Garmin Ltd. director Jonathan Burrell reported non-market gift transfers of Registered Shares held through related entities. Entities associated with him made bona fide gifts totaling 540,000 Registered Shares, including 182,000 shares from a trust that then held no shares and 182,000 shares from GRATs that continued to hold 4,591,752 shares.

The filing also shows ongoing indirect holdings through multiple trusts, GRATs and LLCs, plus 9,351 Registered Shares held directly. A footnote states this direct stake consists of 8,493 Registered Shares and unvested RSUs that can be settled only in Registered Shares, with 858 RSUs scheduled to vest on June 6, 2026.

Garmin Ltd. director Jonathan Burrell reported a series of bona fide gifts totaling 870,000 Registered Shares on May 8, 2026. The transactions were coded “G” and described as gift transfers, meaning they were not open‑market sales or purchases.

The gifts were made through multiple entities, including trusts, grantor retained annuity trusts (GRATs) and LLCs associated with Burrell. After these transfers, Form 4 entries show large remaining indirect positions, including 4,497,752 Registered Shares held by GRATs and 1,018,443 Registered Shares held by a trust. Footnotes note that Burrell serves as trustee or manager of these entities and generally disclaims beneficial ownership except to the extent of his pecuniary interests.

Garmin Ltd. Vice President of Human Resources Laurie A. Minard reported selling a total of 1,084 registered shares of Garmin common stock in open-market transactions on May 8, 2026. The reported weighted average sale prices were about $241.98 and $242.59 per share for the two trades.

According to a footnote, Minard’s holdings include 3,785 unvested shares acquired through previously granted restricted stock unit awards. Each reported transaction was executed in multiple smaller trades within stated price ranges, with full trade-by-trade details available upon request.

Garmin Ltd director Jonathan Burrell reported estate-planning moves rather than market trades. On May 5, 2026, entities associated with him made bona fide gifts of 800,000 Registered Shares of Garmin stock, split between trust and GRAT holdings, at $0.00 per share.

After these gifts, Burrell continues to hold sizable indirect positions, including 962,443 Registered Shares by trust, 1,849,700 Registered Shares by GRATs and 394,478 Registered Shares by LLCs, along with 9,351 shares held directly. His direct holdings include unvested RSUs that vest as to 858 shares on June 6, 2026. The filing characterizes the transfers as gifts, not open-market sales, so they do not reflect a change in trading outlook.

Garmin Ltd. director Jonathan Burrell reported large non-market gifts of Garmin Registered Shares made through trusts and GRATs associated with him. The filing shows three bona fide gift transactions totaling 587,934 shares, all at a reported price of $0.00 per share, meaning no sale proceeds were received.

These dispositions were executed by trusts and grantor retained annuity trusts where Burrell serves as co-trustee or manager and often holds only a pecuniary remainder interest. After these gifts, the entities continue to hold significant indirect positions, including 1,592,300 registered shares in one trust and 4,342,752 registered shares in certain GRATs, while Burrell also holds 9,351 shares directly and additional indirect stakes via other trusts and LLCs.

Garmin Ltd. director Jonathan Burrell reported a series of bona fide gifts of Garmin Registered Shares. On March 12–13, 2026, entities associated with him, including multiple grantor retained annuity trusts (GRATs) and trusts, made gifts totaling 1,186,000 Registered Shares, all at a reported price of $0.00 per share, indicating non-market, no-cash transfers.

The shares are held indirectly through GRATs, trusts and LLCs where Burrell often serves as co‑trustee or manager and in many cases disclaims beneficial ownership beyond his pecuniary interest. He also continues to hold 9,351 Registered Shares directly, along with additional indirect holdings after these gifts.

Garmin Ltd. director Jonathan Burrell reported indirect gifts of company stock held in estate-planning vehicles. On March 11, 2026, entities associated with him made bona fide gifts totaling 701,600 Registered Shares, distributed across grantor retained annuity trusts (GRATs) and other trusts. These transfers were recorded at a price of $0.00 per share, reflecting that they were gifts rather than market sales, so no trading proceeds were realized. After these transactions, the filing shows Burrell still indirectly holds several million Garmin shares through GRATs, trusts, and LLCs, along with a smaller direct position. Footnotes state he is co‑trustee or manager of these entities and disclaims beneficial ownership except to the extent of his pecuniary interest. The filing also notes unvested RSUs that can settle only in Registered Shares, with 858 RSUs scheduled to vest on June 6, 2026.

Garmin Ltd. executive Edward J. Link, Vice President of Information Technology, sold 1,275 registered shares in an open-market transaction on March 10, 2026 at a weighted average price of $243.6445 per share. The sale was executed in multiple trades at prices ranging from $243.105 to $243.89. Following this transaction, he directly holds 28,425 registered shares, including 4,820 unvested shares from previously granted restricted stock unit awards.

Garmin Ltd. director and CEO Clifton A. Pemble reported multiple share transactions. On February 26, 2026, he made open-market sales totaling 19,914 registered shares at weighted average prices ranging from about $249 to $253, under a Rule 10b5-1 trading plan adopted on February 28, 2025.

He also made a bona fide gift of 2,742 registered shares to a charitable organization and had 14,802 shares withheld on February 25, 2026 to cover taxes from the vesting of 34,716 shares from previously granted restricted stock unit awards. After these transactions, he directly owned 124,075 registered shares, plus 255 registered shares held indirectly by a child, and his holdings include 62,180 unvested shares from earlier restricted stock unit grants.

Garmin Ltd vice president and general counsel Joshua H. Maxfield reported share movements tied to restricted stock units. On 2,710 vested shares, 1,144 registered shares were withheld at $251.99 per share to cover tax liabilities, a tax-withholding disposition rather than an open-market sale.

After this withholding, Maxfield directly held 16,121 registered shares and indirectly held 530.1555 registered shares through a 401(k) plan. His holdings also include 6,355 unvested shares from previously granted restricted stock unit awards.

Garmin Ltd co-COO Bradley C. Trenkle reported a tax-withholding share disposition related to vested equity awards. On this Form 4, 3,366 registered shares were disposed of at a reported price of $251.99 per share to satisfy a resulting tax liability.

Footnotes show that 7,549 shares from previously granted restricted stock unit (RSU) awards vested and were paid to him, with a portion withheld for taxes. After this transaction, he directly owns 47,829 shares, including 15,565 unvested shares from prior RSU grants.

Garmin Ltd. vice president of information technology Edward J. Link reported an automatic share disposition related to restricted stock units. On February 25, 2026, 792 registered shares were withheld at $251.99 per share to cover taxes due when previously granted restricted stock units vested.

The footnotes state that 2,618 shares from earlier restricted stock unit awards vested and were delivered, with the 792 shares retained for tax withholding rather than sold on the open market. After these transactions, Link directly holds 29,700 shares, including 4,820 unvested restricted stock unit shares.

Garmin Ltd. executive Matthew Munn reported multiple stock transactions involving company registered shares. On February 26, 2026, he completed two open-market sales totaling 5,275 shares at weighted average prices of $250.8997 and $251.5226 per share, leaving 9,876–10,476 shares held directly after these sales as reported in the line items.

On February 25, 2026, 4,972 shares from previously granted restricted stock unit awards vested and were delivered, with 1,591 shares withheld to cover tax liabilities through a disposition at $251.99 per share. The holdings also include 9,638 unvested shares from earlier restricted stock unit awards.

Garmin Ltd. CFO and Treasurer Douglas G. Boessen reported multiple share dispositions. On February 26, 2026, he executed three open-market sales totaling 3,487 registered shares at weighted average prices around $251–$253, under a Rule 10b5-1 trading plan adopted on March 3, 2025.

On February 25, 2026, 8,476 shares from previously granted restricted stock units vested and were delivered, with 3,732 shares withheld to cover tax obligations. After these transactions, he directly held 28,049 registered shares, which the filing notes include 16,021 unvested shares from restricted stock unit awards.

Garmin Ltd. vice president Laurie A. Minard reported an automatic share disposition related to restricted stock units. On the vesting of 1,996 shares from previously granted restricted stock unit awards, 912 registered shares were withheld at a price of $251.99 per share to cover tax liabilities. After this tax-withholding disposition, Minard beneficially owned 4,869 Garmin shares, including 3,785 unvested shares from earlier restricted stock unit grants.

Garmin Ltd. co-COO Patrick Desbois reported multiple share transactions. On February 26, 2026, he executed three open-market sales of Garmin registered shares totaling 6,694 shares at weighted average prices ranging from $250.475 to $253.48, leaving 58,540 shares held directly afterward.

On February 25, 2026, 11,832 shares from previously granted restricted stock unit awards vested and were delivered, with 5,138 shares disposed of to cover the resulting tax liability. His direct holdings include 21,087 unvested shares from earlier restricted stock unit awards, and the open-market sales were conducted under a Rule 10b5-1 trading plan adopted on August 1, 2025.

Garmin Ltd executive reports tax-related share withholding

Garmin Ltd executive Philip Straub, EVP and Managing Director – Aviation, reported a tax-withholding disposition of 4,234 registered shares on February 25, 2026 at $251.99 per share. This disposition was used to pay taxes on recently vested restricted stock units rather than an open-market sale.

A footnote explains that 9,612 shares from previously granted restricted stock unit awards vested and were delivered, with 4,234 of those shares withheld to cover the resulting tax liability. After this transaction, Straub directly held 101,558.5 shares, including 17,751 unvested shares from earlier restricted stock unit awards.

Garmin Ltd. executive Sean Biddlecombe, Managing Director EMEA, reported a tax-related share withholding tied to vesting restricted stock units. On this Form 4, 877 registered shares were disposed of at $251.99 per share to cover a tax liability when 1,863 previously granted RSU shares vested and were paid to him. After this withholding, he directly owns 7,007 registered shares, which include 3,107 unvested shares from earlier RSU awards.

Garmin Ltd. executive Susan Lyman, VP of Consumer Sales & Marketing, reported multiple share transactions. On February 26, 2026, she made two open-market sales totaling 3,805 registered shares of Garmin stock at weighted average prices of $251.0425 and $252.0936 per share, leaving 7,471 shares held directly afterward.

On February 25, 2026, 3,287 shares from previously granted restricted stock unit awards vested and were paid, with 988 shares withheld to cover tax liabilities in a disposition at $251.99 per share. Lyman also reports 52.14 shares held indirectly through a 401(k) plan and 6,502 unvested shares from earlier restricted stock unit awards.

Garmin Ltd. director Jonathan Burrell reported indirect stock gifts rather than market sales. On February 25, 2026, entities associated with him made two bona fide gifts totaling 334,000 Registered Shares of Garmin, split into 167,000 shares from grantor retained annuity trusts (GRATs) and 167,000 shares from a trust.

After these gifts, the GRATs held 5,000,352 Registered Shares and the trust held 25,000 Registered Shares. Separate holding entries show Burrell with 9,351 Registered Shares directly, and additional indirect holdings of 1,497,500 shares by GRATs, 394,478 shares by LLCs, and 1,447,766 and 1,246,843 shares by trusts. Footnotes explain he is trustee or manager of these entities and disclaims beneficial ownership beyond his economic interest.

GARMIN LTD director Jonathan Burrell reported indirect gifts of company stock made by estate-planning entities associated with him. On February 24, 2026, grantor retained annuity trusts (GRATs) and a trust made two bona fide gifts totaling 800,000 Registered Shares, recorded at $0.00 per share.

After these gifts, Burrell’s direct holdings were 9,351 Registered Shares plus unvested RSUs that settle only in shares, while indirect holdings included 4,833,352 Registered Shares held by GRATs, 394,478 by LLCs, and 1,446,766 and 192,000 shares held by various trusts where he serves as trustee or manager and often disclaims beneficial ownership beyond his pecuniary interest.

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.

GARMIN LTD director Jonathan Burrell reported indirect, non-cash insider transactions involving registered shares. On February 23, 2026, entities associated with him, including grantor retained annuity trusts (GRATs) and a trust, made two bona fide gift transfers of 167,000 registered shares each at $0.00 per share. After these gifts, various GRATs, LLCs and trusts continued to hold large indirect positions, while Burrell also held 9,351 registered shares directly along with restricted stock units that vest as to 858 shares on June 6, 2026. Several trusts and GRATs note that Burrell is co-trustee and that he disclaims beneficial ownership except to the extent of his pecuniary interest.

Garmin Ltd. insider equity award activity: Vice President of Information Technology Edward J. Link reported acquiring 1,995 registered shares of Garmin Ltd. on February 18, 2026 through a grant, award, or other acquisition at a stated price of $0.00 per share. Following this transaction, he directly held a total of 30,492 shares. The filing notes these shares relate to restricted stock units granted in February 2025 that initially had both performance-based and time-based vesting conditions; the performance conditions have been satisfied, and the award is now subject only to time-based vesting. The award is scheduled to vest in three equal annual installments beginning on February 25, 2026. His holdings also include 7,438 unvested shares from this and other restricted stock unit awards and 51 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

Garmin Ltd. vice president and general counsel Joshua H. Maxfield reported the acquisition of 2,394 registered shares as a grant or award on February 18, 2026. These 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-based conditions have been satisfied, and the award now vests based only on time in three equal annual installments beginning on February 25, 2026. After this transaction, Maxfield directly holds 17,265 registered shares, which include 9,065 unvested shares from this and other restricted stock unit awards and 58 shares from an employee stock purchase plan. An additional 530.1555 shares are held indirectly through a 401(k) plan, including 2.3 shares acquired via dividend reinvestment.

Garmin Ltd. vice president of human resources Laurie A. Minard reported an acquisition of 1,596 registered shares at a price of $0.00 per share through a grant or award. These shares relate to a restricted stock unit award granted in February 2025.

The award originally had both performance-based and time-based vesting conditions; the performance conditions have now been satisfied, and it is subject only to time-based vesting. The award will vest in three equal annual installments beginning on February 25, 2026.

After this transaction, Minard directly owns 6,618 shares, which includes 5,781 unvested shares from this and other restricted stock unit awards and 57 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

Garmin Ltd VP Susan Lyman, head of consumer sales and marketing, acquired 2,595 registered shares on February 18, 2026 as a grant or award at a reported price of $0.00 per share. These shares were acquired under a restricted stock unit award granted in February 2025 that originally had both performance-based and time-based vesting conditions. The performance conditions have now been met, and the award is subject only to time-based vesting, scheduled in three equal annual installments beginning on February 25, 2026.

Following this transaction, Lyman directly holds 12,264 registered shares, which includes unvested shares from restricted stock unit awards and shares acquired under the Garmin Ltd. Employee Stock Purchase Plan. She also indirectly holds 52.14 registered shares through a 401(k) plan.

GARMIN LTD Executive Chairman Min H. Kao reported charitable gifts of company stock. On February 20, 2026, entities associated with him made four bona fide gift transfers totaling 14,525 registered shares, at a reported price of $0.00 per share, to a charitable organization.

The transactions were made indirectly through holdings "By Children" and "By M&F Trust." After these gifts, reported indirect holdings included 11,942,319 shares held by children and 6,236,756 shares held by the M&F Trust.

Garmin Ltd. executive Douglas G. Boessen, CFO and Treasurer, reported acquiring 6,780 registered shares of Garmin stock as a grant/award, with no purchase price per share. Following this award, his directly held stake increased to 35,268 shares.

The newly reported 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 conditions have been met, and the award is now subject only to time-based vesting, vesting in three equal annual installments starting on February 25, 2026. The total holdings figure includes 24,497 unvested shares from this and prior restricted stock unit awards.

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.

Garmin Ltd General Manager Cheng-Wei Wang reported an equity award of 1,995 registered shares at a price of $0.00 per share. These shares were acquired through a restricted stock unit award granted in February 2025 that originally had both performance-based and time-based vesting conditions.

The performance-based conditions have been satisfied, and the award is now subject only to time-based vesting, vesting in three equal annual installments beginning on February 25, 2026. Following this acquisition, Wang directly owns 39,391 shares, including 8,288 unvested shares from this and prior restricted stock unit awards and 56 shares acquired under the Garmin Ltd. Employee Stock Purchase Plan.