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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.
Garmin Ltd. President and CEO Clifton A. Pemble reported an award of 26,313 registered shares on February 18, 2026, classified as a grant or other acquisition. These shares relate to a restricted stock unit award granted in February 2025 with performance-based and time-based vesting conditions.
The performance goals for this award have been met, and it is now subject only to time-based vesting in three equal annual installments beginning on February 25, 2026. Following this transaction, Pemble directly holds 161,533 shares of Garmin, which include 96,896 unvested shares from this and prior restricted stock unit awards and 40 shares acquired under the employee stock purchase plan. He also reports indirect ownership of 255 shares held by a child.
Garmin Ltd. executive Philip Straub reported an equity award of 6,978 registered shares. The Form 4 shows these shares were acquired at a price of $0.00 per share as a grant, bringing his directly held stake to 105,792.5 shares after the transaction.
Footnotes explain the 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 goals have been met, and the award now vests based only on time, in three equal annual installments beginning on February 25, 2026. His total holdings include 27,363 unvested shares from this and prior restricted stock unit awards.
Garmin Ltd. reported that co-COO Patrick Desbois acquired 8,574 registered shares on February 18, 2026 through a grant or award, at a stated price of $0.00 per share, indicating this was an equity compensation award rather than an open-market transaction. According to the footnotes, 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 goals have been met 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. After this transaction, Desbois beneficially owned 70,372 shares, which includes 32,919 unvested shares from this and other prior restricted stock unit awards.