Susan Lyman - 15 Dec 2025 Form 4 Insider Report for GARMIN LTD (GRMN)

Signature
/s/ Paul E. Cassat, as attorney-in-fact for Susan Lyman
Issuer symbol
GRMN
Transactions as of
15 Dec 2025
Net transactions value
-$130,348
Form type
4
Filing time
17 Dec 2025, 18:55:06 UTC
Previous filing
11 Mar 2025
Next filing
20 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
LYMAN SUSAN VP, Consumer Sales & Marketing 1200 E. 151ST ST., OLATHE /s/ Paul E. Cassat, as attorney-in-fact for Susan Lyman 17 Dec 2025 0002011961

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability $130,348 -629 -7.4% $207.23 7,869 15 Dec 2025 Direct F1, F2
transaction GRMN Registered Shares Award $0 +1,746 +22% $0.000000 9,615 15 Dec 2025 Direct F3, F4
holding GRMN Registered Shares 52 15 Dec 2025 By 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2025, 2,135 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those shares, 629 shares were withheld to pay the resulting tax liability.
F2 Includes (i) 5,448 unvested shares acquired pursuant to previously granted restricted stock unit awards and (ii) 66 shares acquired by the reporting person in June 2025 under the Garmin Ltd. Employee Stock Purchase Plan.
F3 On December 15, 2025 the reporting person received a grant of 1,746 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2026.
F4 Includes 7,194 unvested shares acquired pursuant to the December 15, 2025 restricted stock unit award and previously granted restricted stock unit awards.