Douglas G. Boessen - 25 Feb 2026 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
CFO and Treasurer
Signature
/s/ Paul E. Cassat, as attorney-in-fact for Douglas G. Boessen
Issuer symbol
GRMN
Transactions as of
25 Feb 2026
Net transactions value
-$1,817,967
Form type
4
Filing time
27 Feb 2026, 18:00:12 UTC
Previous filing
20 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Boessen Douglas G. CFO and Treasurer 1200 E. 151ST ST., OLATHE /s/ Paul E. Cassat, as attorney-in-fact for Douglas G. Boessen 27 Feb 2026 0001450652

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability $940,427 -3,732 -11% $251.99 31,536 25 Feb 2026 Direct F1, F2
transaction GRMN Registered Shares Sale $354,426 -1,412 -4.5% $251.01 30,124 26 Feb 2026 Direct F2, F3, F4
transaction GRMN Registered Shares Sale $483,859 -1,920 -6.4% $252.01 28,204 26 Feb 2026 Direct F2, F3, F5
transaction GRMN Registered Shares Sale $39,255 -155 -0.55% $253.26 28,049 26 Feb 2026 Direct F2, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 8,476 shares that were acquired by the reporting person pursuant to previously granted restricted stock unit awards vested and were paid to the reporting person. Of these shares, 3,732 shares were withheld to pay a resulting tax liability.
F2 Includes 16,021 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3 Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2025.
F4 This transaction was executed in multiple trades at prices ranging from $250.64 to $251.44. 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.
F5 This transaction was executed in multiple trades at prices ranging from $251.65 to $252.405. 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.
F6 This transaction was executed in multiple trades at prices ranging from $252.95 to $253.36. 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.