PEMBLE CLIFTON A 4

What Happened
Clifton A. Pemble, President, CEO and Director of Garmin Ltd. (GRMN), was granted 26,313 restricted stock units (transaction code A) on February 18, 2026. The award was reported as acquired at $0.00 per share (typical for compensation awards); no cash purchase or sale occurred. The underlying RSUs will vest over time rather than being immediately deliverable.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20.
• Grant: 26,313 RSUs; reported acquisition price: $0.00 (total reported acquisition value $0).
• Holdings note (Footnote 2): reported holdings include 96,896 unvested shares from the RSU award described in Footnote 1 and other prior RSU grants, plus 40 shares from the Garmin ESPP (Dec 2025). The filing does not report a separate post-transaction total share count beyond these items.
• Vesting (Footnote 1): the RSU award was originally granted in Feb 2025 with both performance and time-based conditions; the performance conditions have been satisfied and the award now vests in three equal annual installments beginning Feb 25, 2026.
• Filing timeliness: filed two days after the transaction date (appears timely).

Context
This was a compensation grant (RSUs), not an open-market purchase or sale. Because the performance hurdles were met, the award is transitioning to time-based vesting — a routine executive compensation event that results in future equity vesting if the executive remains employed. Such grants indicate company compensation decisions but do not by themselves signal an immediate insider buy or sell.