Boessen Douglas G. 4

What Happened

• Douglas G. Boessen, Garmin’s Chief Financial Officer and Treasurer, was credited with 6,780 restricted stock units (RSUs) on February 18, 2026. The reported acquisition price is $0.00 (award/grant).
• These RSUs are part of a February 2025 award that had both performance and time-based vesting; the performance conditions have been satisfied and the award is now subject only to time-based vesting, with the award vesting in three equal annual installments beginning February 25, 2026.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (filing appears timely).
• Transaction type/code: A — Award/Grant; price reported: $0.00; immediate cash value on the Form 4 is $0.
• Unvested shares: Footnote indicates 24,497 unvested shares include the RSUs described and other previously granted RSUs. The filing does not state total beneficially owned shares after this transaction.
• Footnotes: F1 — performance conditions on the Feb 2025 award satisfied; now only time-based vesting remains (three equal annual installments starting 2/25/2026). F2 — 24,497 unvested shares include this award and other RSUs.
• No 10b5-1 plan, tax-withholding shares, or sales were reported in this filing.

Context

• These RSUs are not an open-market purchase or sale; they are deferred compensation subject to vesting and not immediately liquid shares. Awards like this are common in executive compensation and do not by themselves indicate buying or selling sentiment.