LINK EDWARD J. 4

What Happened
Edward J. Link, Vice President, Information Technology at Garmin Ltd. (GRMN), was granted 1,995 restricted stock units (RSUs) on 2026-02-18. The reported acquisition price is $0.00, reflecting a compensation award rather than a market purchase or sale. The RSUs were originally granted in February 2025 with both performance- and time-based vesting; the performance conditions have been satisfied and these units now vest solely on a time-based schedule.

Key Details

• Transaction date: 2026-02-18; filing date: 2026-02-20 (filed within standard Form 4 timing).
• Transaction type/code: Award/Grant (A). Price reported: $0.00. Shares acquired: 1,995 RSUs.
• Vesting: Award vests in three equal annual installments beginning February 25, 2026 (per Footnote 1).
• Holdings reported (Footnote 2): filing notes 7,438 unvested shares (including these 1,995 RSUs and other prior RSU grants) and 51 shares from the Garmin ESPP acquired in Dec 2025.
• No indication of a 10b5-1 plan, cashless exercise, tax-withholding sale, or late filing noted in the Form 4.

Context
This is a compensation grant (RSUs), not an outright purchase or sale, so it reflects standard equity pay/retention rather than a direct insider market view. Because the RSUs vest over time, the economic interest is subject to future vesting conditions (time-based only for these units), and shares will become available to Link as each installment vests. For retail investors, awards signal company retention/incentive practices but do not carry the same immediate market-interpretation value as open-market insider purchases or sales.