Wang Cheng-Wei 4

What Happened

• Wang Cheng‑Wei, General Manager of Garmin Corp., received a grant of 1,995 restricted stock units (RSUs) on 2026-02-18. The grant is reported at $0.00 acquisition price (standard for awards). The RSU award was originally granted in February 2025 with both performance- and time-based conditions; the performance conditions have been met and the award now vests solely based on time.
• The award vests in three equal annual installments beginning February 25, 2026.

Key Details

• Transaction date and type: 2026-02-18 — Award/Grant (Code A). Report filed 2026-02-20 (timely).
• Amount and price: 1,995 RSUs granted; acquisition price reported as $0.00.
• Vesting: Three equal annual installments beginning Feb 25, 2026 (performance conditions already satisfied).
• Holdings note: Footnote 2 states reported holdings include 8,288 unvested shares from this and other RSU awards and 56 shares acquired in Dec 2025 via the employee stock purchase plan.
• Filing timeliness: Form 4 was filed within the required window (filed 2 days after transaction date).

Context

• This is an equity compensation award (not an open‑market purchase or sale). Grants are commonly used for retention and long‑term incentive alignment; they do not by themselves signal an immediate cash investment by the insider.
• Because the performance conditions were already satisfied, the remaining restriction is time-based vesting over the next three years.