Desbois Patrick 4

What Happened
Patrick Desbois, co-chief operating officer of Garmin Ltd. (GRMN), received an award of 8,574 restricted stock units (RSUs) reported on Feb 18, 2026. The filing lists the acquisition price as $0.00 (compensatory award), so no cash was exchanged. This grant stems from a February 2025 RSU 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.

Key Details

• Transaction date: 2026-02-18; reported on Form 4 filed 2026-02-20 (appears timely).
• Transaction type/code: A — Award/Grant; amount acquired: 8,574 RSUs; price reported: $0.00.
• Vesting: The award vests in three equal annual installments beginning February 25, 2026 (see Footnote 1).
• Unvested holdings: Filing notes 32,919 unvested shares attributable to the RSU described and other prior RSU awards (Footnote 2).
• No sale or open-market purchase occurred — this is a compensatory grant to an executive, not a market transaction.

Context
RSU grants to executives are standard compensation and do not necessarily signal a buy or sell decision by the insider. Because the performance conditions on the February 2025 award were met, remaining vesting is time-based, with the next installment beginning Feb 25, 2026. Retail investors should view this as a routine equity compensation event rather than an immediate market vote by the insider.