Biddlecombe Sean 4

What Happened

• Sean Biddlecombe, Managing Director, EMEA at Garmin Ltd., sold 1,071 shares in an open-market transaction on Feb 20, 2026 for total proceeds of $257,854 (weighted-average price $240.76). Two days earlier (Feb 18, 2026) the filing shows an acquisition of 1,197 shares reported as an award/grant (RSUs) recorded at $0.00.

Key Details

• Transaction dates: RSU award recorded 2026-02-18; open-market sale executed 2026-02-20.
• Sale details: 1,071 shares sold; weighted-average sale price $240.76; sale executed in multiple trades at prices from $240.24 to $241.02 (filing offers to provide per-trade breakdown on request).
• Award details: 1,197 shares reported as acquired under a restricted stock unit (RSU) award (reported at $0.00).
• Shares held/vesting: Filing notes 4,970 unvested shares tied to the RSU award described and other previously granted RSUs (these remain subject to vesting).
• Filing timeliness: Report filed Feb 20, 2026 (the filing does not indicate a late Form 4).

Context

• The "acquisition" reflects RSUs awarded (not an immediate cash purchase); these RSUs were performance- and time-based, with the performance condition satisfied and remaining subject to time-based vesting (vests in three equal annual installments beginning Feb 25, 2026).
• The open-market sale is a routine disposition of shares and does not itself indicate management’s view on Garmin’s prospects; RSU grants are a common form of compensation and vest over time.