MINARD LAURIE A 4

What Happened
Laurie A. Minard, Vice President of Human Resources at Garmin Ltd. (GRMN), reported the sale of 837 shares on February 23, 2026. The shares were sold for a weighted average price of $247.28 per share, producing proceeds of approximately $206,976. The filing reports the transaction as an open-market or private sale (code S).

Key Details

• Transaction date: 2026-02-23.
• Shares sold: 837 at a weighted average price of $247.28 (total ≈ $206,976).
• Price range: trades executed between $247.21 and $247.42 (weighted average reported; reporting person will provide per-trade detail on request) — see footnote F1.
• Ownership after transaction: the excerpt does not state total shares owned after the sale; the filing notes 5,781 unvested restricted stock units are included in reported ownership (footnote F2).
• Filing timeliness: Form 4 filed on 2026-02-23 (transaction and filing dates match), so no late filing indicated.

Context
This was a sale (often routine) and does not by itself indicate insider sentiment about Garmin’s prospects. Footnote F1 clarifies the sale occurred in multiple trades; F2 notes unvested RSUs included in the insider’s reported holdings. Retail investors typically view purchases as more informative than routine sales, but tracking insider activity over time can be useful.