Straub Philip 4
4 · GARMIN LTD · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Garmin (GRMN) EVP Philip Straub Withholds 4,234 Shares for Taxes
What Happened
Philip Straub, Garmin EVP and Managing Director — Aviation, received 9,612 shares from vested restricted stock units (RSUs) on Feb 25, 2026. Of those, 4,234 shares were withheld to satisfy the resulting tax liability at $251.99 per share, a withholding value of $1,066,926. The remaining 5,378 shares were delivered to him. This was a routine tax-withholding settlement of vested RSUs, not an open-market sale.
Key Details
- Transaction date: 2026-02-25; filing date: 2026-02-27 (appears timely).
- Withheld/disposed shares: 4,234 at $251.99 → $1,066,926 withheld for taxes.
- Gross shares vested: 9,612; net shares delivered to Straub: 5,378.
- Footnote F2: Filing also notes 17,751 unvested shares held under previously granted RSU awards.
- Transaction code: F (payment of exercise price or tax liability) — indicates tax withholding, not a sale (S) or purchase (P).
Context
This was a standard RSU vesting and tax-withholding event (share withholding used to cover taxes). Such withholdings are a common administrative step and do not necessarily indicate insider selling or a change in sentiment. No 10b5-1 plan or other trading plan is referenced in the filing.
Insider Transaction Report
- Tax Payment
Registered Shares
[F1][F2]2026-02-25$251.99/sh−4,234$1,066,926→ 101,558.5 total
Footnotes (2)
- [F1]9,612 shares that were acquired by the reporting person pursuant to previously granted restricted stock unit awards vested and were paid to the reporting person. Of these shares, 4,234 shares were withheld to pay a resulting tax liability.
- [F2]Includes 17,751 unvested shares acquired pursuant to previously granted restricted stock unit awards.