Straub Philip 4

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.