MINARD LAURIE A 4
4 · GARMIN LTD · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Garmin (GRMN) VP Laurie Minard Sells 912 Shares for Tax Withholding
What Happened
Laurie A. Minard, Vice President of Human Resources at Garmin Ltd., had 1,996 restricted stock units (RSUs) vest on Feb 25, 2026. Of those vested shares, 912 shares were withheld to satisfy the resulting tax withholding obligation — a disposition reported at $251.99 per share for a total of $229,815. The remaining 1,084 vested shares were paid out to the reporting person.
Key Details
- Transaction date: 2026-02-25; withholding disposition: 912 shares at $251.99 each (total ≈ $229,815). Transaction code: F (tax withholding).
- Vested/paid: 1,996 shares vested and were paid; 912 withheld for taxes, 1,084 delivered to the insider.
- Unvested holdings noted: includes 3,785 unvested RSU shares (per footnote).
- Filing: Form 4 filed 2026-02-27 (not marked late).
Context
This was an administrative tax-withholding disposition tied to RSU vesting, not an open-market sale or purchase. Such withholdings are routine and do not necessarily indicate the insider’s market view.
Insider Transaction Report
Form 4
GARMIN LTDGRMN
MINARD LAURIE A
VP, Human Resources
Transactions
- Tax Payment
Registered Shares
[F1][F2]2026-02-25$251.99/sh−912$229,815→ 4,869 total
Footnotes (2)
- [F1]1,996 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, 912 shares were withheld to pay a resulting tax liability.
- [F2]Includes 3,785 unvested shares acquired pursuant to previously granted restricted stock unit awards.
Signature
/s/ Paul E. Cassat, as attorney-in-fact for Laurie A. Minard|2026-02-27