MINARD LAURIE A 4

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.