Munn Matthew 4

What Happened Matthew Munn, EVP and Managing Director – Auto OEM at Garmin Ltd. (GRMN), had 4,972 restricted stock units (RSUs) vest. Of those vested shares, 1,591 were withheld to satisfy tax liability (payment recorded at $251.99/share, $400,916). Separately, Munn sold 4,675 shares at a weighted average price of $250.90 ($1,172,956) and 600 shares at a weighted average price of $251.52 ($150,914) in open-market transactions on 2026-02-26. Total disposed in these reported transactions: 6,866 shares for roughly $1.725 million (with $1.32387M from open-market sales and $400.916K withheld).

Key Details

• Transaction types: F (tax withholding for RSU vest) and S (open-market sales).
• Dates: RSU withholding recorded 2026-02-25; open-market sales executed 2026-02-26; Form 4 filed 2026-02-27 (appears timely).
• Sale prices/ranges: reported weighted averages $250.90 and $251.52; underlying trade ranges were $250.49–$251.45 and $251.495–$251.62 (per filing footnotes F3/F4).
• Vesting/holdings note: Footnote F1 states 4,972 shares vested and 1,591 were withheld for taxes. Footnote F2 indicates the filing includes 9,638 unvested RSU shares in the reporting person's holdings.
• Filing timeliness: Form 4 filed the next day (2/27) — within the usual 2-business-day reporting window.

Context This filing reflects RSU vesting with shares withheld to cover tax obligations plus subsequent open-market sales. Withholding and post-vesting sales are common procedures to cover taxes or rebalance holdings and do not, by themselves, indicate the insider’s view of the company’s prospects. Purchases generally carry more signal for bullish intent; these transactions are disposals related to compensation and routine selling.