MAXFIELD JOSHUA H 4

What Happened
Joshua H. Maxfield, Garmin's Vice President and General Counsel, had 2,710 restricted stock units (RSUs) vest on Feb 25, 2026. To satisfy the resulting tax liability, 1,144 of those vested shares were withheld (disposed) at $251.99 per share, totaling approximately $288,277. The remaining 1,566 vested shares were delivered to him.

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-27 (filed within the Form 4 reporting window).
• Withheld/disposed: 1,144 shares at $251.99 per share = $288,277.
• Vested on that date: 2,710 RSU shares; net delivered to insider: 1,566 shares (2,710 − 1,144).
• Reported ownership context: filing notes include 6,355 unvested RSU shares; combining net delivered and unvested equals 7,921 shares referenced in the filing (1,566 delivered + 6,355 unvested).
• Footnote: withholding to cover tax liability (transaction code F) — a routine cashless tax withholding following RSU vesting, not an open-market sale.

Context
This was a tax-withholding disposition tied to an RSU vesting event (routine administrative action), not a directional buy or sell signal. Such withholdings are common when equity awards vest and do not necessarily indicate the insider’s view on the company’s stock.