Ball Susan M. 4

What Happened
Susan M. Ball, a director of Garmin Ltd. (GRMN), was granted 753 restricted stock units (RSUs) on June 5, 2026 (award price $0.00). Separately, 215 shares were surrendered/withheld on June 6, 2026 at $236.57 per share to satisfy a tax withholding obligation related to a prior RSU vesting (total value withheld ≈ $50,863). The new 753 RSUs are unvested and vest on June 5, 2027.

Key Details

• Transaction dates: Grant on 2026-06-05 (A); tax withholding/disposition on 2026-06-06 (F). Filing date: 2026-06-09.
• Grant: 753 RSUs @ $0.00 (unvested; vesting date 2027-06-05).
• Tax withholding: 215 shares disposed @ $236.57 = $50,863 (withheld to satisfy tax liability from a prior RSU vesting).
• Footnotes: The 215-share withholding arose from 858 shares that vested from a June 6, 2025 RSU award (215 withheld, 643 delivered). The 753 shares reported are unvested and part of the Non-Employee Directors’ plan.
• Shares owned after transaction: The Form 4 shows the new unvested RSUs and the effect of the withholding but does not state an overall total beneficial ownership in this filing.
• Transaction code F indicates tax withholding (routine), not an open-market sale.

Context

• This filing reflects a grant of director RSUs and routine tax withholding when an earlier RSU award vested. Withholding to cover taxes is common and does not necessarily indicate a deliberate market sale or change in sentiment.
• The new RSUs vest next year (6/5/2027); the withheld shares relate to a prior vesting event rather than a sell-by-the-insider decision.