Garmin (GRMN) CEO Clifton Pemble Sells 4,029 Shares

What Happened
Clifton A. Pemble, President, CEO and a director of Garmin Ltd. (GRMN), sold 4,029 shares of Garmin common stock in an open-market disposition on July 29, 2026. The shares were sold at $300.00 per share for total proceeds of $1,208,700. The sale was made pursuant to a Rule 10b5-1 trading plan adopted March 3, 2026.

Key Details

• Transaction date and price: 2026-07-29 — 4,029 shares sold at $300.00 each.
• Total proceeds: $1,208,700.
• Shares owned after transaction: the filing does not list a single total; footnote information shows ownership includes 62,180 unvested restricted stock units and 81 shares from the employee stock purchase plan. The filer also no longer has a reportable beneficial interest in 255 shares previously reported as owned by his child.
• Notable footnotes: F1 — sale executed under a pre-established Rule 10b5-1 plan (adopted 3/3/2026). F2 — beneficial ownership figure includes unvested RSUs (62,180) and 81 ESPP shares.
• Filing timeliness: Report filed 07/31/2026 for a 07/29/2026 transaction (timely).

Context
This was an open-market sale under a pre-set 10b5-1 plan, which means the transaction was preplanned and is often viewed as routine rather than a contemporaneous signal about the insider’s view of the stock. Sales generate proceeds for the insider but do not, by themselves, indicate company performance.