Form 4: Garmin CFO Sells Shares Under 10b5-1 Plan

Garmin's CFO and Treasurer, Douglas G. Boessen, sold 479 registered shares at $215.41 each, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Douglas G. Boessen, CFO and Treasurer of Garmin Ltd. (GRMN), reported a sale of company shares.
• The transaction involved the disposition of 479 Registered Shares.
• The shares were sold at a price of $215.41 per share.
• The transaction date was February 13, 2026.
• The sale was conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Boessen on March 3, 2025.
• Following this transaction, Mr. Boessen beneficially owns 28,488 Registered Shares directly.
• The beneficially owned shares include 17,717 unvested shares from previously granted restricted stock unit awards and 51 shares acquired in December 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine, pre-scheduled insider transaction under a 10b5-1 plan, which typically does not carry significant positive or negative implications for the company's operational performance or future outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

StockSavvy.ai notes that insider sales executed under Rule 10b5-1 trading plans are common practice among corporate executives. These plans allow insiders to sell a predetermined number of shares at a predetermined time or price, providing an affirmative defense against insider trading allegations. Such transactions are generally viewed as routine liquidity events or portfolio diversification strategies rather than signals of management's sentiment about the company's immediate future performance.

Stakeholder Impact

• Shareholders: The sale is a routine, pre-planned transaction by a key executive and is unlikely to have a significant impact on shareholder confidence or the company's operational strategy.

Key Dates

Recommendation

The sale by Garmin's CFO was executed under a pre-arranged 10b5-1 trading plan, indicating it was a scheduled transaction rather than a discretionary decision based on new information. Such routine sales typically do not signal a change in the company's fundamental outlook or warrant a change in investment recommendation.

Keywords

Garmin, GRMN, Form 4, Insider Transaction, 10b5-1 Plan, Share Sale, CFO, Executive Compensation