Form 4: Garmin Executive Edward J. Link Reports Changes in Beneficial Ownership

Edward J. Link, VP of Information Technology at Garmin Ltd, reports the acquisition and disposal of registered shares due to vesting of restricted stock units and subsequent tax liability coverage.

Summary

• On February 25, 2025, Edward J. Link, VP of Information Technology at Garmin Ltd, reported changes in beneficial ownership of Garmin shares.
• The changes involve the vesting of 1,953 shares from previously granted restricted stock unit awards.
• 597 shares were withheld to cover the resulting tax liability at a price of $226.04 per share.
• Following the transaction, Link directly owns 29,352 registered shares, which includes 5,908 unvested shares acquired through prior restricted stock unit awards.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like Garmin.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock units, are common among publicly traded technology companies.
• Companies like Apple, Google, and Microsoft also utilize stock-based compensation to align executive interests with shareholder value.
• The vesting schedules and tax withholding practices are generally consistent with industry norms.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it primarily reflects internal compensation adjustments.
• Employees may be interested in the details of executive compensation packages.

Key Dates