What the executives and directors of Garmin actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| KAO MIN H Executive Chairman | Officer | 7.9M | — | — |
| BURRELL JONATHAN | Director | 2.1M | — | — |
| PEMBLE CLIFTON A President and CEO | CEO | 120.6K | — | $8.4M |
| Bartel Danny J VP, Global Consumer Sales | Officer | 108.7K | — | — |
| Straub Philip EVP, Man. Director - Aviation | Officer | 100.9K | — | — |
| ETKIND ANDREW R VP, General Counsel, Secretary | Officer | 73K | — | — |
| Desbois Patrick co-COO | COO | 62.1K | — | $2.5M |
| TRENKLE BRADLEY C co-COO | COO | 47.8K | — | — |
| Wang Cheng-Wei General Manager - Garmin Corp. | Officer | 39.4K | — | $2.4M |
| Peffer Charles | Director | 28.7K | — | — |
| LINK EDWARD J. VP, Information Technology | Officer | 28.4K | — | $706K |
| Boessen Douglas G. CFO and Treasurer | CFO | 27.8K | — | $2M |
| Hartnett Joseph J | Director | 21.3K | — | $321K |
| MAXFIELD JOSHUA H VP, General Counsel | Officer | 15.9K | — | $335K |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-31 | Biddlecombe Sean (Officer) | Discretionary sale | 986 | $292.88 | $289K |
| 2026-07-31 | MAXFIELD JOSHUA H (Officer) | Discretionary sale | 272 | $289.15 | $79K |
| 2026-07-31 | MAXFIELD JOSHUA H (Officer) | Discretionary sale | 438 | $291.32 | $128K |
| 2026-07-31 | MAXFIELD JOSHUA H (Officer) | Discretionary sale | 442 | $292.17 | $129K |
| 2026-07-29 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 4,029 | $300.00 | $1.2M |
| 2026-06-09 | Hartnett Joseph J (Director) | Discretionary sale | 643 | $236.09 | $152K |
| 2026-06-09 | Hartnett Joseph J (Director) | Discretionary sale | 643 | $263.57 | $169K |
| 2026-06-05 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 85 | $238.91 | $20K |
| 2026-06-05 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 272 | $236.59 | $64K |
| 2026-06-05 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 355 | $237.31 | $84K |
| 2026-06-05 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 1,288 | $238.28 | $307K |
| 2026-05-08 | MINARD LAURIE A (Officer) | Discretionary sale | 100 | $242.59 | $24K |
| 2026-05-08 | MINARD LAURIE A (Officer) | Discretionary sale | 984 | $241.98 | $238K |
| 2026-03-10 | LINK EDWARD J. (Officer) | Discretionary sale | 1,275 | $243.64 | $311K |
| 2026-02-26 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 434 | $249.29 | $108K |
| 2026-02-26 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 746 | $252.71 | $189K |
| 2026-02-26 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 8,286 | $251.06 | $2.1M |
| 2026-02-26 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 10.4K | $252.01 | $2.6M |
| 2026-02-26 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 155 | $253.26 | $39K |
| 2026-02-26 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 1,412 | $251.01 | $354K |
| 2026-02-26 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 1,920 | $252.01 | $484K |
| 2026-02-26 | Desbois Patrick (COO) | Planned sale (10b5-1) | 364 | $253.19 | $92K |
| 2026-02-26 | Desbois Patrick (COO) | Planned sale (10b5-1) | 3,110 | $251.08 | $781K |
| 2026-02-26 | Desbois Patrick (COO) | Planned sale (10b5-1) | 3,220 | $252.03 | $812K |
| 2026-02-26 | Munn Matthew (Officer) | Discretionary sale | 600 | $251.52 | $151K |
| 2026-02-26 | Munn Matthew (Officer) | Discretionary sale | 4,675 | $250.90 | $1.2M |
| 2026-02-26 | LYMAN SUSAN (Officer) | Discretionary sale | 991 | $252.09 | $250K |
| 2026-02-26 | LYMAN SUSAN (Officer) | Discretionary sale | 2,814 | $251.04 | $706K |
| 2026-02-23 | MINARD LAURIE A (Officer) | Discretionary sale | 837 | $247.28 | $207K |
| 2026-02-20 | Biddlecombe Sean (Officer) | Discretionary sale | 1,071 | $240.76 | $258K |
| 2026-02-13 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 479 | $215.41 | $103K |
| 2026-01-07 | Desbois Patrick (COO) | Planned sale (10b5-1) | 1,488 | $211.00 | $314K |
| 2026-01-07 | Desbois Patrick (COO) | Planned sale (10b5-1) | 2,190 | $210.00 | $460K |
| 2025-12-16 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 3,933 | $206.61 | $813K |
| 2025-12-16 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 6,498 | $205.99 | $1.3M |
| 2025-12-16 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 508 | $206.84 | $105K |
| 2025-12-16 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 1,977 | $206.11 | $407K |
| 2025-08-27 | Wang Cheng-Wei (Officer) | Discretionary sale | 1,287 | $233.28 | $300K |
| 2025-08-27 | Wang Cheng-Wei (Officer) | Discretionary sale | 8,915 | $232.37 | $2.1M |
| 2025-08-11 | LINK EDWARD J. (Officer) | Discretionary sale | 1,718 | $230.00 | $395K |
| 2025-08-06 | MINARD LAURIE A (Officer) | Discretionary sale | 787 | $230.00 | $181K |
| 2025-07-03 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 1,859 | $215.00 | $400K |
| 2025-06-16 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 879 | $204.00 | $179K |
| 2025-06-16 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 1,174 | $202.01 | $237K |
| 2025-06-16 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 5,846 | $203.39 | $1.2M |
| 2025-03-10 | LYMAN SUSAN (Officer) | Discretionary sale | 2,829 | $215.51 | $610K |
| 2025-02-28 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 269 | $227.87 | $61K |
| 2025-02-28 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 555 | $225.26 | $125K |
| 2025-02-28 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 690 | $226.05 | $156K |
| 2025-02-28 | Boessen Douglas G. (CFO) | Planned sale (10b5-1) | 1,249 | $227.13 | $284K |
| 2025-02-28 | Munn Matthew (Officer) | Discretionary sale | 4,637 | $225.31 | $1M |
| 2025-02-26 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 128 | $228.34 | $29K |
| 2025-02-26 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 304 | $224.93 | $68K |
| 2025-02-26 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 1,999 | $226.39 | $453K |
| 2025-02-26 | PEMBLE CLIFTON A (CEO) | Planned sale (10b5-1) | 4,771 | $227.56 | $1.1M |
| 2025-02-26 | Desbois Patrick (COO) | Planned sale (10b5-1) | 297 | $225.09 | $67K |
| 2025-02-26 | Desbois Patrick (COO) | Planned sale (10b5-1) | 303 | $228.27 | $69K |
| 2025-02-26 | Desbois Patrick (COO) | Planned sale (10b5-1) | 1,904 | $226.36 | $431K |
| 2025-02-26 | Desbois Patrick (COO) | Planned sale (10b5-1) | 4,407 | $227.55 | $1M |
| 2025-02-24 | MINARD LAURIE A (Officer) | Discretionary sale | 787 | $226.11 | $178K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.