Clifton A. Pemble, born in 1966, is the CEO of Garmin Ltd, a company he has been a part of since 1989. With a Bachelor's degree in Electrical Engineering from the University of Michigan, he climbed the ranks inside Garmin,...

Current Market Cap

$39.83B

Number of Employees

19.9K

Total Compensation

2019 - 2023

Trending down by -54.19% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -100.00% last year

Salary

Up by 10.20% last year

Bonus

Up by 0.00% last year

Other

Up by 108.36% last year

Year

2023

Total Compensation

$1.43M

Salary

$1.35M

Board Justification

Garmin's compensation philosophy aims to provide competitive compensation that is internally equitable and externally competitive to attract, motivate, and retain a highly qualified executive team, while aligning their interests with those of shareholders.

Bonus

$333.00

Board Justification

Annual holiday cash bonus of $333 paid to all Named Executive Officers in 2023.

Other

$74.69K

Board Justification

Includes amounts contributed by the Company to the trust and in the Named Executive Officers’ benefit under the Company’s qualified 401(k) plan, health and other insurance premiums, and premiums on life insurance.

Restricted Stock

$0.00(0 RSU)

Board Justification

This section does not include stock grants as they are not vested in 2023.

Performance Metrics

Compensation is linked to the company's operating income and revenue performance.

SEC Filing

From April 24, 2024

Clifton A. Pemble

CEO of Garmin

G

Education

Bachelor's degree in Electrical Engineering from the University of Michigan

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1966 - 58 years ago

Is Founder?

No

Current Tenure

11 years 10 months (Jan 2013 - Present)

Previous Experience

President and Chief Operating Officer since October 2007, member of the Board of Directors since August 2004.

View Holdings

Insider Holdings of Clifton A. Pemble

GRMN

$30.54M

$14.30M (88.05%)

Last Insider Trade

GRMN

$2.56M

GRMN at $160.41/share

Jun 18, 2024

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