Garmin Management
Management criteria checks 3/4
Garmin's CEO is Cliff Albert Pemble, appointed in Oct 2007, has a tenure of 17.17 years. total yearly compensation is $6.54M, comprised of 20.7% salary and 79.3% bonuses, including company stock and options. directly owns 0.04% of the company’s shares, worth $15.82M. The average tenure of the management team and the board of directors is 10.4 years and 9 years respectively.
Key information
Cliff Albert Pemble
Chief executive officer
US$6.5m
Total compensation
| CEO salary percentage | 20.7% |
| CEO tenure | 17.2yrs |
| CEO ownership | 0.04% |
| Management average tenure | 10.4yrs |
| Board average tenure | 9yrs |
Recent management updates
Recent updates
Is It Too Late To Consider Buying Garmin Ltd. (NYSE:GRMN)?
Dec 01
Garmin's Q3 Was Striking, But So Is The Valuation
Nov 21Earnings Not Telling The Story For Garmin Ltd. (NYSE:GRMN) After Shares Rise 27%
Nov 07Garmin Ltd. Just Recorded A 46% EPS Beat: Here's What Analysts Are Forecasting Next
Nov 01Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.75
Oct 30Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.75
Oct 16Garmin Ltd.'s (NYSE:GRMN) Intrinsic Value Is Potentially 20% Below Its Share Price
Oct 13Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.75
Oct 01Garmin: Solid Dividend Stock, But Margin Headwinds And Downside Risks Raise Concern
Sep 22Garmin (NYSE:GRMN) Hasn't Managed To Accelerate Its Returns
Sep 19Garmin: A Beat And Raise Helped Its Valuation, But Not Enough
Sep 10Garmin's (NYSE:GRMN) Dividend Will Be $0.75
Sep 05Why Garmin Ltd. (NYSE:GRMN) Could Be Worth Watching
Aug 28Garmin's (NYSE:GRMN) Dividend Will Be $0.75
Aug 14Garmin's (NYSE:GRMN) Dividend Will Be $0.75
Jul 31Garmin's (NYSE:GRMN) Dividend Will Be $0.75
Jul 11Garmin: Innovative Niche Products Will Lead To Continued Success
Jul 02Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.75
Jun 27Garmin (NYSE:GRMN) Will Pay A Larger Dividend Than Last Year At $0.75
Jun 13Garmin: Slightly Too Expensive, Needs To Prove It Can Improve Profitability
Jun 06Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75
May 11Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75
Apr 27Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75
Apr 10Garmin: Wearables Trends Remain Strong
Mar 29Garmin's (NYSE:GRMN) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 26Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73
Mar 12Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Feb 13Garmin Ltd.'s (NYSE:GRMN) Shareholders Might Be Looking For Exit
Feb 08Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73
Jan 22Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73
Jan 08CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 28 2024 | n/a | n/a | US$2b |
| Jun 29 2024 | n/a | n/a | US$1b |
| Mar 30 2024 | n/a | n/a | US$1b |
| Dec 30 2023 | US$7m | US$1m | US$1b |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jul 01 2023 | n/a | n/a | US$994m |
| Apr 01 2023 | n/a | n/a | US$964m |
| Dec 31 2022 | US$5m | US$1m | US$974m |
| Sep 24 2022 | n/a | n/a | US$966m |
| Jun 25 2022 | n/a | n/a | US$1b |
| Mar 26 2022 | n/a | n/a | US$1b |
| Dec 25 2021 | US$4m | US$1m | US$1b |
| Sep 25 2021 | n/a | n/a | US$1b |
| Jun 26 2021 | n/a | n/a | US$1b |
| Mar 27 2021 | n/a | n/a | US$1b |
| Dec 26 2020 | US$4m | US$1m | US$992m |
| Sep 26 2020 | n/a | n/a | US$1b |
| Jun 27 2020 | n/a | n/a | US$934m |
| Mar 28 2020 | n/a | n/a | US$973m |
| Dec 28 2019 | US$3m | US$1m | US$952m |
| Sep 28 2019 | n/a | n/a | US$782m |
| Jun 29 2019 | n/a | n/a | US$738m |
| Mar 30 2019 | n/a | n/a | US$705m |
| Dec 29 2018 | US$3m | US$900k | US$694m |
| Sep 29 2018 | n/a | n/a | US$646m |
| Jun 30 2018 | n/a | n/a | US$613m |
| Mar 31 2018 | n/a | n/a | US$600m |
| Dec 30 2017 | US$2m | US$750k | US$709m |
Compensation vs Market: Cliff's total compensation ($USD6.54M) is below average for companies of similar size in the US market ($USD12.88M).
Compensation vs Earnings: Cliff's compensation has increased by more than 20% in the past year.
CEO
Cliff Albert Pemble (58 yo)
17.2yrs
Tenure
US$6,540,666
Compensation
Mr. Clifton Albert Pemble, also known as Cliff, has been the Chief Executive Officer of Garmin Ltd., since January 1, 2013 and is its President since October 2007. Mr. Pemble serves as the Managing Directo...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 17.2yrs | US$6.54m | 0.040% $ 15.8m | |
| CFO & Treasurer | 10.4yrs | US$2.04m | 0.0073% $ 2.9m | |
| Co-Chief Operating Officer | less than a year | US$2.54m | 0.020% $ 8.1m | |
| Executive VP & MD of Aviation - Garmin International | no data | US$2.25m | 0.037% $ 14.7m | |
| VP & Secretary | 24.3yrs | US$1.63m | 0.034% $ 13.4m | |
| Co-Founder & Executive Chairman | 21.9yrs | US$384.43k | 9.51% $ 3.7b | |
| Co-Chief Operating Officer | less than a year | no data | 0.012% $ 4.7m | |
| Manager of Investor Relations | no data | no data | no data | |
| VP, General Counsel & Assistant Secretary | less than a year | no data | 0.0033% $ 1.3m | |
| Director of Corporate Communications | no data | no data | no data | |
| Vice President of Human Resources | 17.4yrs | no data | 0.00037% $ 145.9k | |
| VP & Global Consumer Marketing | less than a year | no data | 0.0010% $ 402.3k |
10.4yrs
Average Tenure
58yo
Average Age
Experienced Management: GRMN's management team is seasoned and experienced (10.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 20.3yrs | US$6.54m | 0.040% $ 15.8m | |
| Co-Founder & Executive Chairman | 21.9yrs | US$384.43k | 9.51% $ 3.7b | |
| Independent Director | 11.5yrs | US$243.94k | 0.010% $ 4.0m | |
| Independent Director | less than a year | no data | 0.000090% $ 35.5k | |
| Independent Director | 5.5yrs | US$238.84k | 0.0030% $ 1.2m | |
| Independent Director | 6.5yrs | US$243.94k | 9.29% $ 3.7b |
9.0yrs
Average Tenure
64.5yo
Average Age
Experienced Board: GRMN's board of directors are considered experienced (9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 05:17 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2023/12/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Garmin Ltd. is covered by 39 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Radbourne | Atlantic Equities LLP |
| John Bright | Avondale Partners |
| William Power | Baird |