Garmin Management
Management criteria checks 4/4
Garmin's CEO is Cliff Albert Pemble, appointed in Oct 2007, has a tenure of 16.5 years. total yearly compensation is $4.59M, comprised of 26.7% salary and 73.3% bonuses, including company stock and options. directly owns 0.049% of the company’s shares, worth $13.24M. The average tenure of the management team and the board of directors is 16.6 years and 15.3 years respectively.
Key information
Cliff Albert Pemble
Chief executive officer
US$4.6m
Total compensation
| CEO salary percentage | 26.7% |
| CEO tenure | 16.5yrs |
| CEO ownership | 0.05% |
| Management average tenure | 16.6yrs |
| Board average tenure | 15.3yrs |
Recent management updates
Recent updates
Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75
Apr 10
Garmin: 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 08Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Dec 07Garmin: Growth Remains Intact But Valuation Is Not Attractive
Nov 16Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.73
Nov 13At US$117, Is It Time To Put Garmin Ltd. (NYSE:GRMN) On Your Watch List?
Nov 11Garmin: Resilient Financials And Sustained Product Innovation
Nov 10Garmin (NYSE:GRMN) Has Affirmed Its Dividend Of $0.73
Oct 26Garmin (NYSE:GRMN) Has More To Do To Multiply In Value Going Forward
Oct 13Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Sep 28Estimating The Fair Value Of Garmin Ltd. (NYSE:GRMN)
Sep 27Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73
Sep 09Garmin: Cautiously Positive Growth Prospects
Sep 08Garmin: Hold Rating After Strong Q2 Earnings, Signs Of Overvaluation
Aug 30Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Aug 26Garmin's (NYSE:GRMN) Dividend Will Be $0.73
Aug 08Upslope Capital - Garmin: A Classic 'Riches In Niches' Story
Jul 26Investors Met With Slowing Returns on Capital At Garmin (NYSE:GRMN)
Jun 28Garmin: Consumer Electronics Success Story
Jun 28Estimating The Fair Value Of Garmin Ltd. (NYSE:GRMN)
Jun 15Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73
Jun 01Garmin: Powerful Arsenal Driving Success
May 25Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73
May 05Is Now An Opportune Moment To Examine Garmin Ltd. (NYSE:GRMN)?
Apr 10Here's What To Make Of Garmin's (NYSE:GRMN) Decelerating Rates Of Return
Mar 14Estimating The Intrinsic Value Of Garmin Ltd. (NYSE:GRMN)
Mar 01Garmin Non-GAAP EPS of $1.35 beats by $0.18, revenue of $1.31B misses by $10M
Feb 22Is Now An Opportune Moment To Examine Garmin Ltd. (NYSE:GRMN)?
Jan 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 30 2023 | n/a | n/a | 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$709m |
Compensation vs Market: Cliff's total compensation ($USD4.59M) is below average for companies of similar size in the US market ($USD13.37M).
Compensation vs Earnings: Cliff's compensation has been consistent with company performance over the past year.
CEO
Cliff Albert Pemble (57 yo)
16.5yrs
Tenure
US$4,585,595
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 | 16.5yrs | US$4.59m | 0.049% $ 13.2m | |
| CFO & Treasurer | 9.8yrs | US$1.53m | 0.0077% $ 2.1m | |
| VP, General Counsel & Secretary | 23.7yrs | US$1.89m | 0.034% $ 9.2m | |
| Executive VP & MD of Aviation - Garmin International | no data | US$2.04m | 0.038% $ 10.2m | |
| Executive Vice President of Operations - Garmin International | no data | US$2.10m | 0.021% $ 5.6m | |
| Co-Founder & Executive Chairman | 21.3yrs | US$384.43k | 9.61% $ 2.6b | |
| Manager of Investor Relations | no data | no data | no data | |
| Director of Corporate Communications | no data | no data | no data | |
| Vice President of Human Resources | 16.8yrs | no data | no data | |
| VP & Global Consumer Marketing | less than a year | no data | 0.00022% $ 59.5k |
16.6yrs
Average Tenure
57yo
Average Age
Experienced Management: GRMN's management team is seasoned and experienced (16.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.7yrs | US$4.59m | 0.049% $ 13.2m | |
| Co-Founder & Executive Chairman | 21.3yrs | US$384.43k | 9.61% $ 2.6b | |
| Independent Director | 10.8yrs | US$235.85k | 0.0097% $ 2.6m | |
| Independent Director | 19.7yrs | US$240.85k | 0.014% $ 3.9m | |
| Independent Director | 4.8yrs | US$230.85k | 0.0024% $ 649.3k | |
| Independent Director | 5.8yrs | US$235.85k | 9.62% $ 2.6b |
15.3yrs
Average Tenure
69yo
Average Age
Experienced Board: GRMN's board of directors are seasoned and experienced ( 15.3 years average tenure).