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Garmin Executive Compensation (FY25)

GRMN · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 20, 2026Latest filing (8-K): June 8, 2026
14 filings cited on this page
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Garmin brief$1,500Get the executive brief
233 figures on this page: 222 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Clifton Pemble
Latest say-on-pay support
=
June 5, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Clifton Pemble: $7,240,905 → $7,744,354 (7.0% higher)
CEO pay ratio: 147:1 → 167:1 (13.6% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Garmin's chief executive and what were they paid?
Clifton Pemble was paid $7,744,354 in total compensation as President and Chief Executive Officer for fiscal 2025. Pemble's total was 7.0% higher than the $7,240,905 reported for fiscal 2024.
What was Garmin's say-on-pay result?
Shareholders recorded 95.3% support for the say-on-pay proposal at the meeting held June 5, 2026 for fiscal 2025.
Which companies are in Garmin's peer group?
The disclosed peer group includes Acushnet Holdings Corp., Brunswick Corporation, Deckers Outdoor Corporation, DexCom, Inc. and HEICO Corporation, among others.
What is Garmin's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 167:1, against median employee compensation of $46,356.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Clifton Pemble
President & Chief Executive Officer
◇◇◇———◇◇
Patrick Desbois
Executive Vice President, Operations
◇◇◇———◇◇
Philip Straub
Executive Vice President, Managing Director-Aviation
◇◇◇———◇◇
Andrew Etkind
Vice President, General Counsel & Secretary
◇◇◇———◇◇
Douglas Boessen
Chief Financial Officer & Treasurer
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Clifton Pemble
President and Chief Executive Officer
◇◇◇———◇◇
Patrick Desbois
co-Chief Operating Officer
◇◇◇———◇◇
Philip Straub
Executive Vice President, Managing Director - Aviation, Garmin International
◇◇◇———◇◇
Douglas Boessen
Chief Financial Officer and Treasurer
◇◇◇———◇◇
Bradley Trenkle
co-Chief Operating Officer
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Clifton Pemble
President and Chief Executive Officer
◇◇◇———◇◇
Patrick Desbois
co-Chief Operating Officer
◇◇◇———◇◇
Philip Straub
Executive Vice President, Managing Director - Aviation, Garmin International
◇◇◇———◇◇
Douglas Boessen
Chief Financial Officer and Treasurer
◇◇◇———◇◇
Bradley Trenkle
co-Chief Operating Officer
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Bradley C. TrenkleRSU◇——◇——◇
Bradley C. TrenklePSU◇◇◇—◇—◇
Clifton A. PemblePSU◇◇◇—◇—◇
Clifton A. PembleRSU◇——◇——◇
Douglas G. BoessenRSU◇——◇——◇
Douglas G. BoessenPSU◇◇◇—◇—◇
Patrick G. DesboisRSU◇——◇——◇
Patrick G. DesboisPSU◇◇◇—◇—◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Bradley TrenkleRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Douglas BoessenRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Philip StraubRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Patrick DesboisRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Clifton PembleRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Clifton Pemble
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Equity acceleration on change in control◇
Philip Straub
Executive Vice President, Managing Director - Aviation, Garmin International · Terms as described in the company’s compensation discussion · citing a 2025 filing
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph J. Hartnett
◇◇————◇
Jonathan C. Burrell
◇◇————◇
Catherine A. Lewis
◇◇————◇
Susan M. Ball
◇◇————◇
Clifton A. Pemble, Min H. Kao and Charles Peffer served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Acushnet Holdings Corp. GOLF
  • Brunswick Corporation BC
  • Deckers Outdoor Corporation DECK
  • DexCom, Inc. DXCM
  • HEICO Corporation HEI
  • Logitech International S.A. LOGI
  • NetApp, Inc. NTAP
  • Polaris Inc. PII
  • Teledyne Technologies Incorporated TDY
  • Textron Inc. TXT
  • Trimble Inc. TRMB
  • Visteon Corporation VC
  • Winnebago Industries, Inc. WGO
  • YETI Holdings, Inc YETI
  • Zebra Technologies Corporation ZBRA

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 5, 2026=◇◇◇
2024June 6, 2025=◇◇◇
2023June 7, 2024=◇◇◇
2022June 9, 2023=◇◇◇
2021June 10, 2022=◇◇◇
2020June 4, 2021=◇◇◇
2019June 5, 2020=◇◇◇
2018June 7, 2019=◇◇◇
2017June 8, 2018=◇◇◇
2016June 9, 2017=◇◇◇
2015June 10, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Garmin disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Garmin sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
233 figures on this page: 222 cited to the filing that reported them, 11 calculated from figures it prints.
222 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-261987
  2. 0001308179-26-000318
    2025 Summary Compensation Table · CEO Pay Ratio Disclosure · Compensation of Directors · Grants of Plan-Based Awards
  3. 0000950170-25-085470
  4. 0001308179-25-000480
    2024 Summary Compensation Table · Compensation Discussion and Analysis
  5. 0000950170-24-071684
  6. 0000950170-23-027520
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001308179-23-000747
    SUMMARY COMPENSATION TABLE
  8. 0000950170-22-011549
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001213900-21-031178
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001213900-20-014367
    Say-on-Pay Proposal
  11. 0001213900-19-010354
    Say-on-Pay Proposal
  12. 0001615774-18-005153
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001615774-17-003100
  14. 0001615774-16-005863
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This page is free to cite. Attribution we ask for:
Velarion, “Garmin executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/GRMN (accessed 2026).
Short form: data: Velarion

The Garmin brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Garmin discloses

The companies named in GRMN's own disclosed peer group.

Acushnet Holdings Corp.Deckers Outdoor CorporationDexCom, Inc.HEICO CorporationLogitech International S.A.NetApp, Inc.Polaris Inc.Teledyne Technologies IncorporatedTextron Inc.Trimble Inc.Visteon CorporationWinnebago Industries, Inc.YETI Holdings, IncZebra Technologies Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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