GRMN · Garmin Ltd · Executive Compensation

$293.74 -1.66 (-0.56%) At close · Oct 23

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$56.65B

192.86M

Volume · Oct 23 731.67K Avg daily vol (3M) 904.83K

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Clifton A. Pemble	President & Chief Executive Officer	$1,400,000	$358	$6,300,085	—	—	$43,911	$7,744,354
Patrick G. Desbois	co-Chief Operating Officer	$900,577	$358	$2,150,002	—	—	$41,098	$3,092,035
Philip I. Straub	Executive Vice President, Managing Director-Aviation	$850,577	$358	$1,825,335	—	—	$41,098	$2,717,368
Douglas G. Boessen	Chief Financial Officer & Treasurer	$800,577	$358	$1,699,877	—	—	$43,911	$2,544,723
Bradley C. Trenkle	co-Chief Operating Officer	$601,923	$358	$1,750,142	—	—	$35,473	$2,387,896

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Clifton A. Pemble	President & Chief Executive Officer	$1,400,000	$358	$5,800,074	—	—	$40,473	$7,240,905
Patrick G. Desbois	co-Chief Operating Officer	$875,481	$358	$2,000,237	—	—	$40,473	$2,916,549
Philip I. Straub	Executive Vice President, Managing Director-Aviation	$825,481	$358	$1,649,948	—	—	$40,473	$2,516,260
Douglas G. Boessen	Chief Financial Officer & Treasurer	$780,385	$358	$1,475,121	—	—	$40,473	$2,296,337
Bradley C. Trenkle	co-Chief Operating Officer	$550,962	$358	$1,349,859	—	—	$34,098	$1,935,277

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Clifton A. Pemble	President & Chief Executive Officer	$1,350,962	$333	$5,150,023	—	—	$39,348	$6,540,666
Patrick G. Desbois	co-Chief Operating Officer	$801,443	$333	$1,700,084	—	—	$39,348	$2,541,208
Philip I. Straub	Executive Vice President, Managing Director-Aviation	$751,442	$4,579	$1,449,866	—	—	$39,348	$2,245,235
Douglas G. Boessen	Chief Financial Officer & Treasurer	$750,577	$333	$1,249,990	—	—	$39,348	$2,040,248
Andrew R. Etkind	Vice President, General Counsel & Secretary	$730,000	$306	$399,891	—	—	$498,078	$1,628,275

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Clifton A. Pemble	President & Chief Executive Officer	$1,225,962	$333	$3,323,452	—	—	$35,848	$4,585,595
Patrick G. Desbois	co-Chief Operating Officer	$740,385	$333	$1,319,823	—	—	$35,848	$2,096,389
Philip I. Straub	Executive Vice President, Managing Director-Aviation	$739,423	$333	$1,260,539	—	—	$35,848	$2,036,143
Andrew R. Etkind	Vice President, General Counsel & Secretary	$700,000	$314	$755,417	—	—	$431,414	$1,887,145
Douglas G. Boessen	Chief Financial Officer & Treasurer	$694,423	$333	$803,965	—	—	$35,848	$1,534,569

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Clifton A. Pemble	President & Chief Executive Officer	$1,200,000	$307	$3,003,686	—	—	$34,348	$4,238,341
Philip I. Straub	Executive Vice President, Managing Director-Aviation	$705,000	$307	$1,134,214	—	—	$34,348	$1,873,869
Andrew R. Etkind	Vice President, General Counsel & Secretary	$670,000	$328	$672,725	—	—	$436,324	$1,779,377
Patrick G. Desbois	Executive Vice President, Operations	$630,000	$1,722	$1,042,880	—	—	$34,348	$1,708,950
Douglas G. Boessen	Chief Financial Officer & Treasurer	$660,000	$307	$720,567	—	—	$34,348	$1,415,222
Min H. Kao	Executive Chairman	$350,000	$307	$0	$0	—	$34,123	$384,430

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Clifton A. Pemble	President & Chief Executive Officer	$1,050,000	$307	$2,599,853	—	—	$34,116	$3,684,276
Philip I. Straub	Executive Vice President, Managing Director-Aviation	$680,000	$307	$1,165,068	—	—	$34,116	$1,879,491
Andrew R. Etkind	Vice President, General Counsel & Secretary	$645,000	$319	$625,239	—	—	$371,416	$1,641,974
Patrick G. Desbois	Executive Vice President, Operations	$575,000	$307	$909,859	—	—	$34,116	$1,519,282
Douglas G. Boessen	Chief Financial Officer & Treasurer	$635,000	$307	$675,233	—	—	$34,116	$1,344,656
Min H. Kao	Executive Chairman	$350,000	$307	$0	$0	—	$33,879	$384,186

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Clifton A. Pemble	President & Chief Executive Officer	$1,000,000	$307	$2,199,989	$0	—	$33,116	$3,233,412
Philip I. Straub	Executive Vice President, Managing Director-Aviation	$650,000	$307	$1,124,978	$0	—	$28,616	$1,803,901
Andrew R. Etkind	Vice President, General Counsel & Secretary	$625,000	$302	$600,156	$0	—	$396,903	$1,622,361
Patrick G. Desbois	Executive Vice President, Operations	$550,000	$307	$775,021	$0	—	$33,116	$1,358,444
Douglas G. Boessen	Chief Financial Officer & Treasurer	$615,000	$1,014	$599,950	$0	—	$33,116	$1,249,079
Min H. Kao	Executive Chairman	$350,000	$307	$0	$0	—	$33,007	$383,314

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Clifton A. Pemble	President & Chief Executive Officer	$900,000	$307	$2,000,122	$0	—	$32,491	$2,932,920
Philip I. Straub	Executive Vice President, Managing Director-Aviation	$600,000	$3,846	$1,099,874	$0	—	$27,991	$1,731,711
Andrew R. Etkind	Vice President, General Counsel & Secretary	$600,000	$2,324	$575,026	$0	—	$390,797	$1,568,147
Patrick G. Desbois	Executive Vice President, Operations	$500,000	$307	$699,883	$0	—	$32,491	$1,232,681
Douglas G. Boessen	Chief Financial Officer & Treasurer	$593,000	$307	$524,912	$0	—	$32,491	$1,150,710
Min H. Kao	Executive Chairman	$350,000	$307	$0	$0	—	$32,382	$382,689

Executive changes

Person	Role	Change	Effective	Filed
Bradley C. Trenkle	co-Chief Operating Officer	Appointed	2024-07-01	2024-06-24
Patrick G. Desbois	co-Chief Operating Officer	Appointed	2024-07-01	2024-06-24
Joshua H. Maxfield	Vice President, General Counsel and Assistant Secretary	Appointed	2024-07-01	2024-04-08

Leadership

Clifton A. Pemble CEO, Board Member
Dr. Min H. Kao Chairman
Douglas G. Boessen CFO
Bradley C. Trenkle COO
Patrick G. Desbois COO
Andrew R. Etkind General Counsel
Joshua H. Maxfield General Counsel
Catherine A. Lewis Board Member
Jonathan C. Burrell Board Member
Joseph J. Hartnett Board Member
Min H. Kao Board Member
Philip I. Straub Board Member
Susan M. Ball Board Member

Key facts CIK 1121788 CUSIP H2906T109 13F (30d) 276 filings 269 filers Visit website Investor relations