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,...

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, starting as a software engineer and eventually becoming President and COO before taking on the CEO role in 2013. Under his leadership, Garmin has not only focused on innovation in technology but also maintained a strong alignmment with shareholder interests, as seen through their compensation strategy. In 2023, his total compensation was approximately $1.43 million, with a substantial portion tied to the company's performance, highlighting his commitment to the company's long-term success. Pemble's significant insider trading activity showcases his confidence in Garmin's future, peaking at a wealth level of around $24.56 million in 2021. This background reflects a leader who understands both the nuts and bolts of the engineering behind the products and the broader business strategies needed to drive success, making him a key figure in Garmin’s ongoing evolution in the tech industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Garmin CEOs

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Clifton A. Pemble

CEO of Garmin

Education

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

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

January 1, 1966 - 59 years ago

CEO of Garmin for

12 years 5 months (Jan 2013 - Present)

Previous Experience

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

Rivals

Competitors/colleagues of Clifton A. Pemble

A

Sundar Pichai

CEO of Alphabet Inc.

2023 Compensation

Stock

$155.42M

Salary

$2.00M

Bonus

$0.00

Other

$6.80M

Total Holdings

$459.19M

A

Michael R. McMullen

CEO of Agilent Technologies

2023 Compensation

Stock

$0.00

Salary

$1.32M

Bonus

$0.00

Other

$84.04K

Total Holdings

$31.10M

A

Jayshree Ullal

CEO of Arista Networks

2023 Compensation

Stock

$15.05M

Salary

$300.00K

Bonus

$200.00K

Other

$10.40K

Total Holdings

$3.15B

Holdings

See how much did Clifton A. Pemble make over time.

Pemble's insider trading activities reveal a robust confidence in Garmin's potential. His stock holdings showcased a significant increase from approximately $12.24 million in September 2019, reaching a peak of around $24.56 million by August 2021. Over the next few years,...

Pemble's insider trading activities reveal a robust confidence in Garmin's potential. His stock holdings showcased a significant increase from approximately $12.24 million in September 2019, reaching a peak of around $24.56 million by August 2021. Over the next few years, these values fluctuated as Garmin’s stock performance mirrored the company’s growth trajectory. As of December 2023, his reported holdings indicated a notable value of about $26.04 million. This consistent investment suggests that Pemble not only leads Garmin but also believes deeply in its strategies and future, aligning his financial interests with those of shareholders.

Mar 18, 2025

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shares

GRMN @ $206.63

Total Stock Sold

$34.72M

GRMN

$34.72M

374,342 GRMN shares

What if they kept their stock?

If Clifton A. Pemble didn't sell their stock, today they would have:
Extra GRMN374,342 shares worth $34.91M.
This is 0.56% and $193.25K more than what they got when they sold the stock.

Charitable Transactions

GRMN

14,896 shares

GRMN

Recent Charitable Transactions

GRMN

2,028 shares

GRMN

Dec 10, 2024

Charity

GRMN

1,371 shares

GRMN

Aug 6, 2021

Charity

GRMN

3,137 shares

GRMN

Nov 9, 2020

Charity

GRMN

2,545 shares

GRMN

Dec 15, 2019

Charity

GRMN

1,300 shares

GRMN

Dec 15, 2018

Charity

GRMN

1,799 shares

GRMN

Nov 13, 2017

Charity

Insider Trading

See recent insider trades of Clifton A. Pemble.

GRMN

$3.27M

GRMN at $226.80/share

Feb 25, 2025

Sale

GRMN

78,018 shares

GRMN

Feb 19, 2025

Received

GRMN

$4.43M

GRMN at $218.21/share

Dec 15, 2024

Sale

GRMN

27,642 shares

GRMN

Dec 15, 2024

Received

GRMN

2,028 shares

GRMN

Dec 10, 2024

Charity

GRMN

$2.56M

GRMN at $160.41/share

Jun 18, 2024

Sale

GRMN

$217.69K

GRMN at $134.21/share

Feb 25, 2024

Sale

GRMN

38,826 shares

GRMN

Feb 21, 2024

Received

GRMN

$137.86K

GRMN at $125.90/share

Dec 15, 2023

Sale

GRMN

22,371 shares

GRMN

Dec 15, 2023

Received

Compensation History

See how much did Clifton A. Pemble make over time.

In 2023, Clifton Pemble's total compensation was $1,426,148, which included a base salary of $1,350,962 and a performance-related bonus., His pay structure notably ties the amount he receives directly to the performance of Garmin. Over the past few years, his compensation has shown substantial growth, indicating recognition for his leadership during times of significant change and innovation at Garmin. Pemble's pay is indicative of his role in driving Garmin's success while keeping in mind shareholder interests, evident in their pay-for-performance model.

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.

Other Garmin CEOs

Here are other CEOs of Garmin

Dr. Min Kao

Founder and Ex-CEO of Garmin

July 2000 - January 2013