The charts on this page feature a breakdown of the total annual pay for the top executives at GARMIN LTD as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. GARMIN LTD income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. GARMIN LTD annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Andrew R. Etkind
Vice President, General Counsel & Secretary
Total Cash $625,302 Equity $600,156 Other $396,903 Total Compensation $1,622,361
Clifton A. Pemble
President & Chief Executive Officer
Total Cash $1,000,307 Equity $2,199,989 Other $33,116 Total Compensation $3,233,412
Min H. Kao
Executive Chairman
Total Cash $350,307 Equity $0 Other $33,007 Total Compensation $383,314
Douglas G. Boessen
Chief Financial Officer & Treasurer
Total Cash $616,014 Equity $599,950 Other $33,116 Total Compensation $1,249,080
Philip I. Straub
Executive Vice President, Managing Director-Aviation
Total Cash $650,307 Equity $1,124,978 Other $28,616 Total Compensation $1,803,901
Patrick G. Desbois
Executive Vice President, Operations
Total Cash $550,307 Equity $775,021 Other $33,116 Total Compensation $1,358,444
For its 2019 fiscal year, GARMIN LTD, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
CEO Name CEO Pay Median Employee Pay CEO Pay Ratio
Clifton A. Pemble CEO Pay $3,233,412 Median Employee Pay $35,188 CEO Pay Ratio 92:1
For its 2019 fiscal year, GARMIN LTD, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Catherine Lewis Total Cash $199,602
Charles Peffer Total Cash $245,019
Jonathan Burrell Total Cash $240,019
Joseph Hartnett Total Cash $240,019
Rebecca Tilden Total Cash $35,417

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.