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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
Pay vs Performance Disclosure [Table]          
Pay vs Performance Disclosure, Table

2024 Pay Versus Performance

 

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K we are providing the following information to show how compensation actually paid (“CAP”) to the PEO and the Non-PEO NEOs (as described below) (averaged) relates to certain total shareholder return results, Garmin net income and Garmin operating income results for the years 2020-2024.

 

   Summary
Compensation
Table Total for
PEO		   Compensation
Actually Paid to
PEO		   Average
Summary
Compensation
Table Total for
Non-PEO Named
Executive
Officers		   Average
Compensation
Actually Paid
to Non-PEO
Named
Executive
Officers		   Value of Initial Fixed $100
Investment Based on:		        
Year              Total
Shareholder
Return		   Peer Group
Total
Shareholder
Return		   Net Income   Operating
Income
(a)  (b)   (c)   (d)   (e)   (f)   (g)   (h)   (i)
2024  $7,240,905   $18,055,818   $2,416,106   $5,343,825   $239.08   $193.57   $1,411,436,000   $1,593,994,000
2023  $6,540,666   $10,679,153   $2,113,742   $3,241,006   $144.25   $148.74   $1,289,636,000   $1,092,160,000
2022  $4,585,595   $900,886   $1,888,561   $698,576   $100.81   $104.45   $973,585,000   $1,027,845,000
2021  $4,238,341   $5,967,081   $1,694,354   $2,271,591   $142.59   $165.87   $1,082,200,000   $1,218,620,000
2020  $3,684,276   $5,909,431   $1,596,351   $2,383,954   $125.14   $133.30   $992,324,000   $1,054,240,000

 

The PEO for each year was Clifton A. Pemble. For 2024, the Non-PEO NEOs were Douglas G. Boessen, Bradley C. Trenkle, Philip I. Straub and Patrick G. Desbois. For 2023 and 2022, the Non-PEO NEOs were Douglas G. Boessen, Andrew R. Etkind, Philip I. Straub and Patrick G. Desbois. For 2021 and 2020, the Non-PEO NEOs were Min H. Kao, Douglas G. Boessen, Andrew R. Etkind, Philip I. Straub and Patrick G. Desbois.

 

The peer group for purposes of the table above is the S&P 500 Consumer Discretionary Index.

 

Operating income, for compensation purposes, is presented from the Company’s audited financial statements without adjustment.

 

To calculate CAP for our PEO, the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation, as required under Item 402(v) of Regulation S-K:

 

Year  SCT Total   Deduction of
Reported Value of
Equity Awards		   Equity Award
Adjustments		   CAP
       (i)   (ii)    
2024  $7,240,905   $(5,800,074)   $16,614,987   $18,055,818
2023  $6,540,666   $(5,150,023)   $9,288,510   $10,679,153
2022  $4,585,595   $(3,323,452)   $(361,257)   $900,886
2021  $4,238,341   $(3,003,686)   $4,732,426   $5,967,081
2020  $3,684,276   $(2,599,853)   $4,825,008   $5,909,431
(i) Represents the grant date fair value of equity based awards granted for each year shown, as reported in the SCT. As required under Item 402(v) of Regulation S-K, this value is deducted from SCT total compensation to calculate CAP for each year shown.
(ii) Represents the value of equity award adjustments for each year shown, as calculated in accordance with the methodology required under Item 402(v) of Regulation S-K. The amounts deducted or added in calculating the equity award adjustments are provided in the supplemental table below:

 

Equity Award Adjustments for PEO  2024   2023   2022   2021   2020
RSUs:                        
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $2,893,565   $2,875,568   $1,850,599   $1,663,383   $1,419,079
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $1,745,550   $634,049   $(513,916)   $173,666   $304,853
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $1,586,411   $498,869   $(516,070)   $208,362   $315,569
PC-RSUs:                        
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $8,166,610   $4,990,626   $-   $2,352,257   $2,574,357
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $2,091,916   $211,356   $(793,151)   $263,567   $310,319
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $130,935   $78,042   $(388,719)   $71,191   $(99,169) 
TOTAL EQUITY AWARD ADJUSTMENTS FOR PEO  $16,614,987   $9,288,510   $(361,257)   $4,732,426   $4,825,008

 

To calculate CAP for our Non-PEO NEOs (averaged), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation, as required under Item 402(v) of Regulation S-K:

 

Year  SCT Total   Deduction of
Reported Value of
Equity Awards		   Equity Award
Adjustments		   CAP
       (ii)   (iii)    
2024  $2,416,106   $(1,618,791)   $4,546,510   $5,343,825
2023  $2,113,742   $(1,199,958)   $2,327,222   $3,241,006
2022  $1,888,561   $(1,034,936)   $(155,049)   $698,576
2021  $1,694,354   $(892,596)   $1,469,833   $2,271,591
2020  $1,596,351   $(843,849)   $1,631,452   $2,383,954
(i) Represents the grant date fair value of equity based awards granted for each year shown, as reported in the SCT. As required under Item 402(v) of Regulation S-K, this value is deducted from SCT total compensation to calculate CAP for each year shown.
(ii) Represents the value of equity award adjustments for each year shown, as calculated in accordance with the methodology required under Item 402(v) of Regulation S-K. The amounts deducted or added in calculating the equity award adjustments are provided in the supplemental table below:

 

Equity Award Adjustments for Non-PEO NEOs  2024   2023   2022   2021   2020
RSUs:                        
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $841,941   $592,409   $548,618   $438,136   $407,422
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $474,777   $183,026   $(139,301)   $50,459   $93,083
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $438,317   $142,035   $(145,836)   $63,083   $99,505
PC-RSUs:                        
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $2,182,342   $1,311,231   $-   $790,793   $939,757
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $570,982   $71,055   $(275,337)   $99,430   $128,340
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $38,151   $27,466   $(143,193)   $27,932   $(36,655)
TOTAL EQUITY AWARD ADJUSTMENTS FOR NON-PEO NEOs  $4,546,510   $2,327,222   $(155,049)   $1,469,833   $1,631,452

 

        
Company Selected Measure Name Operating income        
Named Executive Officers, Footnote [Text Block]

The PEO for each year was Clifton A. Pemble. For 2024, the Non-PEO NEOs were Douglas G. Boessen, Bradley C. Trenkle, Philip I. Straub and Patrick G. Desbois. For 2023 and 2022, the Non-PEO NEOs were Douglas G. Boessen, Andrew R. Etkind, Philip I. Straub and Patrick G. Desbois. For 2021 and 2020, the Non-PEO NEOs were Min H. Kao, Douglas G. Boessen, Andrew R. Etkind, Philip I. Straub and Patrick G. Desbois.

        
Peer Group Issuers, Footnote

The peer group for purposes of the table above is the S&P 500 Consumer Discretionary Index.

        
PEO Total Compensation Amount $ 7,240,905 $ 6,540,666 $ 4,585,595 $ 4,238,341 $ 3,684,276
PEO Actually Paid Compensation Amount $ 18,055,818 10,679,153 900,886 5,967,081 5,909,431
Adjustment To PEO Compensation, Footnote

 

Year  SCT Total   Deduction of
Reported Value of
Equity Awards		   Equity Award
Adjustments		   CAP
       (i)   (ii)    
2024  $7,240,905   $(5,800,074)   $16,614,987   $18,055,818
2023  $6,540,666   $(5,150,023)   $9,288,510   $10,679,153
2022  $4,585,595   $(3,323,452)   $(361,257)   $900,886
2021  $4,238,341   $(3,003,686)   $4,732,426   $5,967,081
2020  $3,684,276   $(2,599,853)   $4,825,008   $5,909,431
(i) Represents the grant date fair value of equity based awards granted for each year shown, as reported in the SCT. As required under Item 402(v) of Regulation S-K, this value is deducted from SCT total compensation to calculate CAP for each year shown.
(ii) Represents the value of equity award adjustments for each year shown, as calculated in accordance with the methodology required under Item 402(v) of Regulation S-K. The amounts deducted or added in calculating the equity award adjustments are provided in the supplemental table below:

 

Equity Award Adjustments for PEO  2024   2023   2022   2021   2020
RSUs:                        
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $2,893,565   $2,875,568   $1,850,599   $1,663,383   $1,419,079
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $1,745,550   $634,049   $(513,916)   $173,666   $304,853
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $1,586,411   $498,869   $(516,070)   $208,362   $315,569
PC-RSUs:                        
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $8,166,610   $4,990,626   $-   $2,352,257   $2,574,357
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $2,091,916   $211,356   $(793,151)   $263,567   $310,319
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $130,935   $78,042   $(388,719)   $71,191   $(99,169) 
TOTAL EQUITY AWARD ADJUSTMENTS FOR PEO  $16,614,987   $9,288,510   $(361,257)   $4,732,426   $4,825,008
        
Non-PEO NEO Average Total Compensation Amount $ 2,416,106 2,113,742 1,888,561 1,694,354 1,596,351
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,343,825 3,241,006 698,576 2,271,591 2,383,954
Adjustment to Non-PEO NEO Compensation Footnote

 

Year  SCT Total   Deduction of
Reported Value of
Equity Awards		   Equity Award
Adjustments		   CAP
       (ii)   (iii)    
2024  $2,416,106   $(1,618,791)   $4,546,510   $5,343,825
2023  $2,113,742   $(1,199,958)   $2,327,222   $3,241,006
2022  $1,888,561   $(1,034,936)   $(155,049)   $698,576
2021  $1,694,354   $(892,596)   $1,469,833   $2,271,591
2020  $1,596,351   $(843,849)   $1,631,452   $2,383,954
(i) Represents the grant date fair value of equity based awards granted for each year shown, as reported in the SCT. As required under Item 402(v) of Regulation S-K, this value is deducted from SCT total compensation to calculate CAP for each year shown.
(ii) Represents the value of equity award adjustments for each year shown, as calculated in accordance with the methodology required under Item 402(v) of Regulation S-K. The amounts deducted or added in calculating the equity award adjustments are provided in the supplemental table below:

 

Equity Award Adjustments for Non-PEO NEOs  2024   2023   2022   2021   2020
RSUs:                        
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $841,941   $592,409   $548,618   $438,136   $407,422
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $474,777   $183,026   $(139,301)   $50,459   $93,083
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $438,317   $142,035   $(145,836)   $63,083   $99,505
PC-RSUs:                        
Year-End Fair Value of Awards Granted During Year that Remain Unvested as of Year-End  $2,182,342   $1,311,231   $-   $790,793   $939,757
Change in Fair Value (From Prior Year-End to Current Year-End) of Awards Granted Prior to Current Year that Remain Unvested as of Year-End  $570,982   $71,055   $(275,337)   $99,430   $128,340
Change in Fair Value (From Prior Year-End to Vesting Date) of Awards Granted Prior to Current Year that Vested During Year  $38,151   $27,466   $(143,193)   $27,932   $(36,655)
TOTAL EQUITY AWARD ADJUSTMENTS FOR NON-PEO NEOs  $4,546,510   $2,327,222   $(155,049)   $1,469,833   $1,631,452

 

        
Compensation Actually Paid vs. Total Shareholder Return

 

CAP VS TSR

        
Compensation Actually Paid vs. Net Income

CAP VS NET INCOME

        
Compensation Actually Paid vs. Company Selected Measure

 

CAP VS OPERATING INCOME

        
Total Shareholder Return Vs Peer Group

 

CAP VS TSR

        
Tabular List, Table

 

As required under Item 402(v) of Regulations S-K, in the table below we list the financial performance measures used by the Compensation Committee to link compensation actually paid to the NEOs for 2024 to Garmin’s performance.

 

Operating Income  
Revenue  
        
Total Shareholder Return Amount $ 239.08 144.25 100.81 142.59 125.14
Peer Group Total Shareholder Return Amount 193.57 148.74 104.45 165.87 133.30
Net Income (Loss) Attributable to Parent $ 1,411,436,000 $ 1,289,636,000 $ 973,585,000 $ 1,082,200,000 $ 992,324,000
Company Selected Measure Amount 1,593,994,000 1,092,160,000 1,027,845,000 1,218,620,000 1,054,240,000
PEO Name Clifton A. Pemble Clifton A. Pemble Clifton A. Pemble Clifton A. Pemble Clifton A. Pemble
Measure [Axis]: 1          
Pay vs Performance Disclosure [Table]          
Measure Name Operating Income        
Measure [Axis]: 2          
Pay vs Performance Disclosure [Table]          
Measure Name Revenue        
PEO [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount [1] $ (5,800,074) $ (5,150,023) $ (3,323,452) $ (3,003,686) $ (2,599,853)
PEO [Member] | Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount [2] 16,614,987 9,288,510 (361,257) 4,732,426 4,825,008
PEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 2,893,565 2,875,568 1,850,599 1,663,383 1,419,079
PEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 1,745,550 634,049 (513,916) 173,666 304,853
PEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 1,586,411 498,869 (516,070) 208,362 315,569
PEO [Member] | PC-RSUs Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 8,166,610 4,990,626 (0) 2,352,257 2,574,357
PEO [Member] | PC-RSUs Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 2,091,916 211,356 (793,151) 263,567 310,319
PEO [Member] | PC-RSUs Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 130,935 78,042 (388,719) 71,191 (99,169)
Non-PEO NEO [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount [3] (1,618,791) (1,199,958) (1,034,936) (892,596) (843,849)
Non-PEO NEO [Member] | Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount [4] 4,546,510 2,327,222 (155,049) 1,469,833 1,631,452
Non-PEO NEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 841,941 592,409 548,618 438,136 407,422
Non-PEO NEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 474,777 183,026 (139,301) 50,459 93,083
Non-PEO NEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 438,317 142,035 (145,836) 63,083 99,505
Non-PEO NEO [Member] | PC-RSUs Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 2,182,342 1,311,231 (0) 790,793 939,757
Non-PEO NEO [Member] | PC-RSUs Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 570,982 71,055 (275,337) 99,430 128,340
Non-PEO NEO [Member] | PC-RSUs Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount $ 38,151 $ 27,466 $ (143,193) $ 27,932 $ (36,655)
[1] Represents the grant date fair value of equity based awards granted for each year shown, as reported in the SCT. As required under Item 402(v) of Regulation S-K, this value is deducted from SCT total compensation to calculate CAP for each year shown.
[2] Represents the value of equity award adjustments for each year shown, as calculated in accordance with the methodology required under Item 402(v) of Regulation S-K. The amounts deducted or added in calculating the equity award adjustments are provided in the supplemental table below:
[3] Represents the grant date fair value of equity based awards granted for each year shown, as reported in the SCT. As required under Item 402(v) of Regulation S-K, this value is deducted from SCT total compensation to calculate CAP for each year shown.
[4] Represents the value of equity award adjustments for each year shown, as calculated in accordance with the methodology required under Item 402(v) of Regulation S-K. The amounts deducted or added in calculating the equity award adjustments are provided in the supplemental table below: