leadership
confidence high
sentiment neutral
materiality 0.65
Under Armour CEO Plank gets compensation package tied to $13 stock price, over 80% performance-based
Under Armour, Inc.
- Base salary raised to $900,000 from $500,000, effective July 1, 2024.
- PSU award of 2 million Class C shares (grant-date value $8.26M) vests only if stock averages $13 over 60 consecutive days by March 31, 2028.
- RSU award of $840,000 in Class C stock vests in thirds over three years.
- Over 90% of total compensation is payable in stock; current Class C close was $6.78 on June 3, 2024.
- Both awards forfeited if share-price hurdle not met or employment terminates, with exceptions for death, disability, or change in control.