Under Armour CEO Patrik Frisk's 2020 pay jumps 23% to $7.4M
Under Armour reports 2020 executive compensation
By ExecPay News
Published: March 26, 2021
Under Armour reported fiscal year 2020 executive compensation information on March 26, 2021.
In 2020, five executives at Under Armour received on average a compensation package of $3.2M, a 20% decrease compared to previous year.
Average pay of disclosed executives at Under Armour
Patrik Frisk, Chief Executive Officer, received $7.4M in total, which increased by 23% compared to 2019. 71% of Frisk's compensation, or $5.3M, was in stock awards. Frisk also received $938K in non-equity incentive plan, $1.1M in salary, as well as $90K in other compensation.
For fiscal year 2020, the median employee pay was $6,669 at Under Armour. Therefore, the ratio of Patrik Frisk's pay to the median employee pay was 1,104 to one.
Kevin A. Plank, Chairman, received a compensation package of $3M, which decreased by 49% compared to previous year. 66% of the compensation package, or $2M, was in option awards.
Stephanie Pugliese, President, Americas, earned $2M in 2020.
Colin Browne, Chief Operating Officer, received $1.9M in 2020, which decreases by 42% compared to 2019.
David Bergman, Chief Financial Officer, earned $1.9M in 2020, a 22% decrease compared to previous year.
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Source: SEC filing on March 26, 2021.