Under Armour CEO Patrik Frisk's 2021 pay jumps 111% to $16M
Under Armour reports 2021 executive compensation
By ExecPay News
Published: March 24, 2022
Under Armour reported fiscal year 2021 executive compensation information on March 24, 2022.
In 2021, five executives at Under Armour received on average a compensation package of $6.6M, a 104% increase compared to previous year.
Average pay of disclosed executives at Under Armour
Patrik Frisk, Chief Executive Officer, received $16M in total, which increased by 111% compared to 2020. 64% of Frisk's compensation, or $10M, was in stock awards. Frisk also received $4M in non-equity incentive plan, $1.3M in salary, as well as $273K in other compensation.
For fiscal year 2021, the median employee pay was $10,466 at Under Armour. Therefore, the ratio of Patrik Frisk's pay to the median employee pay was 1,485 to one.
Kevin A. Plank, Chairman, received a compensation package of $6.3M, which increased by 106% compared to previous year. 64% of the compensation package, or $4M, was in stock awards.
Colin Browne, Chief Operating Officer, earned $4.1M in 2021, a 117% increase compared to previous year.
Stephanie Pugliese, President, Americas, received $4M in 2021, which increases by 99% compared to 2020.
David Bergman, Chief Financial Officer, earned $3M in 2021, a 62% increase compared to previous year.
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Source: SEC filing on March 24, 2022.