Kevin Plank wo n’t be going hungry anytime soon, according to Footwear News.
The Under Armour chairman, who returned to the chief executive officer place this spring, received$ 4.6 million in total remuneration for fiscal 2024, up from the$ 3 million he received in fiscal 2023 when he was executive president and company key, according to the bank’s just- released proxy statement.
His package includes a$ 500, 000 salary,$ 4 million in stock awards as well as$ 127, 220 in non- equity incentive plan compensation. Under his administration, how the company’s stock will ultimately be valued will determine the property prizes ‘ best price.
According to reports, Stephanie Linnartz, the original Marriott International president who had been in charge of Under Armour for just over a year, was appointed as Plank took over the best position at Under Armour on April 1. Linnartz, who started at Under Armour in February of 2023, remained with the firm until April 30.

Additionally, she received a lot of money for her time with the gymnastics business. According to the proxy, Linnartz’s separation agreement included a payment of$ 2.6 million, or two times her annual base salary, a$ 976, 447 performance bonus, payment of her health care benefits for 24 months and other, smaller agreements. In contrast, the surrogate said, the unvested tranches of her indication- on restricted stock device award received in connection with her hiring and valued at about$ 7.3 million, were accelerated.
Plank was appointed executive head and company commander after founding Under Armour in 1996 and serving as its CEO and chairman of the board until January 2020. The business was struggling at the time, both financially and financially, with controversies ranging from female executives visiting strip clubs to Securities and Exchange Commission studies.
Plank was succeeded by Patrik Frisk, a one- day CEO of the Aldo Group, in 2020. But Frisk’s career was likewise brief, lasting just two years. Finnartz was appointed to take Frisk’s place at the end of 2022 and took over in February 2023.
Plank’s big reform plan, which includes an unspecified amount of cuts, a 25 % reduction in product, a renewed focus on its historical strength in men’swear, significantly less lowering, and a new communication plan to get the message out to consumers, was presented in his first earnings call since returning to the CEO position in May.