BANKING ON PLANK: Under Armour Inc. founder, chairman and chief executive Kevin Plank continues to distinguish himself in ways other than the wealth he’s amassed, estimated most recently by Forbes to be $ 3.2 billion. The company’s definitive proxy, released by the Securities and Exchange Commission on Friday, notes that Plank last year drew his customary annual salary of $ 26,000, “which was his approximate salary when he founded the company” in 1995. Plank compensates for this relatively paltry sum in other ways. The UA chief owns 36.2 million shares of the company’s stock, 16.8 percent of those outstanding, according to the proxy, and worth $ 2.76 billion as of Friday’s closing price of $ 76.05.
His modest take-home pay notwithstanding, he managed to boost his total earnings 11.5 percent to $ 3.6 million in 2014 as a doubling of his stock awards, to $ 1.6 million, was enough to offset a 19 percent reduction in his cash bonus, to $ 1.9 million.
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