Top 5 Person Shareholders of Below Armour (UA)

Armour Inc. (NYSE: UA) has been a foremost performer in the overall performance clothing room since its 1996 start. The Baltimore-primarily based company created a splash with its strains of sportswear and components manufactured from synthetic microfibers that aid control entire body temperature and improve athletic performance. But like several stores, Under Armour is battling to contend with Amazon and other online shops, resulting in disappointing earnings for substantially of 2018. That exact 12 months, Ryan Kuehl, senior vice president of international sports, and Walker Jones, senior director of athletics marketing and advertising, ended up each allow go, reportedly right after an interior critique of their crew.

Regardless of its the latest hiccups, Underneath Armour remains a powerful player in the athletic apparel current market, with an extraordinary $3.87 billion current market capitalization, as of Aug. 23, 2022. Not astonishingly, its five largest particular person shareholders are former and current Underneath Armour executives.

1. Kevin Plank, Founder, and Government Chairman

Founder Kevin Plank held the placement of CEO and chair of the board from 1996 to 2019 and was president concerning 1996 and 2008 and 2010 and 2017. He presently serves as the firm’s Executive Chairman and Brand Main. Plank is on the boards of the National Football Basis, the College Corridor of Fame Inc., and the University of Maryland College Park Basis. His tutorial qualifications involve a Master of Company Administration from the College of Maryland. 

Plank is the most significant Below Armour shareholder, with 33.8 million Class C shares owned indirectly by way of a sequence of trusts. He has an more 34.7 million Class A and Class B shares in inventory options, in accordance to the firm’s Mar. 24, 2022 submitting with the SEC. Plank’s stake in Below Armour affords him 65% of the company’s voting electric power.

2. Patrik Frisk, President, and Chief Working Officer

Patrik Frisk, Less than Armour’s existing President and chief working officer (COO), brings nearly 30 decades of field expertise to his role, having formerly directed brand names like The North Encounter and Timberland. He most lately served as CEO of multinational footwear firm Aldo. Frisk joined Under Armour in June 2017, replacing Kevin Plank as President. According to an Mar. 24, 2022 filing with the SEC, Frisk owns 639,714 Class C shares of Under Armour, earning him the title of the firm’s second-greatest shareholder.

3. Michael S. Lee, Former Main DigitalOfficer

Michael Lee previously served as Under Armour’s main digital officer, a posture he held due to the fact July 2016. Lee joined the corporation in March 2015 immediately after Underneath Armour obtained MyFitnessPal–an app he founded–for $475 million. Lee and his brother Albert Lee still left the organization in January 2018, amid a broader restructuring program. In accordance to Lee’s most latest filing with the SEC on Feb. 14, 2017, he stays the company’s 3rd-largest shareholder, with 391,998 Course C shares.

4. Harvey L. Sanders, Impartial Director

Less than Armour’s fourth-premier specific shareholder, Harvey Sanders has been an impartial director of Below Armour given that November 2004. He beforehand served as the CEO and president of Nautica Enterprises Inc. concerning 1977 and 1993 and is a board member of the Boomer Esiason Foundation for Cystic Fibrosis, as properly as the Starlight Starbright Foundation. Sanders also serves on the board of the College of Maryland Faculty Park Basis. According to a Mar. 24, 2022 filing with the SEC, Sanders owns 175,235 Course C shares and 174,000 Class A shares of Under Armour.

5. Kip Fulks, Strategic Advisor

Under Armour co-founder Kip Fulks has a extended association with the business, occupying numerous notable positions above the several years. Formerly responsible for handling good quality assurance and item enhancement involving 1997 and 2008, Fulks is now the company’s strategic advisor, a part he is held due to the fact May perhaps 2017. Fulks was formerly president of footwear and innovation from March 2015 to October 2015, chief working officer (COO) between 2011 and 2015, and chief merchandise officer from 2016-2017. He is the company’s fifth-biggest immediate shareholder, with 261,356 Course C shares as of his Feb. 15, 2018 filing with the SEC.