Under Armour Inc. has loads riding on Stephanie Linnartz’s Protect This House 3 plan to reinvigorate the corporate — and so does the newly appointed president and chief executive officer.
Linnartz, a former Marriott executive who moved into the corner office in late February, received stock awards valued at $11 million, in addition to a complete salary of $125,000 and a bonus of $175,000 for the fiscal yr ended March 31.
Stock awards, even unvested awards, are valued as of the grant date in corporate Proxy statements — so how much of the worth in those stock awards Linnartz ever sees will rely upon just how well Under Armour’s stock performs.
Shares of the corporate rose 1.5 percent to $6.74 on Tuesday, however...
Continue reading
