Under Armour is primarily owned by Kevin A. Plank. Plank is Under Armour’s founder and executive chairman. His stake in the company, at current market value, is worth over one billion dollars, as he owns 34,742,229 Class A shares (15.6% of outstanding Class A shares) and 33,857,645 Class C shares (13.2% of outstanding Class C shares), holding 64.7% of the total voting power.
Breaking down Under Armour’s ownership structure
- Kevin A. Plank owns 34,742,229 Class A shares (15.6% of outstanding Class A shares) and 33,857,645 Class C shares (13.2% of outstanding Class C shares), holding 64.7% of the total voting power.
- Patrik Frisk owns 14,000 Class A shares (less than 1% of outstanding Class A shares) and 639,714 Class C shares (less than 1% of outstanding Class C shares).
- Douglas E. Coltharp owns 98,914 Class A shares (less than 1% of outstanding Class A shares) and 99,279 Class C shares (less than 1% of outstanding Class C shares).
- Other beneficial owners listed (Jerri L. DeVard, Mohamed A. El-Erian, David W. Gibbs, Karen W. Katz, Westley Moore, Eric T. Olson, and Harvey L. Sanders) own small amounts of Class A and/or Class C shares, each representing less than 1% of the outstanding shares in their respective classes.
- David Bergman owns 26,835 Class A shares (less than 1% of outstanding Class A shares) and 189,640 Class C shares (less than 1% of outstanding Class C shares).
- Colin Browne owns 180,803 Class C shares (less than 1% of outstanding Class C shares).
- Stephanie Pugliese owns 92,504 Class C shares (less than 1% of outstanding Class C shares).
- All executive officers and directors as a group beneficially own 35,111,627 Class A shares (15.6% of outstanding Class A shares) and 35,590,192 Class C shares (13.9% of outstanding Class C shares), holding 64.7% of the total voting power.
- 5% stockholders: BlackRock, Inc. owns 11,176,582 Class A shares (5.0% of outstanding Class A shares) and The Vanguard Group owns 19,894,614 Class A shares (8.9% of outstanding Class A shares). BlackRock, Inc. and The Vanguard Group hold 2.1% and 3.7% of the total voting power, respectively.
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