Courtesy Citybizlist – Under Armour Chairman and CEO Kevin Plank’s total compensation last year jumped 35% to $1.53 million, according to a proxy filing with the SEC. In 2011, he earned $1.13 million.
The Baltimore-based sports apparel company said Plank’s base salary remained unchanged at $26,000. Like in the previous two years, his only other income came in the form of non-equity incentive. Last year, it amounted to $1.5 million, up from $1.1 million in 2011.
With a net worth of $1.35 billion, Plank is ranked 345 on Forbes’ list of the wealthiest Americans.
Plank, who was the special teams captain of the University of Maryland football team, founded Under Amour to create so-called performance apparel that are drier and lighter. He serves on the board of the National Football Foundation and College Hall of Fame Inc.