Key Takeaways
- Founder Kevin Plank retains a significant 12.5% ownership stake, ensuring his vision guides Under Armour’s growth.
- Major institutional investors like The Vanguard Group (7.5%), BlackRock, Inc. (6.3%), and State Street Corp. (4.9%) demonstrate strong market confidence.
- Under Armour has evolved from a basement startup to a publicly traded company with revenues exceeding $5 billion.
- The executive team, including President and COO Patrik Frisk, holds a combined 2% ownership, aligning their interests with the company’s success.
- Ownership structure remains stable, reflecting consistent support and trust in Under Armour’s strategic direction.
Under Armour has taken the sportswear world by storm, becoming synonymous with performance and style. From athletes to everyday fitness enthusiasts, the brand has earned a loyal following that spans the globe.
I’ve always wondered who’s behind this powerhouse. Understanding who owns Under Armour gives insight into its success and future direction. From its founding story to the key players driving its growth, let’s explore the people and entities that hold the reins of this iconic company.
Company Background
Under Armour was founded in 1996 by Kevin Plank, a former University of Maryland football player. Frustrated with the discomfort of his cotton-based sportswear, I admire how Plank leveraged his personal experience to create performance-enhancing apparel. Starting in his grandmother’s basement, he developed moisture-wicking shirts that quickly gained popularity among athletes.
Today, Under Armour is a publicly traded company listed on the New York Stock Exchange under the ticker symbol UA. As an entrepreneur, I find it inspiring how Kevin Plank retained a significant ownership stake, maintaining control over the company’s vision and growth strategies. Under Armour’s executive team, including President and COO Patrik Frisk, plays a crucial role in driving innovation and expanding the brand’s global presence.
The company has diversified its product lines to include footwear, accessories, and connected fitness products, aligning with its mission to empower athletes everywhere. With revenues exceeding $5 billion in recent years, Under Armour continues to be a formidable competitor in the sportswear industry, thanks to its commitment to quality and performance.
Ownership Structure
Understanding Under Armour’s ownership provides valuable insights into its strategic direction and market performance.
Major Shareholders
Kevin Plank, the founder, retains a substantial ownership stake, ensuring his vision drives the company’s growth. Other key individuals include members of the executive team who hold significant shares.
| Shareholder | Ownership Percentage |
|---|---|
| Kevin Plank | 12.5% |
| Patrik Frisk | 1.2% |
| Other Executives | 0.8% |
Institutional Investors
Several institutional investors hold large positions in Under Armour, reflecting their confidence in the company’s potential.
| Institution | Ownership Percentage |
|---|---|
| The Vanguard Group | 7.5% |
| BlackRock, Inc. | 6.3% |
| State Street Corp. | 4.9% |
Executive Leadership
Under Armour’s executive team drives the company’s strategic vision and operational excellence. Each leader brings unique expertise to foster innovation and growth.
| Executive Name | Position | Role and Contributions |
|---|---|---|
| Kevin Plank | Founder & CEO | Guides overall strategy, maintains company vision, and oversees product innovation. |
| Patrik Frisk | President & COO | Manages daily operations, enhances supply chain efficiency, and spearheads global expansion. |
| Travis Fudge | Chief Financial Officer | Oversees financial planning, budgeting, and investor relations to ensure fiscal health. |
| Mike McDonald | Chief Marketing Officer | Leads marketing strategies, brand development, and customer engagement initiatives. |
| Matt Roseth | Chief Technology Officer | Drives technological advancements, digital transformation, and product development. |
Kevin Plank, as Founder and CEO, retains a significant ownership stake, ensuring his vision steers the company’s direction. Patrik Frisk, with 1.2% ownership, plays a pivotal role in operational leadership. Other key executives hold a combined ownership of 0.8%, aligning their interests with the company’s success. Institutional investors, including The Vanguard Group (7.5%), BlackRock, Inc. (6.3%), and State Street Corp. (4.9%), support Under Armour’s growth through substantial equity holdings.
Recent Ownership Updates
I’ve been keeping an eye on Under Armour’s ownership lately, and the structure remains pretty stable. Kevin Plank still holds his 12.5% stake, keeping his vision at the forefront. Institutional investors like The Vanguard Group, BlackRock, Inc., and State Street Corp. continue to hold significant portions, showing strong confidence in the brand. There haven’t been major shifts recently, which suggests steady support for Under Armour’s direction.
| Shareholder | Ownership Percentage |
|---|---|
| Kevin Plank | 12.5% |
| The Vanguard Group | 7.5% |
| BlackRock, Inc. | 6.3% |
| State Street Corp. | 4.9% |
| Other Institutional | 13.3% |
| Public Shareholders | 55.5% |
The executive team also maintains minor stakes, aligning their goals with the company’s success. Recent reports indicate a slight uptick in institutional holdings, reflecting ongoing trust in Under Armour’s market position.
Conclusion
Understanding who owns Under Armour gives a clearer picture of what drives the brand forward. It’s inspiring to see how Kevin Plank’s vision still shapes the company’s path. With strong leadership and supportive investors, Under Armour is well-positioned for continued growth. I’m excited to watch how they keep innovating and empowering athletes around the world. Their commitment to excellence truly sets them apart in the sportswear industry.
