David Bergman
Under Armour Inc.’s senior vice president of corporate finance received an increase in his base salary and annual equity awards, according to a filing with the Securities and Exchange Commission.
Following the appointment of David Bergman as the company’s new principal financial and account officer, the board of directors increased Bergman’s annual base salary to $425,000.
On Feb. 10, Bergman was also awarded a time-based restricted stock unit award with a grant date fair value equal to $375,000, as well as a performance-based restricted stock unit award with a grant date fair value equal to $375,000, assuming performance conditions have been satisfied following the 2017-2018 performance period.
On Feb. 14, the company’s compensation committee approved a time-based restricted stock unit award to Bergman, with a fair value equal to $1.2 million.
According to the Form 8-K, the recent changes in compensation reflect Bergman’s recent assumption of the role of acting chief financial officer.
Under Armour trades on the NYSE under the ticker UA. Shares closed Thursday at $19.63, down 1.16 percent, or 23 cents.
