UAA.NYSEUnder Armour, INC

Form 4: Under Armour CEO Kevin Plank Reports Changes in Beneficial Ownership

Sentiment:

SEC Filing

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Kevin Plank, Under Armour's President and CEO, filed a Form 4 detailing changes in his beneficial ownership of the company's stock as of February 15, 2025.

Summary

  • On February 19, 2025, Kevin Plank, President and CEO of Under Armour, filed a Form 4 with the SEC.
  • The filing reports changes in his beneficial ownership of Under Armour securities as of February 15, 2025.
  • The reported transactions involve Class A, Class B, and Class C Common Stock.
  • A total of 22,672 Class C Common Stock were disposed of at a price of $0.
  • Plank directly owns 2,390,152 shares of Class C Common Stock.
  • He also indirectly owns shares through various entities including KDP Holdings I LLC, KDP Holdings III LLC, Plank Family Trust, KD Plank LLC, and KD Plank #2 LLC.

Sentiment

Score: 5

Explanation: This is a neutral filing of a routine transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing allows investors to track the ownership trends of key executives like Kevin Plank.

Stakeholder Impact

  • Shareholders can use this information to understand the ownership stake and trading activity of the CEO.
  • This filing provides transparency to the market regarding insider transactions.

Key Dates

DateDescription
02/15/2025Date of earliest transaction reported in the Form 4.
02/19/2025Date of Form 4 filing.

Keywords

Form 4, Beneficial Ownership, Kevin Plank, Under Armour, Securities, Stock

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