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

Kevin Plank, Under Armour's CEO, filed a Form 4 detailing changes in his beneficial ownership of the company's stock, including transactions and indirect holdings.

Summary

• Kevin Plank, the 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.
• On May 15, 2024, 68,168 Class C Common Stock were disposed of.
• Following the reported transaction, Plank directly owns 362,227 shares of Class C Common Stock.
• Plank 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.
• These indirect holdings include Class C Common Stock, Class B Common Stock, and Class A Common Stock.
• 26,189 shares of Class C Common Stock previously held directly were transferred to KDP Holdings I LLC on February 23, 2024, and are now owned indirectly.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock ownership. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider transactions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock and future prospects.

Stakeholder Impact

• Shareholders may be interested in the changes in beneficial ownership as it provides insight into the CEO's stake in the company.

Key Dates