Form 4: Under Armour CFO David Bergman Reports Stock Disposal
SEC Form 4 Filing
Under Armour's Chief Financial Officer, David Bergman, reported the disposal of shares to cover tax obligations.
Summary
- David Bergman, the Chief Financial Officer of Under Armour, reported a transaction on May 15, 2024.
- The transaction involved the disposal of 36,908 shares of Class C Common Stock to cover tax obligations.
- Following the transaction, Bergman directly owns 413,590 shares of Class C Common Stock.
- Bergman also directly owns 26,835 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. It is common for executives to sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock disposal transaction |
| 05/16/2024 | Date of signature on the report |
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