Form 4: Under Armour Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Mehri Shadman, Chief Legal Officer of Under Armour, reports the disposition of Class C Common Stock to cover tax obligations and updates holdings of Class A Common Stock.
Summary
- On May 15, 2024, Mehri Shadman, the Chief Legal Officer of Under Armour, reported a transaction involving Under Armour's Class C Common Stock.
- 11,104 shares of Class C Common Stock were disposed of to cover tax obligations.
- Following the transaction, Shadman directly owns 141,609 shares of Class C Common Stock.
- Shadman also directly owns 1,570 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It helps maintain investor confidence by ensuring compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock transaction (disposal of Class C Common Stock). |
| 05/16/2024 | Date of signature for the Form 4 filing. |
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