Form 4: Under Armour Chief Legal Officer Reports Stock Transactions

Mehri Shadman, Chief Legal Officer of Under Armour, reports acquisition and disposal of Class C Common Stock and Class A Common Stock.

Summary

• Mehri Shadman, the Chief Legal Officer of Under Armour, filed a Form 4 detailing changes in beneficial ownership.
• On May 5, 2025, Shadman acquired 62,685 shares of Class C Common Stock.
• On May 15, 2025, Shadman disposed of 10,845 shares of Class C Common Stock.
• Shadman directly owns 223,787 shares of Class C Common Stock following the reported transactions.
• Shadman also directly owns 1,570 shares of Class A Common Stock.
• The reporting person was granted performance based restricted stock units tied to performance of the Company in its fiscal year 2025.
• Based on the performance of the Company, the award will now vest in three equal annual installments on June 3, 2025, May 15, 2026 and May 15, 2027.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, indicating neutral sentiment. It simply reports transactions without expressing any positive or negative outlook.

Future Outlook

The reporting person was granted performance based restricted stock units tied to performance of the Company in its fiscal year 2025. Based on the performance of the Company, the award will now vest in three equal annual installments on June 3, 2025, May 15, 2026 and May 15, 2027.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.

Key Dates

Keywords

Form 4, Beneficial Ownership, Under Armour, UA, Mehri Shadman, Chief Legal Officer, Stock Transaction, Class C Common Stock, Class A Common Stock, Restricted Stock Units