Form 4: Under Armour Chief Supply Chain Officer Reports Stock Transaction and Corrects Prior Filing

Under Armour's Chief Supply Chain Officer, Shawn Curran, reported the disposition of 25,856 shares of Class C Common Stock for tax withholding purposes and corrected a clerical error from a previous filing, adjusting his beneficial ownership to 426,244 shares.

Summary

• Shawn Curran, Chief Supply Chain Officer of Under Armour, Inc. (UA), filed a Form 4 with the SEC.
• The filing reports a transaction on June 3, 2025, involving the disposition of 25,856 shares of Class C Common Stock.
• This disposition was made to the issuer at a price of $0, which typically indicates shares withheld for tax obligations related to the vesting of equity awards.
• Following this transaction, Mr. Curran beneficially owns 426,244 shares of Class C Common Stock.
• The reported direct holdings have been adjusted to correct a clerical error from a previous Form 4, which had understated his holdings by 2,089 shares of Class C Common Stock.
• Mr. Curran does not beneficially own any Class A Common Stock (UAA).

Sentiment

Score: 6

Explanation: The filing is neutral to slightly positive due to the transparency of correcting a clerical error, which enhances data accuracy. The disposition of shares for tax purposes is a routine event and not indicative of negative sentiment.

Positives

• The correction of a clerical error in a previous filing demonstrates transparency and accuracy in regulatory reporting.

Negatives

• The disposition of shares, even for tax purposes, reduces the insider's direct ownership in the company.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• "These direct holdings have been adjusted to correct a clerical error that was made on a previous Form 4 filing which understated the reporting person's holdings by 2,089 shares of Class C Common Stock."
• "No Class A Common Stock (UAA) is beneficially owned."

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context. It reflects an individual executive's stock ownership changes within Under Armour, a global athletic apparel and accessories company.

Comparison to Industry Standards

• Form 4 filings are standard regulatory disclosures for insider transactions across all publicly traded companies.
• The disposition of shares for tax withholding purposes is a common practice when equity awards vest for executives in the apparel industry, similar to practices at companies like Nike or Adidas.
• The correction of a clerical error is also a standard amendment process to ensure accurate public records, aligning with best practices for corporate transparency.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership and routine compensation-related transactions. The correction of a prior error improves data reliability for investors.
• Employees: No direct impact on general employees, but relevant for executives with similar equity compensation structures.

Next Steps

• No specific future actions or milestones are mentioned in this regulatory filing beyond the reporting of the transaction.

Key Dates

Recommendation

Keywords

Under Armour, UA, Form 4, Insider Trading, Shawn Curran, Stock Ownership, Class C Common Stock, SEC Filing, Executive Compensation