Form 4: Under Armour CLO Reports Stock Disposition

Chief Legal Officer Mehri Shadman disposed of 23,490 shares of Under Armour Class C Common Stock to satisfy tax obligations.

Summary

• Mehri Shadman, Chief Legal Officer of Under Armour, Inc., reported the disposition of 23,490 shares of Class C Common Stock.
• The transaction occurred on May 15, 2026.
• The shares were disposed of at a price of $0, indicating a tax withholding event related to the vesting of equity awards.
• Following this transaction, the reporting person maintains direct ownership of 165,054 shares of Class C Common Stock and 1,570 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine tax-related transaction rather than a strategic shift or market-driven divestment.

Positives

• The transaction is a routine administrative action related to tax withholding upon the vesting of equity compensation, rather than a discretionary market sale.

Negatives

• Reduction in the total number of shares held directly by a key executive.

Risks

• None identified; this is a standard regulatory disclosure for executive compensation tax compliance.

Future Outlook

Not applicable; this is a historical transaction report.

Industry Context

StockSavvy.ai notes that tax withholding transactions are standard practice for corporate executives at major apparel retailers like Under Armour, Nike, and Lululemon, and do not typically signal a change in management sentiment regarding company performance.

Comparison to Industry Standards

• The transaction aligns with standard executive compensation practices across the consumer discretionary sector.
• The use of 'Code F' (payment of exercise price or tax liability by delivering or withholding securities) is a common industry practice for managing equity-based compensation.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a standard tax-related equity adjustment.

Key Dates

Keywords

Under Armour, UA, Form 4, Insider Trading, Executive Compensation, Stock Disposition