Form 4: Under Armour Director Acquires 5,424 Class C Shares

Under Armour Director Dawn N. Fitzpatrick acquired 5,424.06 shares of Class C Common Stock through deferred director fees.

Summary

• Dawn N. Fitzpatrick, a Director at Under Armour, Inc. [UA], acquired 5,424.06 shares of Class C Common Stock.
• The transaction occurred on January 2, 2026, and was an acquisition (Code A) with a price of $0 per share.
• These shares were acquired as deferred stock units pursuant to the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
• Following this transaction, Dawn N. Fitzpatrick beneficially owns a total of 175,429.96 shares of Class C Common Stock directly.
• No Class A Common Stock (UAA) is beneficially owned by the reporting person.

Sentiment

Score: 6

Explanation: The acquisition of shares by a director, even through deferred compensation, generally indicates alignment of interests with shareholders, which is a mildly positive signal. However, it is a routine compensation event rather than a discretionary open-market purchase, limiting its strong positive impact.

Positives

• The acquisition of shares by a director, even through deferred compensation, aligns the director's interests with those of the shareholders, potentially fostering better long-term decision-making.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

It is a common practice across various industries for non-employee directors to receive a portion of their compensation in the form of equity, such as deferred stock units, to align their interests with long-term shareholder value.

Comparison to Industry Standards

• The practice of compensating directors with equity, specifically deferred stock units, is a standard corporate governance practice widely adopted by publicly traded companies, including peers in the apparel and footwear industry like Nike and Adidas, to align director incentives with shareholder interests.

Corporate Governance

Related Party Transactions

• The acquisition of shares by a director as part of their compensation plan can be considered a related party transaction, though it is a standard and disclosed practice for director remuneration.

Stakeholder Impact

• Shareholders: The equity compensation aligns the director's financial interests with long-term shareholder value, potentially benefiting shareholders through improved governance and strategic decisions.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of shares by a director as part of their compensation plan, which is a standard practice and does not provide new information significant enough to alter an investment recommendation. It is a neutral event for stock valuation.

Keywords

Under Armour, UA, Director Compensation, Insider Transaction, Form 4, Class C Common Stock, Deferred Stock Units, Dawn N. Fitzpatrick