Form 4: Under Armour Director Acquires Shares
Statement of Changes in Beneficial Ownership
Under Armour Director Patrick Whitesell acquired 4,464.29 shares of Class C Common Stock through deferred director fees.
Summary
- Patrick Whitesell, a Director at Under Armour, Inc., acquired 4,464.29 shares of Class C Common Stock.
- The acquisition occurred on April 1, 2026, and was a result of director fees being deferred.
- These deferred stock units were acquired under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
- Following this transaction, Whitesell beneficially owns 122,683.43 shares of Class C Common Stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine transaction related to director compensation rather than a significant strategic or financial event.
Positives
- Director acquisition of company stock can signal confidence in the company's future prospects.
- The acquisition was made through a deferred compensation plan, indicating a structured and planned approach to compensation and ownership.
Future Outlook
No specific future outlook or guidance is provided in this filing, as it pertains to a change in beneficial ownership by a director.
Industry Context
StockSavvy.ai notes that director stock acquisitions, particularly through deferred compensation plans, are common within the apparel and athletic footwear industry as a method to align executive interests with shareholder value.
Stakeholder Impact
- Shareholders: The acquisition by a director may be viewed positively as it increases insider ownership, potentially aligning director interests more closely with shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/01/2026 | Transaction Date for acquisition of Class C Common Stock. |
| 04/02/2026 | Signature Date of the filing. |
Keywords
Under Armour, Director, Stock Acquisition, Deferred Compensation, Class C Common Stock, SEC Form 4, Beneficial Ownership
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