Form 4: Under Armour Director Carolyn Everson Acquires Stock Units as Deferred Compensation

Director Carolyn Everson acquired 686.81 Class C Common Stock units of Under Armour as deferred compensation on January 2, 2025.

Summary

• On January 2, 2025, Carolyn Everson, a director of Under Armour, Inc., acquired 686.81 shares of Class C Common Stock.
• The acquisition was a result of deferred director fees under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
• Following the transaction, Everson's beneficial ownership of Class C Common Stock increased to 73,291.14 shares.
• Everson does not beneficially own any Class A Common Stock (UAA).

Sentiment

Score: 7

Explanation: The document reflects a neutral sentiment as it reports a standard transaction related to director compensation. It indicates alignment of interests between the director and the company's shareholders.

Positives

• The acquisition of stock units demonstrates the director's continued investment in the company.

Industry Context

This filing is a routine disclosure of a director's stock acquisition as part of their compensation package, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include stock options or restricted stock units to align the interests of directors with those of shareholders.
• The amount of stock units granted to Carolyn Everson is likely determined by Under Armour's compensation policies and benchmarked against similar companies in the apparel and footwear industry.
• Companies like Nike and Adidas also utilize stock-based compensation for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates