Form 4: Under Armour Director Carolyn Everson Receives Annual Restricted Stock Grant

Director Carolyn Everson received 18,987.34 shares of Under Armour Class C Common Stock as part of the annual restricted stock unit grant.

Summary

• On September 4, 2024, Carolyn Everson, a director of Under Armour, Inc., acquired 18,987.34 shares of Class C Common Stock.
• This acquisition was part of the annual restricted stock unit grant under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
• Following the transaction, Everson beneficially owns 72,006.24 shares of Class C Common Stock.
• Everson does not beneficially own any Class A Common Stock (UAA).

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant) and doesn't contain any alarming or negative information. It's a neutral event with a slightly positive implication due to alignment of director interests.

Positives

• The grant of restricted stock units aligns the director's interests with those of the company and its shareholders.
• The compensation plan is already in place, so this is an expected event.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Director compensation in the form of stock grants is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock grants to non-employee directors are a standard component of compensation packages in publicly traded companies.
• The size of the grant is likely benchmarked against peer companies in the apparel and retail industry to ensure competitive compensation.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates