Form 4: Under Armour Director David W. Gibbs Reports Acquisition of Class C Common Stock

Director David W. Gibbs reports acquiring Class C Common Stock of Under Armour, Inc. through a restricted stock unit grant.

Summary

• On September 4, 2024, David W. Gibbs, a director of Under Armour, Inc., acquired 18,987.34 shares of Class C Common Stock.
• The acquisition was part of an annual restricted stock unit grant under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
• The price per share was $0.
• Following the transaction, Gibbs directly owns 109,318.02 shares of Class C Common Stock.
• Gibbs also indirectly owns 50,000 shares of Class C Common Stock through the SJG Irrevocable Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a routine transaction (stock grant) that aligns director interests with shareholders, which is generally viewed favorably.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Future Outlook

The document does not contain specific forward-looking statements, but the grant is part of the Fiscal Year 2025 Non-Employee Director Compensation Plan.

Industry Context

Director share acquisitions are common and are often viewed positively by investors as they align management's interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock grants to incentivize performance and align interests with shareholders.
• The size of the grant is typical for director compensation at publicly traded companies of Under Armour's size.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it demonstrates director commitment.

Key Dates