Form 4: Under Armour Director David W. Gibbs Reports Changes in Beneficial Ownership

Director David W. Gibbs reports acquisition of Class C Common Stock and adjustments to holdings in Under Armour, Inc.

Summary

• On April 1, 2024, David W. Gibbs, a director of Under Armour, Inc., reported changes in beneficial ownership of the company's stock.
• Gibbs acquired 4,095.44 shares of Class C Common Stock at $0 per share as deferred stock units under the company's Non-Employee Director Compensation Plan.
• Gibbs also indirectly owns 50,000 shares of Class C Common Stock through the SJG Irrevocable Trust.
• Following the reported transaction, Gibbs directly owns 85,817.34 shares of Class C Common Stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company.

Key Dates