Form 4: Under Armour Director David W. Gibbs Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director David W. Gibbs reports acquisition of Class C Common Stock and disposal of Class C Common Stock held in trust.
Summary
- On April 1, 2025, David W. Gibbs, a director of Under Armour, Inc., reported changes in beneficial ownership of the company's Class C Common Stock.
- Gibbs acquired 4,713.11 shares of Class C Common Stock through deferred director fees under the company's Fiscal Year 2025 Non-Employee Director Compensation Plan.
- Gibbs also disposed of 50,000 shares of Class C Common Stock held indirectly through the SJG Irrevocable Trust.
- Following these transactions, Gibbs directly owns 121,419.31 shares of Class C Common Stock and indirectly owns 0 shares through the SJG Irrevocable Trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to director compensation and trust transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of Class C Common Stock.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction: acquisition of Class C Common Stock and disposal of Class C Common Stock |
| 04/02/2025 | Date of signature for the Form 4 filing |
Keywords
beneficial ownership, Form 4, Under Armour, director, Gibbs, Class C Common Stock, deferred stock units, SJG Irrevocable Trust
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