Form 4: Under Armour Director Douglas Coltharp Reports Changes in Beneficial Ownership

Director Douglas Coltharp reports acquisition of Class C Common Stock and adjustments to beneficial ownership of Under Armour shares.

Summary

• On January 2, 2025, Douglas Coltharp, a director of Under Armour, Inc., reported changes in his beneficial ownership of the company's securities.
• Coltharp acquired 4,893.54 shares of Class C Common Stock at $0 per share due to deferred director fees.
• Following the transaction, Coltharp directly owns 255,201.41 shares of Class C Common Stock and 54,820.24 shares of Class A Common Stock.
• He also has indirect ownership through trusts and UTMA accounts for his children.
• The report indicates holdings in The Catherine Inzer Coltharp 2021 Trust, the Douglas Edward Coltharp Irrevocable Trust UAD 10/28/2020, and UTMA accounts for his children.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard regulatory filing. The acquisition of shares through deferred compensation is a positive sign, but the document itself is simply a report of transactions.

Positives

• The acquisition of shares reflects Coltharp's continued investment in Under Armour.
• The deferred director fees indicate a commitment to the company's long-term success.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their holdings in the company. It does not necessarily reflect broader industry trends but offers insight into the actions of a key executive at Under Armour.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a key executive.
• The acquisition of shares by a director can be viewed positively by investors.

Key Dates