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

Director Douglas Coltharp reports changes in beneficial ownership of Under Armour Class A and Class C common stock due to deferred director fees.

Summary

• Douglas Coltharp, a director of Under Armour, filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's stock.
• The report indicates the acquisition of 4,261.36 shares of Class C Common Stock on October 1, 2024, due to deferred director fees under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
• Coltharp's direct holdings include 250,307.87 shares of Class C Common Stock and 54,820.24 shares of Class A Common Stock.
• He also has indirect holdings through 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 document is a routine regulatory filing. The acquisition of shares through deferred compensation is a neutral to slightly positive indicator.

Positives

• The acquisition of shares through deferred director fees indicates confidence in the company's future.

Future Outlook

The report does not contain any specific forward-looking statements.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in ownership due to director compensation.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of company stock by a director.

Key Dates