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

Director Douglas Coltharp reports acquisition of Class C Common Stock due to deferred director fees and updates to beneficial ownership of Class A and Class C Common Stock.

Summary

• Douglas Coltharp, a director of Under Armour, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On April 1, 2024, Coltharp acquired 5,074.79 shares of Class C Common Stock as deferred stock units under the Under Armour, Inc. Fiscal Year 2024 Non-Employee Director Compensation Plan.
• The filing also reflects Coltharp's direct and indirect ownership of Class A and Class C Common Stock through various trusts and UTMA accounts.
• Coltharp directly owns 221,466.55 shares of Class C Common Stock and 54,820.24 shares of Class A Common Stock.
• He also has indirect ownership through The Catherine Inzer Coltharp 2021 Trust, the Douglas Edward Coltharp Irrevocable Trust UAD 10/28/2020, and UTMA accounts for a child.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document is a standard regulatory filing detailing changes in stock ownership. It doesn't inherently indicate positive or negative sentiment.

Positives

• The acquisition of shares through deferred compensation aligns the director's interests with the company's performance.

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 the director's holdings, which can be of interest to investors.

Stakeholder Impact

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

Key Dates