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

• On April 1, 2025, Douglas Coltharp, a director of Under Armour, Inc., reported changes in his beneficial ownership of the company's Class A and Class C common stock.
• The changes are due to director fees deferred as deferred stock units pursuant to the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
• Coltharp acquired 5,840.16 shares of Class C Common Stock at $0.
• Following the transaction, Coltharp directly owns 261,041.57 shares of Class C Common Stock.
• Coltharp 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 children.
• Coltharp directly owns 54,820.24 shares of Class A Common Stock.
• Coltharp 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 children.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing, indicating routine transactions. The sentiment is neutral to slightly positive as it reflects continued director investment in the company.

Positives

• The acquisition of shares reflects Coltharp's continued investment in Under Armour.
• Deferred director fees provide a tax-efficient way for directors to increase their stake in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in ownership due to compensation rather than open market transactions.

Comparison to Industry Standards

• Director compensation in the form of stock is a common practice among publicly traded companies, aligning director interests with shareholder value.
• Companies like Nike and Adidas also utilize stock-based compensation for their directors and executives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director ownership.
• The use of deferred stock units as compensation aligns director interests with long-term shareholder value.

Key Dates

Keywords

beneficial ownership, Form 4, Under Armour, director, Douglas Coltharp, Class A Common Stock, Class C Common Stock, deferred stock units, director compensation