Form 4: Under Armour Director Douglas Coltharp Reports Future Stock Acquisition as Deferred Compensation

Under Armour Director Douglas E. Coltharp reported the future acquisition of 5,285.61 Class C Common Stock shares on July 1, 2025, as deferred director fees.

Summary

• Douglas E. Coltharp, a Director at Under Armour, Inc., filed a Form 4 statement of changes in beneficial ownership.
• The filing reports the acquisition of 5,285.61 shares of Class C Common Stock.
• This acquisition is scheduled to occur on July 1, 2025.
• The shares were acquired at a price of $0, representing director fees deferred as deferred stock units pursuant to the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
• Following this reported transaction, Douglas E. Coltharp will directly own 266,327.18 shares of Class C Common Stock and 54,820.24 shares of Class A Common Stock.
• He also holds indirect beneficial ownership of Class C and Class A Common Stock through various trusts and UTMA accounts.

Sentiment

Score: 7

Explanation: The sentiment is positive as it indicates a director's increased equity stake and alignment with shareholder interests through deferred compensation, though it is a routine, pre-planned event rather than a discretionary open-market purchase.

Positives

• Director Douglas E. Coltharp is increasing his direct beneficial ownership in Under Armour, Inc. by acquiring 5,285.61 shares of Class C Common Stock.
• The acquisition of shares as deferred director fees indicates management's confidence and alignment with shareholder interests, as compensation is tied to equity performance.

Future Outlook

The reported transaction, an acquisition of Class C Common Stock, is scheduled to occur on July 1, 2025, indicating a future increase in the director's direct equity stake as part of a pre-planned compensation arrangement.

Industry Context

This filing is a standard insider transaction report, common across all publicly traded companies, reflecting a director's compensation structure and equity holdings. It does not provide broader industry trends or specific competitive insights.

Corporate Governance

Related Party Transactions

• Indirect beneficial ownership of 75,532 shares of Class C Common Stock and 75,000 shares of Class A Common Stock through The Catherine Inzer Coltharp 2021 Trust.
• Indirect beneficial ownership of 22,741 shares of Class C Common Stock and 22,914 shares of Class A Common Stock through Douglas Edward Coltharp Irrevocable Trust UAD 10/28/2020.
• Indirect beneficial ownership of 503 shares of Class C Common Stock and 500 shares of Class A Common Stock through UTMA for Child.
• Indirect beneficial ownership of 503 shares of Class C Common Stock and 500 shares of Class A Common Stock through UTMA for Child (2).

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholders due to equity-based compensation, potentially signaling confidence in the company's future performance.
• Management: Reflects the company's established compensation strategy for non-employee directors, which emphasizes equity ownership.

Next Steps

• The acquisition of 5,285.61 shares of Class C Common Stock by Douglas E. Coltharp is scheduled for July 1, 2025.

Key Dates

Keywords

Under Armour, UA, Douglas Coltharp, SEC Form 4, insider transaction, stock acquisition, director compensation, beneficial ownership, Class C Common Stock, Class A Common Stock