Form 4: Under Armour Director El-Erian Acquires Shares

Under Armour Director Mohamed El-Erian acquired 11,830.36 shares of Class A Common Stock through deferred director fees.

Summary

• Mohamed El-Erian, a Director at Under Armour, Inc., acquired 11,830.36 shares of Class A Common Stock.
• The acquisition occurred on April 1, 2026, and was a result of director fees being deferred.
• These deferred stock units were granted under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
• Following this transaction, El-Erian beneficially owns 224,011.67 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine stock acquisition by a director through a compensation plan rather than a significant new investment or divestment.

Positives

• Director acquisition of company stock can signal confidence in the company's future prospects.
• The acquisition was made through a compensation plan, indicating a structured and ongoing incentive for directors.

Future Outlook

This filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that director stock acquisitions, particularly through compensation plans, are common within the apparel and athletic footwear industry as a means to align executive and director interests with shareholder value.

Stakeholder Impact

• Shareholders: The acquisition by a director may be viewed positively as it aligns director interests with those of shareholders.
• Employees: The compensation plan utilized for this acquisition is part of the company's broader compensation strategy for non-employee directors.

Key Dates

Keywords

Under Armour, UA, Form 4, SEC Filing, Director Compensation, Stock Acquisition, Deferred Stock Units, Class A Common Stock, Beneficial Ownership