Form 4: Under Armour Director El-Erian Boosts Stake
Insider Transaction Report
Under Armour Director Mohamed El-Erian acquired 4,437.87 shares of Class C Common Stock through deferred director fees.
Summary
- Mohamed El-Erian, a Director at Under Armour, Inc. (UA), acquired 4,437.87 shares of Class C Common Stock.
- The transaction occurred on January 2, 2026, with a price of $0 per share.
- This acquisition represents director fees deferred as deferred stock units under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
- Following this transaction, El-Erian beneficially owns 212,181.31 shares of Class C Common Stock and 111,650 shares of Class A Common Stock directly.
Sentiment
Score: 6
Explanation: Slightly positive as it indicates a director increasing their stake, albeit through compensation, aligning interests with shareholders.
Positives
- Director Mohamed El-Erian increased his direct beneficial ownership in Under Armour by acquiring 4,437.87 shares of Class C Common Stock.
- The acquisition demonstrates continued alignment of director interests with shareholder value through equity compensation.
Future Outlook
The filing does not contain specific forward-looking statements or guidance beyond the transaction details.
Industry Context
This filing reflects a routine insider transaction related to director compensation, which is a common practice across publicly traded companies to align executive and director interests with long-term shareholder value. It does not provide broader industry insights.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Plan | Director fees were deferred as deferred stock units pursuant to the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan. | 01/02/2026 | This reflects the company's established policy for compensating non-employee directors with equity, aligning their interests with long-term company performance and shareholder value. |
Related Party Transactions
- The acquisition of 4,437.87 shares of Class C Common Stock by Director Mohamed El-Erian represents deferred director fees, which is a related party transaction as it involves compensation to a company insider.
Stakeholder Impact
- Shareholders: The increase in director ownership, even through compensation, can be viewed positively as it aligns the director's financial interests with the company's long-term performance.
- Employees: No direct impact on employees is indicated by this filing.
- Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 01/02/2026 | Date of earliest transaction for the acquisition of Class C Common Stock. |
| 01/05/2026 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Under Armour, UA, Mohamed El-Erian, Director, SEC Form 4, Insider Trading, Stock Acquisition, Deferred Compensation, Class C Common Stock, Corporate Governance
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