Form 4: Under Armour Director Gibbs Acquires Shares Through Deferred Compensation Plan

Director David W. Gibbs acquired 3,439 shares of Under Armour Class C Common Stock through a deferred compensation plan.

Summary

• On October 1, 2024, David W. Gibbs, a director of Under Armour, Inc., acquired 3,439 shares of Class C Common Stock.
• The acquisition was made through the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
• The price per share was $0, indicating the shares were likely received as part of deferred director fees.
• Following the transaction, Gibbs directly owns 112,757.02 shares of Class C Common Stock and indirectly owns 50,000 shares through the SJG Irrevocable Trust.
• No Class A Common Stock (UAA) is beneficially owned.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There is no indication of significant positive or negative implications.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Director share acquisitions are common and often tied to compensation plans. This transaction is typical for publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include deferred stock units as a way to align the interests of directors with those of shareholders.
• Companies like Nike and Adidas also utilize similar compensation structures for their board members.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates