Form 4: Under Armour Director Jerri DeVard Reports Acquisition of Class C Common Stock

Director Jerri DeVard reports acquiring Class C Common Stock and disposing of Class A Common Stock in a recent transaction.

Summary

• On September 4, 2024, Jerri DeVard, a director of Under Armour, Inc., reported a transaction involving the company's stock.
• DeVard acquired 18,987.34 shares of Class C Common Stock at a price of $0 per share.
• DeVard disposed of 1,200 shares of Class A Common Stock.
• Following the reported transactions, DeVard beneficially owns 137,320.03 shares of Class C Common Stock.
• The acquisition of Class C Common Stock was part of an annual restricted stock unit grant under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Positives

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

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company.

Key Dates