Form 4: Under Armour Director Karen Katz Acquires Shares as Part of Deferred Compensation Plan

Karen Katz, a director at Under Armour, acquired shares of Class C Common Stock as part of the company's Non-Employee Director Compensation Plan.

Summary

• On October 1, 2024, Karen Katz, a director of Under Armour, acquired 2,691.39 shares of Class C Common Stock.
• The acquisition was part of the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan, with the director fees deferred as deferred stock units.
• Following the transaction, Katz directly owns 178,362.29 shares of Class C Common Stock and 5,120.96 shares of Class A Common Stock.
• Additionally, Katz indirectly owns 2,014 shares of Class C Common Stock and 2,000 shares of Class A Common Stock through the Katz Family Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

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

Future Outlook

The document does not contain any specific forward-looking statements regarding Under Armour's future performance.

Industry Context

Director stock acquisitions are a common occurrence in publicly traded companies and are often part of compensation packages to align the interests of directors with those of shareholders.

Stakeholder Impact

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

Key Dates