Form 4: Under Armour Director Olson Receives RSU Grant

Under Armour Director Eric T. Olson received an annual restricted stock unit grant of Class C Common Stock and disposed of Class A Common Stock, likely for tax purposes.

Summary

• Under Armour Director Eric T. Olson was granted 30,674.85 shares of Class C Common Stock on September 3, 2025, with a transaction price of $0.
• This grant is an annual restricted stock unit award pursuant to the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
• Concurrently, Olson disposed of 13,758.15 shares of Class A Common Stock, also with a reported transaction price of $0, which is typically associated with tax withholding upon RSU vesting.
• Following these transactions, Olson beneficially owns 187,267.48 shares of Class C Common Stock.

Sentiment

Score: 6

Explanation: The filing reports a routine director compensation event, which is neutral to slightly positive as it indicates ongoing director involvement and standard governance practices. The disposition is likely for tax purposes, which is also routine.

Positives

• The grant of 30,674.85 Class C Common Stock shares indicates continued compensation and alignment of a director's interests with the company's performance.
• The transaction is part of a pre-existing, disclosed compensation plan for non-employee directors, indicating standard corporate governance practices.

Negatives

• The disposition of 13,758.15 shares of Class A Common Stock, likely for tax withholding, reduces the director's direct equity holding in that specific class.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, which primarily reports a past transaction.

Industry Context

This Form 4 filing reports a routine director compensation event, which is a standard practice across publicly traded companies to align director incentives with shareholder interests. It does not provide information to assess broader industry trends or competitive positioning for Under Armour.

Comparison to Industry Standards

• The grant of restricted stock units to a non-employee director is a common form of executive and director compensation in the U.S. public market.
• Companies like Nike (NKE) and Lululemon (LULU) also utilize equity-based compensation plans for their directors to foster long-term alignment.
• The specific number of shares granted would typically be benchmarked against peer companies within the apparel and footwear industry, considering the director's role, company size, and overall compensation philosophy, though this filing does not provide such comparative data.

Corporate Governance

Related Party Transactions

• The restricted stock unit grant is a transaction between Under Armour, Inc. and its director, Eric T. Olson, which is a related party transaction. This is a standard compensation practice under a disclosed plan.

Stakeholder Impact

• Shareholders: The grant of equity to a director aligns their interests with shareholders, potentially encouraging long-term value creation. The disposition for tax purposes is a routine event and has minimal direct impact on other shareholders.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving a director's equity compensation. It does not provide new fundamental information about the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The RSU grant is a standard compensation practice, and the associated disposition is likely for tax purposes. Therefore, a 'hold' recommendation is appropriate as this filing alone does not present a compelling reason to buy or sell the stock.

Keywords

Under Armour, UA, Eric T. Olson, Form 4, Insider Trading, Restricted Stock Unit, RSU, Director Compensation, Equity Grant, Class C Common Stock, Class A Common Stock