Form 4: Under Armour Director Patrick Whitesell Acquires Shares Through Restricted Stock Unit Grant

Director Patrick Whitesell acquired 18,987.34 shares of Under Armour Class C Common Stock through a restricted stock unit grant on September 4, 2024.

Summary

• Patrick Whitesell, a director of Under Armour, acquired 18,987.34 shares of Class C Common Stock on September 4, 2024.
• The acquisition was part of an annual restricted stock unit grant under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
• Following the transaction, Whitesell directly owns 69,682.81 shares of Class C Common Stock.
• Whitesell does not beneficially own any Class A Common Stock (UAA).

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, indicating confidence in the company. However, this is part of a pre-defined compensation plan, so it's not necessarily a strong signal.

Positives

• The acquisition of shares by a director signals confidence in the company's future.
• The restricted stock unit grant aligns the director's interests with those of the shareholders.

Industry Context

Director share acquisitions are common and are often viewed positively by investors as they align management's interests with shareholder value.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates