Form 4: Under Armour Director Patrick Whitesell Boosts Stake with Deferred Stock Units
Insider Transaction Report
Under Armour Director Patrick Whitesell has increased his beneficial ownership of Class C Common Stock by acquiring 3,709.2 deferred stock units as part of his director compensation plan.
Summary
- Patrick Whitesell, a Director at Under Armour, Inc. (UA), acquired 3,709.2 shares of Class C Common Stock on July 1, 2025.
- The acquisition was made at a price of $0 per share, representing director fees deferred as deferred stock units.
- This transaction was executed pursuant to the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
- Following this transaction, Mr. Whitesell beneficially owns a total of 77,490.37 shares of Class C Common Stock.
- No Class A Common Stock (UAA) is beneficially owned by Mr. Whitesell.
Sentiment
Score: 7
Explanation: The sentiment is positive as a director is increasing their stake in the company, which typically indicates confidence in the company's future performance and aligns their interests with shareholders.
Positives
- The acquisition of additional shares by a director, even through deferred compensation, signals continued alignment of management interests with shareholder interests.
- The transaction increases Director Patrick Whitesell's beneficial ownership, demonstrating his ongoing commitment to the company's performance.
Future Outlook
NA
Industry Context
This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects an individual director's compensation arrangement and stock ownership.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Plan Utilization | Director fees were deferred as deferred stock units pursuant to the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan. | 07/01/2025 | This reflects the ongoing implementation of the company's approved director compensation structure, aligning director incentives with long-term shareholder value. |
Related Party Transactions
- The acquisition of deferred stock units by Director Patrick Whitesell represents compensation for his services, which is a standard related-party transaction under the company's Non-Employee Director Compensation Plan.
Stakeholder Impact
- Shareholders: Increased alignment of director's interests with shareholder value due to increased stock ownership.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date of transaction where 3,709.2 shares of Class C Common Stock were acquired. |
| 07/03/2025 | Date the Form 4 filing was signed and submitted. |
Recommendation
buyKeywords
Under Armour, UA, Patrick Whitesell, Director, Insider Transaction, Form 4, Stock Acquisition, Deferred Stock Units, Director Compensation, Class C Common Stock
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