Form 4: Under Armour Director Whitesell Acquires Shares Through Deferred Compensation Plan

Director Patrick Whitesell acquired shares of Under Armour Class C Common Stock through a deferred compensation plan.

Summary

• On April 1, 2025, Patrick Whitesell, a director of Under Armour, acquired 4,098.36 shares of Class C Common Stock.
• The acquisition was made through the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan.
• The shares were acquired at a price of $0.
• Following the transaction, Whitesell beneficially owns 73,781.17 shares of Class C Common Stock.
• Whitesell does not beneficially own any Class A Common Stock (UAA).

Sentiment

Score: 7

Explanation: Director increasing their stake is generally a positive sign, but it's part of a compensation plan, so the impact is moderate.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Industry Context

Director share acquisitions are common and often viewed positively, reflecting alignment between management and shareholder interests. Deferred compensation plans are a typical way to compensate board members.

Comparison to Industry Standards

• Director compensation packages vary across the apparel industry.
• Comparing Whitesell's compensation structure to that of directors at Nike (NKE) or Adidas (ADS.DE) would provide a broader context.
• Stock grants and deferred stock units are common components of director compensation in publicly traded companies.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Under Armour, Director, Whitesell, Class C Common Stock, Deferred Compensation, Beneficial Ownership, UA