Form 4: Under Armour Executive Kara Trent Adjusts Stock Holdings, Correcting Prior Filing Error

Under Armour's President of the Americas, Kara Trent, reported a disposition of Class C Common Stock for tax withholding purposes and corrected a clerical error from a previous filing that understated her holdings.

Summary

• Kara Trent, President of the Americas at Under Armour, Inc. (UA), reported a transaction on June 3, 2025.
• The transaction involved the disposition of 20,343 shares of Class C Common Stock.
• This disposition was coded as 'F', indicating it was made to satisfy tax withholding obligations.
• Following this transaction, Ms. Trent beneficially owns 420,697 shares of Class C Common Stock.
• The reported direct holdings have been adjusted to correct a clerical error from a previous Form 4 filing, which had understated her holdings by 1,588 shares of Class C Common Stock.
• The filing also noted that no Class A Common Stock (UAA) is beneficially owned by the reporting person.

Sentiment

Score: 5

Explanation: The filing reports a routine disposition of shares for tax purposes and a correction of a clerical error, neither of which inherently indicates a positive or negative sentiment about the company's performance or outlook.

Positives

• Correction of a clerical error enhances the accuracy of public disclosures regarding executive stock ownership.

Negatives

• Disposition of 20,343 shares, although for tax purposes, reduces the executive's direct ownership in the company.

Future Outlook

N/A

Management Comments

• "These direct holdings have been adjusted to correct a clerical error that was made on a previous Form 4 filing which understated the reporting person's holdings by 1,588 shares of Class C Common Stock."
• "No Class A Common Stock (UAA) is beneficially owned."

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a disposition for tax withholding purposes and a correction of a prior clerical error. It does not provide broader insights into industry trends or the competitive landscape for the athletic apparel and footwear sector.

Corporate Governance

Stakeholder Impact

• Shareholders: Provides updated and corrected information on an executive's stock holdings, enhancing transparency.
• Employees, Customers, Suppliers, Creditors: Minimal direct impact from this specific filing.

Key Dates

Keywords

Under Armour, UA, SEC Form 4, Insider Transaction, Stock Holdings, Class C Common Stock, Kara Trent, Tax Withholding, Clerical Error, Corporate Governance