Form 4: Under Armour Executive Shawn Curran Reports Changes in Beneficial Ownership

Shawn Curran, Under Armour's Chief Supply Chain Officer, reports acquisition of Class C Common Stock due to vesting of performance-based restricted stock units.

Summary

• Shawn Curran, Chief Supply Chain Officer at Under Armour, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On May 5, 2025, Curran acquired 92,183 shares of Class C Common Stock.
• On May 15, 2025, Curran acquired 201,613 shares of Class C Common Stock.
• These acquisitions are related to performance-based restricted stock units granted in 2024, which vest based on the company's fiscal year 2025 performance.
• The award will vest in three equal annual installments on June 3, 2025, May 15, 2026, and May 15, 2027.
• Following these transactions, Curran beneficially owns 450,011 shares of Class C Common Stock.
• Curran does not beneficially own any Class A Common Stock (UAA).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating the vesting of previously granted stock units, suggesting the company met certain performance criteria. It doesn't necessarily indicate strong positive or negative sentiment.

Positives

• The vesting of performance-based restricted stock units suggests that Under Armour met certain performance targets for fiscal year 2025.
• Executive ownership can align management's interests with those of shareholders.

Future Outlook

The reporting person's remaining restricted stock units will vest in two further equal annual installments on May 15, 2026 and May 15, 2027.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors often monitor these filings to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The vesting of stock units aligns management's interests with shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates

Keywords

Under Armour, Shawn Curran, Form 4, beneficial ownership, Class C Common Stock, restricted stock units, vesting