Form 4: Under Armour Supply Chain Chief Increases Equity Stake

Chief Supply Chain Officer Shawn Curran acquired 189,013 Class C shares, bringing his total ownership to over 555,000 shares.

Summary

• Shawn Curran, Chief Supply Chain Officer, acquired 189,013 shares of Class C Common Stock on May 14, 2026.
• The acquisition was followed by a disposal of 52,849 shares on May 15, 2026, specifically to satisfy tax withholding obligations.
• Following these transactions, the reporting person directly owns 555,838 shares of Class C Common Stock.
• The reporting person does not currently hold any Class A Common Stock (UAA).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as slightly positive because it increases the executive's 'skin in the game,' although the disposal for taxes is a neutral administrative necessity.

Positives

• Significant increase in direct share ownership by a key executive, totaling 555,838 Class C shares.
• The acquisition of 189,013 shares demonstrates continued alignment between executive compensation and long-term company performance.

Negatives

• A total of 52,849 shares were disposed of, though this was for the purpose of meeting tax liabilities rather than a market sale.

Risks

• Concentration of executive wealth in Class C shares, which typically lack the voting rights associated with Class A shares.

Future Outlook

The transaction reflects routine executive compensation activity and does not provide specific forward-looking financial guidance for the company.

Management Comments

• No specific management commentary was provided in this regulatory filing.

Industry Context

StockSavvy.ai notes that equity-based compensation for supply chain executives is increasingly common in the apparel industry as companies prioritize logistics efficiency and inventory management to compete with peers like Nike and Lululemon.

Comparison to Industry Standards

• The use of Class C (non-voting) shares for executive compensation is a specific structural choice by Under Armour, differing from many S&P 500 companies that primarily use a single class of voting stock.
• The scale of the grant is consistent with C-suite equity awards at mid-to-large cap retail and athletic apparel firms.

Related Party Transactions

• The disposal of 52,849 shares was made to the issuer (Under Armour, Inc.) to satisfy tax obligations.

Stakeholder Impact

• Shareholders may view the increased ownership by the Chief Supply Chain Officer as a sign of commitment to the company's operational strategy.

Next Steps

• Continued monitoring of further insider transactions by other top-tier executives to gauge internal sentiment.

Key Dates

Keywords

Under Armour, UA, Shawn Curran, Insider Trading, Form 4, Executive Compensation, Class C Common Stock, Supply Chain