El-Erian Mohamed 4

What Happened Mohamed El‑Erian, a director of Under Armour, received an award of 11,830.36 shares (reported as deferred stock units) on April 1, 2026. The filing shows these shares were acquired at $0.00 (transaction code A — award/grant), with a reported value of $0. This reflects deferred director compensation rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (appears timely).
• Transaction type/code: A — Award/grant (deferred stock units).
• Shares acquired: 11,830.36; Price per share reported: $0.00; total cash exchanged: $0.
• Shares owned after transaction: not specified in the excerpted filing.
• Footnote: Director fees were deferred as deferred stock units under the Under Armour, Inc. Fiscal Year 2025 Non‑Employee Director Compensation Plan (F1).

Context These deferred stock units represent compensation deferral for a non‑employee director and are common practice for director pay. Because this was an award (not a market purchase or sale) and reported at $0, it does not reflect a cash investment or disposition by the insider and should be interpreted as routine compensation reporting, not a direct signal of trading intent.