Under Armour Director Mohamed El-Erian Receives 29,880 RSU Award

What Happened

• Mohamed El-Erian, a director of Under Armour, received an award of 29,880.48 restricted stock units (RSUs) on 2026-08-26. The grant was reported on a Form 4 filed 2026-09-02. The transaction price is listed as $0.00 because this was a compensation grant (not a purchase or sale).

Key Details

• Transaction date: 2026-08-26
• Filing date: 2026-09-02 (appears to be outside the standard two-business-day Form 4 reporting window)
• Transaction type/code: A — Award/Grant
• Shares granted: 29,880.48 RSUs
• Price: $0.00 (compensation grant)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: Annual RSU grant under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan (F1)

Context

• RSUs are compensation that typically vest over time and do not represent immediate cash proceeds; they are different from open-market purchases or option exercises. Director RSU grants are commonly routine compensation and should not be taken alone as a bullish or bearish signal. The late filing may have compliance implications but does not change the nature of the grant.