Everson Carolyn 4

What Happened

• Carolyn Everson, a director of Under Armour, was granted 892.86 shares (reported as an acquisition) on April 1, 2026. The filing reports a price of $0.00 for the award — these were deferred stock units awarded as director fees rather than an open-market purchase or sale.
• The award is made under the Under Armour, Inc. Fiscal Year 2025 Non-Employee Director Compensation Plan and is reported as an acquisition of deferred stock units (no cash exchanged). The filing notes that no Class A Common Stock (UAA) is beneficially owned.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-02.
• Transaction type/code: Award/Grant (A) — 892.86 shares at $0.00 reported.
• Shares owned after transaction: filing states no beneficial ownership of Class A Common Stock (UAA).
• Footnote: Director fees were deferred as deferred stock units under the FY2025 Non-Employee Director Compensation Plan.
• Timeliness: Filing appears timely (transaction reported the next day); no 10b5-1 plan, tax withholding, or late-filing remarks listed.

Context

• Deferred stock units (DSUs) typically represent a right to receive shares or cash at a future date (e.g., upon separation or vesting) and do not always convey immediate voting rights or actual share ownership.
• Awards to non-employee directors are common as part of routine compensation and should be viewed as compensation, not necessarily a personal market bet by the director.