other material
confidence high
sentiment neutral
materiality 0.40
Under Armour enters $300M accelerated share repurchase with three banks
Under Armour, Inc.
- Entered ASR agreements with JPMorgan, Bank of America, and Citibank to repurchase $300M of Class C common stock.
- Initial delivery of ~16.2M shares; final settlement expected in May 2022 based on VWAP less discount.
- Part of $500M buyback program approved Feb 23, 2022; $200M authorization remains after ASRs.