secwatch.observer — SEC 8-K summary
======================================

Issuer:     Under Armour, Inc. (UAA)
CIK:        0001336917
Form:       8-K
Filed at:   2022-02-25T23:59:59+00:00
Accession:  0001193125-22-053316
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Under Armour enters $300M accelerated share repurchase with three banks
-----------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336917/000119312522053316/0001193125-22-053316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336917/000119312522053316/d55794d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-053316

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer