Under Armour amends executive severance policy; 1.5x base salary + pro-rated bonus for termination without cause

Under Armour, Inc.

Amended policy applies to named executive officers (excluding Kevin Plank) for terminations without cause.
Severance includes lump sum of 1.5 times annual base salary, pro-rated cash incentive (if employed through first six months), and 18 months of paid medical/dental/vision.
Changes approved by Human Capital and Compensation Committee on August 29, 2022.
Full text of the amended policy to be filed with Under Armour's Q3 FY2023 10-Q.

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