other material
confidence high
sentiment positive
materiality 0.70
Under Armour authorizes $500M Class C common stock buyback over two years
Under Armour, Inc.
- Board authorized up to $500M in Class C common stock repurchases on Feb 23, 2022.
- Program expires Feb 23, 2024; may use open market, private, or accelerated repurchases.
- CEO Patrik Frisk says buyback allows cash deployment while preserving investment flexibility.
- Company has no obligation to repurchase any shares; program may be suspended at any time.