secwatch.observer — SEC 8-K summary
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Issuer:     Under Armour, Inc. (UAA)
CIK:        0001336917
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001336917-24-000095
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Under Armour CEO Plank gets compensation package tied to $13 stock price, over 80% performance-based
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- Base salary raised to $900,000 from $500,000, effective July 1, 2024.
- PSU award of 2 million Class C shares (grant-date value $8.26M) vests only if stock averages $13 over 60 consecutive days by March 31, 2028.
- RSU award of $840,000 in Class C stock vests in thirds over three years.
- Over 90% of total compensation is payable in stock; current Class C close was $6.78 on June 3, 2024.
- Both awards forfeited if share-price hurdle not met or employment terminates, with exceptions for death, disability, or change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336917/000133691724000095/0001336917-24-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336917/000133691724000095/ua-20240531.htm
  HTML page:      https://secwatch.observer/filing/0001336917-24-000095

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