Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 139

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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 of 9.63 years.

23

Summary by Award Classification:Stock Options A summary of the Company's stock options activity for the nine months ended December 31, 2024 is presented below:Numberof StockOptionsWeightedAverageExercisePriceWeightedAverageRemainingContractualLife (Years)TotalIntrinsicValueOutstanding at March 31, 20241,578 $19.44 3.82$— Granted, at fair market value— — — — Exercised— — — — Forfeited— — — — Outstanding at December 31, 20241,578 $19.44 3.07$— Exercisable at December 31, 20241,578 $19.44 3.07$— Restricted Stock and Restricted Stock Unit AwardsA summary of the Company's restricted stock and restricted stock unit awards activity for the nine months ended December 31, 2024 is presented below: Number of Restricted SharesWeighted AverageGrant Date Fair ValueOutstanding at March 31, 202420,776 $8.58 Granted9,185 6.33 Forfeited(3,186)7.54 Vested(3,805)9.32 Outstanding at December 31, 202422,970 $7.72 The awards outstanding at December 31, 2024 in the table above includes 2.3 million of performance-based restricted stock units with financial performance conditions that were awarded to certain executives and key employees under the 2005 Plan. The performance-based restricted stock units with financial performance conditions awarded during Fiscal 2025, Fiscal 2024 and Fiscal 2023 have a weighted average fair value of $6.85, $6.93 and $9.13, respectively, and have vesting that is tied to the achievement of certain annual revenue and operating income targets. As of December 31, 2024, the Company deemed the achievement of the targets for the performance-based restricted stock units granted during Fiscal 2024 and Fiscal 2023 to be improbable and as such no stock-based compensation expense was recorded during the three and nine months ended December 31, 2024. As of December 31, 2024, the Company deemed the achievement of the targets for the performance-based restricted stock units awarded during the Fiscal 2025 to be probable and recorded stock-based compensation expense of