Company: UAA
Filing Date: 2025-06-26
Form Type: DEF 14A
Source: 0001336917-25-000112
Chunk: 61

Company: Under Armour, Inc.
Filing Date: 2025-06-26
Form: DEF 14A
Chunk 61
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5 for our Chief Executive Officer to that of the median of the annual total compensation for all of our employees (other than our Chief Executive Officer).

We identified our median employee by examining the total cash compensation paid during our fiscal year 2025 to employees who were employed by us on March 17, 2025 (excluding Mr. Plank). This included our full-time, part-time and seasonal employees, subject to certain exceptions for employees in foreign jurisdictions as described below. We believe that total cash compensation reasonably reflects the annual compensation of our employee population, given the limited number of our employees receiving other forms of compensation (such as equity awards). We examined our internal payroll and similar records to determine the total cash compensation paid to our employees included in our calculations. For employees in foreign jurisdictions, we converted amounts paid in foreign currencies to U.S. dollars using the exchange rates we used to prepare our fiscal year 2025 annual financial statements.

As of March 17, 2025, we had approximately 14,400 employees globally, with approximately 9,200 employees located in the United States and approximately 5,200 located outside the United States. Retail salespersons and distribution facility employees comprise the majority of our employees. To determine our median employee, we excluded employees located in certain foreign jurisdictions, as permitted by the SEC’s disclosure rules. The excluded jurisdictions included the countries identified below, which represented approximately 3% of our total employee population:

| Excluded Jurisdiction    |     | Approximate Number of Employees |
| Mexico                   |     |                             293 |
| Malaysia                 |     |                             154 |
| Indonesia                |     |                               9 |
| Total Excluded Employees |     |                             456 |

For calculating the ratio in fiscal year 2025, we determined that our estimated median employee was a part-time employee who worked on average approximately 20 hours per week in one of our retail stores in the United States during fiscal year 2025, with total annual compensation of $12,547. In fiscal year 2025, the total annual compensation of Mr. Plank was $ 10,964,002 . Based on this information, the ratio of the total annual compensation for Mr. Plank to our estimated median employee was approximately 874 to 1.

We believe this ratio represents a reasonable estimate calculated in a manner consistent with the SEC’s disclosure requirements under Item 402(u) of Regulation S-K, which permit the use of estimates, assumptions and adjustments in connection with the identification of our median employee