Company: UAA
Filing Date: 2025-06-26
Form Type: DEF 14A
Source: 0001336917-25-000112
Chunk: 48

Company: Under Armour, Inc.
Filing Date: 2025-06-26
Form: DEF 14A
Chunk 48
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 executive officer in fiscal year 2023, we are only required to provide his fiscal year 2024 and fiscal year 2025 compensation.

The performance period for the fiscal year 2023 awards ended on March 31, 2025. We did not achieve the threshold performance condition, which resulted in the forfeiture in full of the fiscal year 2023 performance awards.

The performance period for the fiscal year 2024 awards continues through the end of fiscal year 2026. However, in the fourth quarter of fiscal year 2024, we determined that the achievement of the threshold performance condition for the fiscal year 2024 awards was not probable. Therefore, we do not currently expect any of the fiscal year 2024 performance awards to vest and expect that they will be forfeited in full.

The performance period for the fiscal year 2025 awards granted to the named executive officers, other than the CEO, ended on March 31, 2025. As discussed above, we achieved between the target and maximum levels of performance for the adjusted operating income performance metric and between the threshold and target levels of performance for the currency neutral net revenue performance metric, which resulted in 107% of the target amount of these awards earned. The fiscal year 2025 performance awards vest in three equal installments in June 2025, May 2026 and May 2027.

As discussed above, the share-price hurdle for the fiscal year 2025 award granted to the CEO was not achieved during fiscal year 2025. If the share-price hurdle is not achieved prior to March 31, 2028, the award will be forfeited in full.

(2) Equity grants included in this table are further described above under the “Compensation Discussion and Analysis” or below in the “Grants of Plan-Based Awards for Fiscal Year 2025” or “Outstanding Equity Awards at 2025 Fiscal Year-End” tables. We have disclosed the assumptions made in the valuation of the stock awards in “Stock Based Compensation” under Note 15 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2025.

(3) See the "Fiscal Year 2025 All Other Compensation” table below.

(4) As discussed above, Mr. Plank returned to the role of President and Chief Executive Officer effective April 1, 2024. Previously, he served as the Executive Chair and Brand Chief. In connection with returning to