Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 107

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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ed-average fair value of options granted$3.40 Weighted-average assumptions used:Expected volatility51.7 %Expected dividend yield0.0 %Expected life6.25 yearsRisk-free rate4.18 %Exercise price$6.20 Restricted Stock and Restricted Stock Unit AwardsA summary of the Company's restricted stock and restricted stock unit awards activity for the six months ended September 30, 2025 is presented below: Number of Restricted SharesWeighted AverageGrant Date Fair ValueOutstanding as of March 31, 202522,976 $7.58 Granted8,973 6.12 Forfeited(1)(1,286)7.62 Vested(4,182)8.20 Outstanding as of September 30, 202526,481 $6.55 (1) Includes 0.5 million of performance-based restricted stock units awarded to certain executives and key employees under the 2005 Plan during Fiscal 2023, which have been fully forfeited due to the failure to meet the financial performance conditions.The awards outstanding as of September 30, 2025 in the table above includes the following performance-based restricted stock units that were awarded to certain executives and key employees under the 2005 Plan:•2.0 million of performance-based restricted stock unit awards with market conditions that were awarded to the Company's President and CEO under the 2005 plan during the three months ended June 30, 2025. 

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These awards have a weighted average fair value of $4.52 and have vesting that is tied to the achievement of certain stock price targets for the Company's Class C Common Stock. The fair value of these awards was determined on the grant date using a Monte Carlo simulation model.•2.0 million of performance-based restricted stock unit awards with market conditions that were awarded to the Company's President and CEO under the 2005 plan during Fiscal 2025. These awards have a weighted average fair value of $4.13 and have vesting that is tied to the achievement of certain stock price targets for the Company's Class C Common Stock. The fair value of these awards was determined on the grant date using a Monte Carlo simulation model.•0.9 million performance-based restricted stock units, granted during Fiscal 2024, with a weighted average fair value of $6.93. These awards have financial performance conditions with vesting that is tied to the achievement of certain revenue and operating