Company: UAA
Filing Date: 2025-06-26
Form Type: DEF 14A
Source: 0001336917-25-000112
Chunk: 36

Company: Under Armour, Inc.
Filing Date: 2025-06-26
Form: DEF 14A
Chunk 36
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 resulting in her final award amount multiplied by 1.15 (or 115% of the amount). This was based on her strong performance against the fiscal year 2025 plan for the North America and LATAM region. Due to departure of Mr. Dausch within six months of the start of the fiscal year, Mr. Dausch did not receive a fiscal year 2025 bonus pursuant to the terms of the Under Armour, Inc. Executive Severance Program. For the amounts paid to the named executive officers, see the “Fiscal Year 2025 Summary Compensation Table” below.

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Bonus Award

As discussed above, following Mr. Plank’s return to the role of President and Chief Executive Officer, in the first quarter of fiscal year 2025 the Human Capital and Compensation Committee approved an updated compensation package consisting of a salary increase, a performance based restricted stock unit award vesting only upon achievement of a share-price hurdle and a time based restricted stock unit award. At the time, it was not contemplated that Mr. Plank would participate in the fiscal year 2025 annual cash incentive plan. However, following the completion of fiscal year 2025, considering factors including Mr. Plank’s and the company’s performance and recent volatility and uncertainty in the stock market related to macroeconomic factors, following discussions with WTW and management, the committee granted Mr. Plank a cash bonus of $1,035,000, which amount equates to a target bonus of 100% of Mr. Plank’s fiscal year 2025 salary at the achieved 115% funding level for the fiscal year 2025 annual cash incentive plan. This award is reflected in the “Fiscal Year 2025 Summary Compensation Table” below.

Equity Awards

Management and the Human Capital and Compensation Committee believe equity awards are an essential component of executive compensation and serve to better align the interests of our executives with those of our stockholders.

The Human Capital and Compensation Committee approves equity awards under our Fourth Amended and Restated 2005 Omnibus Long-Term Incentive Plan, as amended (the “2005 Plan”). The purpose of the 2005 Plan is to enhance our ability to attract and retain highly qualified executives and other persons and to motivate them to improve our business results and earnings for the long-term by providing them with equity holdings in Under Armour. While the committee has the discretion under the terms of the plan to issue awards for shares of our Class A Stock,