Company: UAA
Filing Date: 2025-06-26
Form Type: DEF 14A
Source: 0001336917-25-000112
Chunk: 38

Company: Under Armour, Inc.
Filing Date: 2025-06-26
Form: DEF 14A
Chunk 38
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 May 2026 and May 2027.

The CEO PSU Award and the CEO RSU Award are each subject to the terms and conditions set forth in the related grant agreements, and both awards are subject to Mr. Plank’s continuous employment through the applicable vesting dates (other than in the case of death or disability, in which case, he would receive the 100% of the awards). In the event of a change in control of the company in which the equity awards are not continued, assumed or substituted with a substitute award, the CEO PSU Award will vest in full if either the share-price hurdle was achieved prior to the date of the change in control or if the per share value received by stockholders in the transaction equals or exceeds $13.00 (and otherwise will be forfeited), and the CEO RSU Award will vest in

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full. In the event of a change in control of the company in which substitute awards are provided, the CEO PSU Award will continue based on the terms of the substitute award, and the CEO RSU Award will continue with the same vesting dates as applied prior to the change in control, in each case, subject to full accelerated vesting if Mr. Plank’s employment is terminated by the successor company without cause or he resigns for good reason within two years following the change in control.

Annual Equity Awards for the Other Named Executive Officers for Fiscal Year 2025

As discussed above, for fiscal year 2025 , management recommended, and the committee approved, maintaining our historical practice of granting our named executive officers (other than the CEO as discussed above) 50% time based and 50% performance based restricted stock unit awards for the annual equity award program. The following provides a summary of the fiscal year 2025 annual equity award program for our other named executive officers:

| 50% Time Based Awards        |     | Represents 50% of the total grant date fair value of annual equity awards                                                                                                                                                                                                          
 Vests in three equal annual installments in June 2025, May 2026 and May 2027                                                                                                                                                                                                       
 Promotes long-term retention of executives and alignment with stockholder interests                                                                                                                                                                                                |
| 50% Performance Based Awards |     | Represents 50% of the total grant date fair value of annual equity awards                                                                                                                                                                                                          
 Currency neutral net revenue and adjusted operating income targets over a one-year performance period (fiscal year 2025), with payouts ranging from 25% to 200%