Company: UAA
Filing Date: 2025-06-26
Form Type: DEF 14A
Source: 0001336917-25-000112
Chunk: 31

Company: Under Armour, Inc.
Filing Date: 2025-06-26
Form: DEF 14A
Chunk 31
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 footwear industries. Some of the companies within the peer group may compete with us for talent or compare our performance from time to time. The following companies were included in the peer group:

| Fiscal Year 2025 Peer Group |     |                          |     |                        |
| Capri Holdings Limited      |     | Levi Strauss & Co.       |     | Skechers U.S.A., Inc.  |
| Carters, Inc.               |     | lululemon athletica inc. |     | Tapestry, Inc.         |
| Columbia Sportswear Company |     | NIKE, Inc.               |     | Urban Outfitters, Inc. |
| Deckers Outdoor Corporation |     | PVH Corp.                |     | V.F. Corporation       |
| Hanesbrands Inc.            |     | Ralph Lauren Corporation |     |                        |

The Human Capital and Compensation Committee did not target compensation at or near any particular percentile ranking within the peer group or industry survey data or otherwise use this competitive market data to determine the amount or form of executive compensation. Rather the committee used this data as a general assessment of the competitiveness of our executive compensation programs. The committee determined that our executive compensation was reasonable when compared to the peer group and industry data. As discussed throughout this Compensation Discussion and Analysis section, the committee considers many factors in determining executive compensation levels, including the executive’s prior experience, the position and level of responsibility with our company, market competitiveness, and company, business unit and individual performance.

In May 2025, in conjunction with the review of performance against the fiscal year 2025 annual cash incentive plan targets and fiscal year 2026 salaries and annual equity awards for executive officers, the Human Capital and Compensation Committee reviewed tally sheets relating to executive officer compensation that were prepared by management. The tally sheets included summary compensation information for fiscal year 2023 through fiscal year 2025, including base salary, annual cash incentive awards and equity awards, and the value of unvested equity awards vesting in 2025 and future years.

The Human Capital and Compensation Committee reviewed similar tally sheet data in 2024 in conjunction with the approval of fiscal year 2025 base salaries and annual equity awards for executive officers.

Management’s role in determining compensation

As discussed throughout this Compensation Discussion and Analysis section, management makes recommendations to the Human Capital and Compensation Committee on base salaries, annual cash incentive awards, annual equity awards and other types of compensation for executive officers, other than our President and Chief Executive Officer, Mr. Pl