Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 63

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 63
---
 or other service agreements with the Company. The terms of each agreement set forth the number of units to be granted and the delivery dates for the shares, which range over a multi-year period, depending on the contract. Total stock-based compensation expense related to these awards for the three and nine months ended December 31, 2024 was $1.9 million and $5.6 million, respectively (three and nine months ended December 31, 2023: $2.2 million and $7.0 million, respectively). As of December 31, 2024, the Company had $65.8 million of unrecognized compensation expense associated with these awards expected to be recognized over a weighted average period of 9.63 years.

23

Summary by Award Classification:Stock Options A summary of the Company's stock options activity for the nine months ended December 31, 2024 is presented below:Numberof StockOptionsWeightedAverageExercisePriceWeightedAverageRemainingContractualLife (Years)TotalIntrinsicValueOutstanding at March 31, 20241,578 $19.44 3.82$— Granted, at fair market value— — — — Exercised— — — — Forfeited— — — — Outstanding at December 31, 20241,578 $19.44 3.07$— Exercisable at December 31, 20241,578 $19.44 3.07$— Restricted Stock and Restricted Stock Unit AwardsA summary of the Company's restricted stock and restricted stock unit awards activity for the nine months ended December 31, 2024 is presented below: Number of Restricted SharesWeighted AverageGrant Date Fair ValueOutstanding at March 31, 202420,776 $8.58 Granted9,185 6.33 Forfeited(3,186)7.54 Vested(3,805)9.32 Outstanding at December 31, 202422,970 $7.72 The awards outstanding at December 31, 2024 in the table above includes 2.3 million of performance-based restricted stock units with financial performance conditions that were awarded to certain executives and key employees under the 2005 Plan. The performance-based restricted stock units with financial performance conditions awarded during Fiscal 2025, Fiscal 2024 and Fiscal 2023 have a weighted average