Under Armour, Inc.

Apparel Manufacturing • Consumer Cyclical • Baltimore, MD, United States • UA (NYQ)

410 468 2512 101 Performance Drive, Baltimore, MD 21230, United States

Quarter: Q4 2027 Reported: November 6, 2025 Sentiment: Neutral

Under Armour, Inc., together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications, as well as for casual use. In addition, the company provides accessories, which include gloves, bags, headwear, and socks; and engages in brand licensing, digital subscription, advertising, and other digital business activities. It primarily offers its products under the UNDER ARMOUR, ARMOUR, HEATGEAR, COLDGEAR, HOVR, UA, PROTECT THIS HOUSE, I WILL, ARMOUR FLEECE, and ARMOUR BRA brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through Brand and Factory House stores and e-commerce websites. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company was incorporated in 1996 and is headquartered in Baltimore, Maryland.

Analysis Summary

Under Armour, Inc. (UA) has made a notable executive announcement, appointing Reza Taleghani as its new Executive Vice President, Chief Financial Officer, and principal financial officer, effective February 2026. This strategic hire is a significant development for the company's leadership team. Mr. Taleghani, age 53, brings a robust background, having served as EVP, CFO, and Treasurer at Samsonite Group S.A. since November 2018. His prior experience includes roles as President and CFO of Brightstar Corp., various leadership positions in investment banking, commercial banking, and asset management at J.P. Morgan, and President and CEO of Sterling Airlines A/S.

The transition plan involves current CFO David Bergman stepping down upon Mr. Taleghani's arrival, but remaining as a senior advisor into the first quarter of fiscal year 2027 to facilitate a seamless handover. Mr. Taleghani's compensation package includes an annual base salary of $825,000, a $250,000 signing bonus, and eligibility for a fiscal year 2026 annual cash incentive plan with a guaranteed 100% payout at his target award level (75% of base salary). He will also receive substantial equity awards upon joining, including a $2,500,000 grant date value in time-based non-qualified stock options for the fiscal year 2026 annual award, a one-time special equity award of $1,500,000 in similar options, and a one-time special restricted cash award of $1,500,000, all vesting in three equal annual installments.

Regarding financial performance, the company announced the issuance of a press release detailing its financial results for the quarter ended September 30, 2025, and scheduled a conference call for November 6, 2025, to discuss these results. However, this specific 8-K filing does not contain any actual financial figures, such as revenue, earnings, or guidance. Therefore, a detailed breakdown of financial performance, growth rates, or market outlook based on specific numbers cannot be provided from this document. The appointment of an experienced CFO like Mr. Taleghani is generally viewed as a positive move for corporate governance and long-term financial stability, suggesting a focus on strategic financial management and operational improvements. No explicit competitive positioning or market trends were discussed in this filing, nor were any specific risk factors or analyst Q&A highlights provided, as the document primarily focuses on the executive change and the announcement of the earnings release.

Key Highlights

• Reza Taleghani appointed as the new Executive Vice President and Chief Financial Officer, effective February 2026.
• Current CFO David Bergman to transition to a senior advisor role for a smooth handover into Q1 FY2027.
• Mr. Taleghani brings extensive financial leadership experience from Samsonite, Brightstar Corp., and J.P. Morgan.
• New CFO's compensation package includes an $825,000 base salary, $250,000 signing bonus, and significant equity awards totaling $5.5 million in grant date value.
• Under Armour announced the release of financial results for the quarter ended September 30, 2025, with a conference call scheduled for November 6, 2025.
• The 8-K filing primarily focuses on the CFO transition and does not contain specific financial performance metrics or guidance.

Financial Metrics

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revenue

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guidance

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Positive Signals

• Appointment of a highly experienced CFO with a strong background in global financial operations.
• Structured transition plan for the outgoing and incoming CFOs, ensuring continuity.
• Attractive compensation package designed to secure top-tier talent.
• Proactive communication regarding the earnings release and upcoming conference call.

Risks & Concerns

— Lack of specific financial performance data in this report prevents a comprehensive assessment of operational or market risks.
— Potential for disruption during the CFO transition period, despite the planned handover.
— No explicit mention of current market challenges or competitive pressures in this filing.
— Reliance on future conference call for detailed financial insights and forward-looking statements.