It's important for investors to learn more about the primary difference between Class A and B Shares in the stock market.

Google's parent company, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), comes in two flavors. There's the Class C stock with the GOOG ticker, and then we have the Class A stock called GOOGL.

Discover the differences among stock classes, their voting rights, dividend policies, and how companies use them to maintain control or manage investment strategies.

Corporate charters – not the law or the courts – define the difference between the classes of stock, often designated as Class A, B and C.

Here's the key difference between Under Armour stock's Class A and Class C shares.