Kevin Plank Archive

Under Armour CEO to Sell $72 Million in Stock, Jolting Investors

BALTIMORE, United States — Under Armour Inc. chief executive officer Kevin Plank plans to sell as many as 2.1 million shares in the sportswear company he founded, a stake valued at more than $72 million as of Friday. Plank entered into a prearranged stock trading plan that will be active for nine months starting in October, the company said on Friday in a regulatory filing. If …