As planned, Kevin Plank, Under Armour (UA)'s chairman and chief executive, has entered into a pre-arranged stock trading plan to sell up to 1,125,000 shares of UA's class B common stock that he personally owns and up to 125,000 shares of the class B stock held by his charitable trust. Both sales are scheduled to take place before the end of this year. The stock that Plank plans to sell is valued at around $108.4 million while the shares sold by the charitable foundation are valued at $12 million.

Topics