United Kingdom

Under Armour's CEO enters pre-arranged stock trading plan to sell company's common stock

Friday, 2 Sep 2016 

Under Armour Inc : Kevin Plank, chairman, CEO entered into a pre-arranged stock trading plan to sell shares of the company’s common stock . Plank beneficially owns approximately 15.9% of the Class A and Class B common stock outstanding as of June 30, 2016 . Plan entered into by Plank provides for sale of up to 1.88 million shares of Class C stock .Says plan also includes Plank's sale of up to 200,000 shares of co's Class C Stock held by his charitable foundation.