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Under Armour (UA) Stock Slips, CEO Plank to Sell Up to 2.07 Million Shares

NEW YORK (TheStreet) -- Shares of Under Armour (UA) were lower in late afternoon trading on Friday as CEO Kevin Plank agreed to a pre-arranged trading plan to sell over 2 million shares of the Baltimore-based sports retailer's stock.

Plank will sell up to 1.875 million class C common shares of Under Armour stock beginning in October and lasting for a sale period of nine months, according to an SEC filing released today.

He will...