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Actionable news in UA: UNDER ARMOUR Inc,

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

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 he sells all these nonvoting shares, he would still own almost 32 million Class C...