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

Kevin Plank, chief executive officer of Under Armour Inc., listens to a question during a discussion at the Bloomberg Year Ahead: 2015 conference in Washington, D.C., U.S., on Friday, Nov. 14, 2014. The Year Ahead: 2015 brings together global corporate and policy leaders for a deep dive into the economic and industry issues that will be on every CEO's agenda in 2015. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Kevin Plank

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...