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SBD/August 4, 2011/Marketing and Sponsorship
NBA Lockout Watch, Day 35: Bucks G Jennings Interning In Footwear At Under Armour
Published August 4, 2011
SHARING THE WEALTH: In Baltimore, Ryan Sharrow reported Under Armour President, Chair & CEO Kevin Plank has sold 143,100 shares of the company "valued at nearly" $10.4M. An SEC filing indicated that Plank "sold the shares between July 29 and Aug. 2 at prices ranging from $71.51 to $75.35." Plank "has been shedding shares of the Baltimore-based company for the past six months." His moves are "part of a pre-arranged stock plan he entered into in November to divest of up to 1.125 million shares of the company's Class B stock he owns over a 10-month period beginning this month." Sharrow noted the shares "make up about a tenth of Plank's stock in the company" (BIZJOURNALS.com, 8/3).