LeBron James Favoring Old Nikes Marketplace Roundup Cheerios To Make Super Bowl Ad Debut Volkswagen Not Renewing DC United Shirt Deal USOC Teams Up With "Sesame Street" Bryant, Wade Unveil Latest Sneaker Offerings White Sox Sue Bekins Van Lines Marketplace Roundup Fox Sells Out Of Super Bowl XLVIII Inventory Adidas Unveils World Cup Ball
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).