Kevin Plank, CEO of US sports brand Under Armour, recently sold $10.67 million in Under Armour stock through a prescheduled trading plan. Mr Plank sold a total of 135,000 shares at an average price of $79.05.

He still holds 11.06 million shares directly and indirectly, worth nearly $900 million.

Under Armour reported a 42% increase of net income in the fourth quarter to $33 million compared with $23 million in the prior year’s period.

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