Under Armour CEO Kevin Plank to sell nearly 2...

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Under Armour CEO Kevin Plank plans to sell a large chunk of the sportswear maker’s stock currently valued at more than $80 million. Through a pre-arranged trading plan, Plank plans to sell 1.875 million of his personal shares of Under Armour’s Class C common stock and up to 200,000 shares of the company’s Class C common stock held by his charitable foundation, according to a federal filing. The sale is being completed for asset diversification, tax and estate planning and charitable giving purposes,…