Insiders Are Dumping Shares of Fortune Brands Home & Security Inc. (FBHS), Under Armour Inc. (UA) and Crown Holdings Inc. (CCK)

Under Armour Witnessed High Insider Trading Activity on Sell Side

Under Armour Inc. (NYSE:UA) had several executives unload shares earlier this week, but some insider selling was related to freshly-exercised stock options. James H. Hardy, Executive Vice President of Global Operations, sold 32,500 Class A shares on Tuesday at prices that fell between $46.38 and $47.35 per share, cutting his ownership to 38,009 shares. Mr. Hardy also sold 32,500 Class C shares on the same day at prices that ranged from $43.89 to $44.80 per share, reducing the stake to 38,009 shares. Under Armour recently declared a stock dividend pursuant to which all holders of Class A shares received one share of non-voting Class C common stock for each share of Class A common stock, which had the same effect as a two-for-one stock split. Moreover, Chief Digital Officer Robin Thurston sold 17,140 Class A shares on Monday at a weighted average price of $46.47 and 17,140 Class C shares at an average price of $44.38, trimming his both Class A and Class C ownership stakes to 37,491 shares.

The developer, marketer and distributor of branded performance apparel, footwear and accessories has seen its market value gain almost 16% since the beginning of 2016. Just recently, the Baltimore-based athletic gear maker sealed a 10-year deal with the University of California to serve as the school’s shoe and apparel provider; a deal that will replace its more powerful rival Nike Inc. (NYSE:NKE). A little more than a week ago, Under Armour released its financial results for the first quarter of 2016, which followed several price target increases on the part of several financial hubs. Columbus Circle Investors, managed by Clifford G. Fox, owned 1.64 million shares of Under Armour Inc. (NYSE:UA) at the end of 2015.