Family Dollar CEO to cut company stake again

Matthews, N.C. – Howard Levine, CEO of Family Dollar Stores Inc., intends to reduce his holdings of company stock for the second time in a month. In an SEC filing, Levine said he will sell up to two million shares of Family Dollar stock in an effort to diversify his portfolio.



In February 2015, Levine sold about 1.77 million shares of Family Dollar stock for $134.5 million. Family Dollar is in the process of being acquired by Dollar Tree Inc.