Report: Family Dollar CEO to sell up to 2 million shares

Matthews, N.C. – Howard Levine, CEO of Family Dollar Stores Inc., reportedly plans to sell between one and two million shares of company stock in the next 10 days. According to the Charlotte Business Journal, Levine filed his intention to make the sale with SEC.



Levine owns almost 8.8 million shares (about 7.75%) of Family Dollar’s 114.4 million shares outstanding. SEC restrictions on selling Family Dollar stock in relation to the recently approved Dollar Tree merger have terminated. Activist investor Trian Fund Management LP, which publicly pushed for the Dollar Tree deal, has reduced its Family Dollar Stake from roughly 7% to 2%.