
Black executive Marvin Ellison’s stake in Lowe’s grows by $5.8 million
Lowe’s CEO Marvin Ellison adds $5.8 million to his stake as shares rise 3.67%, lifting the retailer’s market cap above $120 billion.
Lowe’s CEO Marvin Ellison adds $5.8 million to his stake as shares rise 3.67%, lifting the retailer’s market cap above $120 billion.
The market value of his stake has climbed by $24.08 million, pushing it close to the $250 million mark.
Lowe’s, led by CEO Marvin Ellison, declares $672 million quarterly dividend, up 4%, underscoring its commitment to shareholder value amid market challenges.
This latest gain builds on a previous $9.2 million increase recorded between April 21 and May 8, during which the value of his holdings rose from $159.15 million to $168.35 million.
This decline follows earlier losses from Jan. 27 to Feb. 18, when his stake fell $12.44 million, from $200.78 million to $188.34 million.