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Marchionne has fifth-largest FCA stake

by Bill Cawthon on

Sergio Marchionne has been taking time from his busy schedule as chief of everything to dabble in the stock market.

After receiving a grant of 4.6 million shares of Fiat S.p.A. in September, the CEO of Fiat Chrysler Automobiles (FCA) exercised his remaining stock options on Monday and now owns 12.1 million shares, or almost 1% of the total.

According to a Bloomberg report, this makes Marchionne FCA’s fifth-largest shareholder, after Exor, the Angelli family holding company, Baillie Gifford & Co Ltd, New York Life Investment Management LLC and Vanguard Group, Inc. (according to Morningstar reports), which have similar stakes.

Marchionne’s holdings are worth $134 million at yesterday’s NYSE closing price ($11.14) after accounting for shares sold to pay for exercising the options and paying the taxes that came due.

Marchionne made about $13.4 million last week when FCAU shares got a big boost from the news FCA would spin off Ferrari.

Bill Cawthon grew up in the auto industry in the 1950s. His Dad worked for Chrysler and Bill spent a number of Saturdays down on the plant floor at Dodge Main in Hamtramck. Bill is also the U.S. market correspondent for, a British auto industry publication, and a member of the Texas Auto Writers Association, which has named the Jeep Grand Cherokee the “SUV of Texas” several times and named the Ram 1500 as the “Truck of Texas” two years running.

Bill has owned five Plymouths (including the only 1962 “Texan”), one Dodge and one Chrysler and is still trying to figure out how to justify a Wrangler. He also has owned at least one of every 1:87 scale model of a Chrysler product. You can reach him directly at (206) 888-7324 or by using the form.

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