Delaney Sells $1Million to $5 Million of His Company Stock
Posted at 10:30 a.m. on June 4, 2013
Freshman Rep. John Delaney, D-Md., who is among the wealthiest members of Congress, reported he sold $1,100,001 to $5,250,000 of stock in his company, CapitalSource Inc., on April 11.
Delaney founded the Chevy Chase, Md., commercial lender in 2000, and its stock (CSE) is currently is traded on the New York Stock Exchange. The company is now headquartered in Los Angeles. The company provides senior debt loans to middle-market companies, many in the health care industry.
Delaney sits on the House Financial Services Committee and the Joint Economic Committee.
In his personal financial disclosure statement filed as a candidate in March 2012 he indicated his 2011 salary at CapitalSource LLC was $673,191. He was listed as co-founder, president, CEO and executive chairman of the board. He also reported owning $5 million to $25 million in CapitalSource LLC stock and $5 million to $25 million in CapitalSource LLC restricted stock. He also listed $1 million to $5 million of CapitalSource stock in his retirement account, and another $1 million to $5 million in the retirement account of his spouse. A family trust has another $$1 million to $5 million in CapitalSource stock.
Delaney has received an extension to file this year’s financial disclosure report, covering 2012, by Aug. 13.