Jack Markell
U.S. Representative to Organization for Economic Cooperation & Development w/rank of Ambassador
Observations
  • Millionaire
Estimated Net Worth
  • estimated net worth
    $7.1 M - $16.3 M
Salary
  • salary
    Unknown

Financial Disclosure Details - OGE Form 278e (04/06/2021)

Positions Held Outside United States Government

#
Organization
City
Position
To
1
Arlington, Virginia
Member, Board of Directors
Present
2
Las Vegas, Nevada
Member, Board of Directors
Present
3
Washington, District of Columbia
consultant
6/2020
4
Baltimore, Maryland
Member, Board of Directors
Present
5
Indianapolis, Indiana
Member, Board of Directors
Present
6
Philadelphia, Pennsylvania
Member, Board of Directors
Present
7
Woodland Park, New Jersey
Consultant
Present
8
Arlington, Virginia
Member, Board of Directors
Present
9
New York, New York
Member, Board of Directors
Present
10
Denver, Colorado
consultant/advis or
Present

Employment Assets & Income and Retirement Accounts

#
Description
Value
Income Type
Income Amount
1
Rollover IRA
1.1
First American Gov't. Obligations CL Z
$50,001 - $100,000
None (or less than $201)
1.2
Vanguard GNMA Fund
$50,001 - $100,000
None (or less than $201)
1.3
Brown Advisory Total Return Fund
$100,001 - $250,000
None (or less than $201)
1.4
Exact Sciences Corp.
$15,001 - $50,000
None (or less than $201)
1.5
MiMedx Group, Inc.
$100,001 - $250,000
None (or less than $201)
1.6
Brown Adv. Small Cap Growth CI Inv
$15,001 - $50,000
None (or less than $201)
1.7
Brown Adv. Small Cap Growth Inst.
$50,001 - $100,000
None (or less than $201)
1.8
Brown Adv. Flexible Equity
$100,001 - $250,000
None (or less than $201)
1.9
Brown Advisory Sustainable Growth
$50,001 - $100,000
None (or less than $201)

Employment Agreements and Arrangements

#
Employer Or Party
City
Status And Terms
Date
1
Wilmington, Delaware
I will continue to participate in this defined contribution plan, and the plan sponsor will continue to make contributions.
9/2017
2
Las Vegas, Nevada
Pursuant to company policy, all unvested options will be fully vested when I leave the Board, and I will retain my vested stock options.
6/2019
3
Las Vegas, Nevada
Pursuant to company policy, all unvested restricted stock units will fully vest when I leave the Board. Upon the vesting of the RSU's, they immediately convert to shares of common stock which I am free to hold or sell.
6/2020
4
Arlington, Virginia
Pursuant to company policy for senior executives and directors who leave the company for government service, 12 months of unvested options will be vested upon departure for government service. In addition, the expiration date for my exercise of vested stock options will be 90 days after I depart government service. I will retain my vested stock options.
3/2019
5
New York, New York
All of my options have fully vested.Pursuant to company practice for senior executives or directors who leave the company not for cause and who are 1) not going to a competitor and b) not recruiting company employees, the expiration date for exercising options will be one year from the time of departure, I will retain my options for that year and at that time would be required to decide whether or not I would exercise the options.
4/2017
6
Menlo Park, California
Pursuant to company policy, I will forfeit my unvested restricted stock units upon departure from service to the company. I will retain the vested restricted stock units until a liquidity event.
2/2019
7
Denver, Colorado
In August 2018 I was granted Value Units that vested 25% after one year and the balance equally over the next 36 months. The value of these units increase as the equity holder's stake increases in value. Pursuant to company policy, unvested shares will be forfeited upon the conclusion of my service to the company.
8/2018
8
Princeton, New Jersey
I was granted options to purchase 21,375 shares at an exercise price of $.09 per share. Of those, 4750 have vested. Pursuant to company policy, the expiration date for the exercise of options is July, 2030. I will retain these options until that date, at which point, I would be required to decide whether or not to exercise them.
7/2020
9
Princeton, New Jersey
I was granted options to purchase 21,375 shares at an exercise price of $.09 per share. Of those, 16,625 have not yet vested. Pursuant to company policy and the terms of the company’s equity incentive plan, the board has the discretion to accelerate vesting for advisory board members and employees who leave the company to enter public service. The board has determined to fully vest my options. I will retain my vested stock options and must decide prior to the option exercise date of July 30. 2030 whether or not I will exercise them.
7/2020
10
Woodland Park, New Jersey
Pursuant to the terms of the option agreement, I may exercise the options up to six months from the time my service as a consultant to the company comes to an end.
8/2017

Sources of Compensation Exceeding $5,000 in a Year

#
Source
City
Duties
1
Washington, District of Columbia
consultant
2
Arlington, Virginia
member, board of directors
3
Baltimore, Maryland
member, board of directors
4
Las Vegas, Nevada
member, board of directors
5
Indianapolis, Indiana
member, board of directors
6
Philadelphia, Pennsylvania
member, board of directors
7
Woodland Park, New Jersey
consultant
8
Coos Bay, Oregon
consultant
9
Washington, District of Columbia
consulting services (client of GMMB)
10
Arlington, Virginia
member, board of directors

Spouse's Employment Assets & Income and Retirement Accounts

#
Description
Value
Type
Amount
1
Tech Impact (workforce development)
consulting fees
2
Roth IRA
2.1
Brown Advisory Global Leaders Fund
$1,001 - $15,000
None (or less than $201)
3
Inherited IRA
cash distribution
$357
3.1
First American Gov. Obligations
None (or less than $1,001)
None (or less than $201)
3.2
Brown Advisory Global Leaders
$1,001 - $15,000
None (or less than $201)
4
SEP/Traditional IRA
4.1
First American Government Obligations
None (or less than $1,001)
None (or less than $201)
4.2
American Balanced Fund Class F2 Shares (AMBFX)
$1,001 - $15,000
None (or less than $201)
4.3
American Bond Fund of America
$1,001 - $15,000
None (or less than $201)

Other Assets and Income

#
Description
Value
Type
Amount
1
First American Gov't. Obligations CI Z
$50,001 - $100,000
None (or less than $201)
2
First American Gov't. Obligations Income
None (or less than $1,001)
None (or less than $201)
3
Vanguard Short Term Tax Exempt Fund
$50,001 - $100,000
$201 - $1,000
4
Brown Advisory Tax Exempt Bond FundCI Inst
$250,001 - $500,000
$5,001 - $15,000
5
Brown Advisory Small Cap Growth CI Inv
$50,001 - $100,000
None (or less than $201)
6
Vanguard Dividend Growth
$100,001 - $250,000
$1,001 - $2,500
7
Brown Advisory Flexible Equity Fund CI Inv
$15,001 - $50,000
None (or less than $201)
8
Brown Advisory Sustainable Growth CI Inst
$100,001 - $250,000
None (or less than $201)
9
Brown Advisory Small Cap Fundamental Value CI I
$50,001 - $100,000
$201 - $1,000
10
Brown Advisory Global Leaders Fund
$100,001 - $250,000
$201 - $1,000

Transactions

#
Description
Type
Date
Amount
Nothing reported in this section

Liabilities

#
Creditor
Amount
Incurred
Term
1
Tilia Fund I
$15,001 - $50,000
2017
on demand
2
Brown Advisory Private Equity Partners V (TE), LLLP
$15,001 - $50,000
2017
on demand
3
Brown Advisory Investors 2018-TG PIP XI, LLLP
$15,001 - $50,000
2018
on demand
4
Brown Advisory Real Estate Partners II (QP), LLLP
$50,001 - $100,000
2019
on demand
5
Brown Advisory Private Equity Partners VIII (QP), LLLP
$50,001 - $100,000
2019
on demand
6
Brown Advisory Investors 2020-AVF V LLLP
$50,001 - $100,000
2021
on demand
7
Poplar Ventures
$50,001 - $100,000
2019
on demand

Gifts and Travel Reimbursements

#
Source Name
City
Description
Value
Nothing reported in this section

Endnotes

Section
#
Description
2
6
FS Credit Real Estate Income Trust seeks to deliver an alternative source of income through investing in commercial real estate debt
2
7
Some shares received as director fees.
2
19.3
Annie E. Casey is a charitable foundation focused on improving the well-being of American children
2
19.5
Strada Education is a nonprofit corporation that focuses on the school to work pipeline.
8
6
The capital call is an unfunded commitment.

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