The estimated Net Worth of Erik Gershwind is at least $177 Million dollars as of 18 January 2024. Mr. Gershwind owns over 60,939 units of MSC Industrial Direct Co stock worth over $106,863,456 and over the last 19 years he sold MSM stock worth over $66,105,619. In addition, he makes $3,871,790 as President, Chief Executive Officer, and Director at MSC Industrial Direct Co.
Erik has made over 95 trades of the MSC Industrial Direct Co stock since 2006, according to the Form 4 filled with the SEC. Most recently he sold 60,939 units of MSM stock worth $5,884,879 on 18 January 2024.
The largest trade he's ever made was selling 104,252 units of MSC Industrial Direct Co stock on 19 January 2018 worth over $9,795,518. On average, Erik trades about 9,211 units every 40 days since 2006. As of 18 January 2024 he still owns at least 1,371,099 units of MSC Industrial Direct Co stock.
You can see the complete history of Mr. Gershwind stock trades at the bottom of the page.
Erik Gershwind serves as President, Chief Executive Officer, Director of the Company. Mr. Gershwind served as our Executive Vice President and Chief Operating Officer and from October 2011 to January 2013, he served as our President and Chief Operating Officer. Mr. Gershwind was elected by the Board to serve as a director in October 2010. Previously, Mr. Gershwind served as our Senior Vice President, Product Management and Marketing from December 2005 and our Vice President of Product Management from April 2005. From August 2004 to April 2005, Mr. Gershwind served as Vice President of MRO and Inventory Management. Mr. Gershwind has held various positions of increasing responsibility in Product, e-Commerce and Marketing. Mr. Gershwind joined the company in 1996 as manager of our acquisition integration initiative. Mr. Gershwind has held senior management positions responsible for key business functions of the company and is a key contributor to our current strategy and success. In addition, as our Chief Executive Officer, he brings critical perspectives to our Board on our strategic direction and growth strategy. Mr. Gershwind is the nephew of Mitchell Jacobson, our Non-executive Chairman of the Board, and the son of Marjorie Gershwind Fiverson, Mr. Jacobson’s sister. Mr. Jacobson and Ms. Gershwind Fiverson are also our principal shareholders. There are no other family relationships among any of our directors or executive officers.
As the President, Chief Executive Officer, and Director of MSC Industrial Direct Co, the total compensation of Erik Gershwind at MSC Industrial Direct Co is $3,871,790. There are no executives at MSC Industrial Direct Co getting paid more.
Erik Gershwind is 48, he's been the President, Chief Executive Officer, and Director of MSC Industrial Direct Co since 2013. There are 19 older and 3 younger executives at MSC Industrial Direct Co. The oldest executive at MSC Industrial Direct Co., Inc. is Philip Peller, 80, who is the Lead Independent Director.
Erik's mailing address filed with the SEC is C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE, NY, 11747.
Over the last 21 years, insiders at MSC Industrial Direct Co have traded over $718,248,292 worth of MSC Industrial Direct Co stock and bought 279,450 units worth $20,584,730 . The most active insiders traders include Mitchell Jacobson, Marjorie Gershwind, and Roger Fradin. On average, MSC Industrial Direct Co executives and independent directors trade stock every 9 days with the average trade being worth of $2,002,357. The most recent stock trade was executed by Kristen Actis Grande on 31 August 2024, trading 911 units of MSM stock currently worth $71,003.
msc industrial supply co. (nyse:msm) is a leading north american distributor of metalworking and maintenance, repair, and operations (mro) products and services. we help our customers drive greater productivity, profitability and growth with more than 1 million products, inventory management and other supply chain solutions, and deep expertise from 75 years of working with customers across industries. our experienced team of over 6,000 associates is dedicated to working side by side with our customers to help drive results for their businesses - from keeping operations running efficiently today to continuously rethinking, retooling, and optimizing for a more productive tomorrow. for more information on msc, please visit mscdirect.com.
MSC Industrial Direct Co executives and other stock owners filed with the SEC include: