Erik  Gershwind net worth and biography

Erik Gershwind Biography and Net Worth

Erik Gershwind is President and Chief Executive Officer of MSC Industrial Supply Co., a premier distributor of metalworking and maintenance, repair and operations products and services to industrial customers throughout North America. He also is a member of MSC's Board of Directors.

During his 25-year tenure with MSC, Erik has held a series of progressively responsible leadership roles across the business, including Sales, Product Management, Marketing, eCommerce and Strategy. He was appointed Chief Operating Officer in 2009, President in 2011 and Chief Executive Officer in 2013.

As CEO, Erik has led the company's transformation from a spot-buy supplier of industrial products to a trusted advisor helping customers solve their mission-critical challenges on the plant floor. Under Erik's leadership, MSC's strategic investments in people, technology, acquisitions and regional expansion across North America have resulted in revenue growth of approximately 70 percent to $3.4 billon, placing the company at No. 721 on the 2020 Fortune 1000 list. MSC has been named a top place to work by a number of prominent publications, including Forbes and Computerworld magazines.

Erik graduated summa cum laude with a bachelor's degree in economics from the Wharton School of Business at the University of Pennsylvania and magna cum laude from Harvard Law School. He serves as Chair of the Board of Advisors for the University of Pennsylvania Libraries and sits on the Board of Directors for other not-for-profit organizations, including the Sid Jacobson JCC of East Hills, New York and the Riverside Hawks Youth Basketball, a nationally recognized academic and athletic program. Erik also serves on the Board of Directors of several Gershwind Family Foundations. Additionally, Erik serves as co-chair of Major Gifts for The UJA Federation of New York, Long Island chapter. Erik and his wife, Jackie, serve on the Board of Advisors for Cohen Children’s Medical Center, part of the Northwell Health System.

Erik and Jackie reside in Old Westbury, New York with their three children.

What is Erik Gershwind's net worth?

The estimated net worth of Erik Gershwind is at least $132.97 million as of January 18th, 2024. Mr. Gershwind owns 1,417,038 shares of MSC Industrial Direct stock worth more than $132,974,846 as of April 23rd. This net worth estimate does not reflect any other investments that Mr. Gershwind may own. Learn More about Erik Gershwind's net worth.

How do I contact Erik Gershwind?

The corporate mailing address for Mr. Gershwind and other MSC Industrial Direct executives is 75 MAXESS ROAD, MELVILLE NY, 11747. MSC Industrial Direct can also be reached via phone at (516) 812-2000 and via email at [email protected]. Learn More on Erik Gershwind's contact information.

Has Erik Gershwind been buying or selling shares of MSC Industrial Direct?

Erik Gershwind has not been actively trading shares of MSC Industrial Direct during the last ninety days. Most recently, Erik Gershwind sold 15,000 shares of the business's stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $96.15, for a transaction totalling $1,442,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,417,038 shares of the company's stock, valued at $136,248,203.70. Learn More on Erik Gershwind's trading history.

Who are MSC Industrial Direct's active insiders?

MSC Industrial Direct's insider roster includes Kristen Actis-Grande (CFO), Steve Armstrong (SVP), Steven Baruch (EVP), Elizabeth Bledsoe (SVP), Charles Bonomo (VP), Erik Gershwind (CEO), Louise Goeser (Director), Kari Heerdt (SVP), Mitchell Jacobson (Director), Douglas Jones (EVP), Edward Martin, Jr. (SVP), Philip Peller (Director), Gregory Polli (SVP), and Kimberly Shacklett (SVP). Learn More on MSC Industrial Direct's active insiders.

Are insiders buying or selling shares of MSC Industrial Direct?

During the last year, insiders at the industrial products company sold shares 11 times. They sold a total of 283,214 shares worth more than $27,618,506.46. The most recent insider tranaction occured on January, 31st when Director Mitchell Jacobson sold 24,501 shares worth more than $2,433,194.31. Insiders at MSC Industrial Direct own 18.8% of the company. Learn More about insider trades at MSC Industrial Direct.

Information on this page was last updated on 1/31/2024.

Erik Gershwind Insider Trading History at MSC Industrial Direct

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
1/18/2024Sell15,000$96.15$1,442,250.001,417,038View SEC Filing Icon  
1/16/2024Sell7,500$96.00$720,000.001,432,038View SEC Filing Icon  
11/3/2023Sell13,599$97.91$1,331,478.091,339,052View SEC Filing Icon  
11/22/2022Sell50,000$85.18$4,259,000.00463,723View SEC Filing Icon  
5/17/2018Sell30,000$94.56$2,836,800.00117,885View SEC Filing Icon  
1/24/2018Sell25,000$98.66$2,466,500.00117,885View SEC Filing Icon  
1/22/2018Sell104,252$93.96$9,795,517.92117,885View SEC Filing Icon  
1/19/2018Sell37,703$94.16$3,550,114.48117,885View SEC Filing Icon  
1/12/2018Sell30,240$95.28$2,881,267.20117,885View SEC Filing Icon  
5/12/2014Sell25,000$91.53$2,288,250.0033,813View SEC Filing Icon  
1/14/2014Sell16,332$86.17$1,407,328.4433,813View SEC Filing Icon  
1/13/2014Sell13,334$85.03$1,133,790.0250,145View SEC Filing Icon  
1/10/2014Sell20,334$85.17$1,731,846.7863,479View SEC Filing Icon  
8/2/2013Sell25,000$84.31$2,107,750.0034,698View SEC Filing Icon  
5/15/2013Sell5,950$83.50$496,825.00View SEC Filing Icon  
5/14/2013Sell4,050$83.50$338,175.00View SEC Filing Icon  
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Erik Gershwind Buying and Selling Activity at MSC Industrial Direct

This chart shows Erik Gershwind's buying and selling at MSC Industrial Direct by year and by quarter.

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MSC Industrial Direct Company Overview

MSC Industrial Direct logo
MSC Industrial Direct Co., Inc., together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. It offers stock-keeping units through its catalogs and brochures; e-commerce channels, including its website, mscdirect.com; inventory management solutions; and customer care centers, customer fulfillment centers, regional inventory centers, and warehouses. The company serves individual machine shops, manufacturing companies, and government agencies. MSC Industrial Direct Co., Inc. was founded in 1941 and is headquartered in Melville, New York.
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Today's Range

Now: $93.84
Low: $92.58
High: $94.00

50 Day Range

MA: $97.08
Low: $91.10
High: $103.08

2 Week Range

Now: $93.84
Low: $88.14
High: $105.77

Volume

108,600 shs

Average Volume

480,842 shs

Market Capitalization

$5.28 billion

P/E Ratio

16.85

Dividend Yield

3.59%

Beta

0.95