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Paul Cormier Biography and Net Worth

EVP of Red Hat

Paul Cormier is Chairman of Red Hat. He has been with the company since 2001 and previously served as President and Chief Executive Officer. During his tenure, he has driven much of the company’s open hybrid cloud strategy, playing an instrumental role in expanding Red Hat’s portfolio to a full, modern IT stack based on open source innovation.

Cormier joined Red Hat as Executive Vice President of Engineering, eventually moving into the leadership role of President of Products and Technologies. His leadership and experience in enterprise technology helped to pioneer a commercial business model for open source software, moving open source innovation from passionate communities to broad adoption from the datacenter to the cloud. He is credited with leading efforts to introduce an enterprise subscription model, leading to the development of Red Hat Enterprise Linux®.

Cormier also pioneered the vision for one open hybrid cloud platform that could span traditional, on-premises hardware to multiple clouds. As part of this vision, he has been instrumental in forging strategic partnerships with many leading technology companies, enabling technologies to work across hybrid enterprise IT environments and multiple clouds. Including playing a major role in 2019 when IBM acquired Red Hat for $34 billion — the industry’s largest software acquisition to date.

What is Paul J. Cormier's net worth?: The estimated net worth of Paul J. Cormier is at least $35.59 million as of June 8th, 2017. Mr. Cormier owns 189,578 shares of Red Hat stock worth more than $35,585,686 as of April 23rd. This net worth approximation does not reflect any other investments that Mr. Cormier may own. Learn More about Paul J. Cormier's net worth.
How old is Paul J. Cormier?: Mr. Cormier is currently 62 years old. There are 4 older executives and no younger executives at Red Hat. Learn More on Paul J. Cormier's age.
How do I contact Paul J. Cormier?: The corporate mailing address for Mr. Cormier and other Red Hat executives is 100 EAST DAVIE STREET, RALEIGH NC, 27601. Red Hat can also be reached via phone at 919-754-3700 and via email at [email protected]. Learn More on Paul J. Cormier's contact information.
Has Paul J. Cormier been buying or selling shares of Red Hat?: Paul J. Cormier has not been actively trading shares of Red Hat during the last quarter. Most recently, Paul J. Cormier sold 26,462 shares of the business's stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $91.57, for a transaction totalling $2,423,125.34. Following the completion of the sale, the executive vice president now directly owns 189,578 shares of the company's stock, valued at $17,359,657.46. Learn More on Paul J. Cormier's trading history.
Who are Red Hat's active insiders?: Red Hat's insider roster includes Paul Cormier (EVP), Michael Cunningham (EVP), and James Whitehurst (CEO). Learn More on Red Hat's active insiders.

Paul J. Cormier Insider Trading History at Red Hat

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
6/8/2017	Sell	26,462	$91.57	$2,423,125.34	189,578
6/6/2017	Sell	30,000	$91.16	$2,734,800.00	219,578
6/2/2017	Sell	30,000	$90.35	$2,710,500.00	249,578
5/4/2017	Sell	26,423	$87.52	$2,312,540.96	247,054
4/20/2015	Sell	7,482	$74.11	$554,491.02

Paul J. Cormier Buying and Selling Activity at Red Hat

Red Hat Company Overview

Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows customers to utilize and manage a common hardware infrastructure to run multiple operating systems and applications. The company offers application development-related and other technology solutions, such as Red Hat JBoss Middleware, a solution for developing, deploying, and managing applications; integrating applications, data, and devices; and automating business processes in hybrid cloud environments; The company's application development-related and other technology solutions also includes Red Hat cloud offerings, a software solution that enables customers to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables customers to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables customers to manage large, unstructured, or semi-structured data in hybrid cloud environments. It also provides consulting, support, and training services; and realtime operating system, distributed computing, directory services, and user authentication. Red Hat, Inc. has collaboration with Juniper Networks Expand to provide a unified solution for enterprises designed to manage and run applications and services. The company was formerly known as Red Hat Software, Inc. and changed its name to Red Hat, Inc. in June 1999. Red Hat, Inc. was founded in 1993 and is headquartered in Raleigh, North Carolina.

Today's Range

Now: $187.71

$187.60

$187.81

50 Day Range

MA: $187.71

$187.71

$187.76

2 Week Range

Now: $187.71

$115.31

$189.14

Volume

999,351 shs

Average Volume

1,591,676 shs

Market Capitalization

$33.43 billion

P/E Ratio

67.28

Dividend Yield

N/A

Beta

0.45

Pentagon contract could send this $2 AI stock soaring

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