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John T. Nesser, III net worth and biography

John Nesser, III Biography and Net Worth

Director of Thermon Group

John T. Nesser, III has served as a director since June 2012 and has been our independent chairman of the Board ("Chairman") since July 2019. Since July 2013, Mr. Nesser has served as the co-founder, manager, co-chief executive officer and director of All Coast, LLC ("All Coast"). Following its acquisition of Hercules Offshore Domestic Liftboat Fleet in July 2013, All Coast owns and operates the largest fleet of liftboats for the offshore oil and gas market in the Gulf of Mexico. Mr. Nesser retired as executive vice president and chief operating officer of McDermott International, Inc. (NYSE:MDR) ("McDermott") in 2011. He joined McDermott, a global engineering, procurement, construction and installation company, with a focus on the energy industry, as associate general counsel in 1998 and spent over ten years in various senior management roles, including as general counsel, chief administrative officer and chief legal officer. Previously, he served as a managing partner of Nesser, King & LeBlanc, a New Orleans law firm, which he co-founded in 1985. Mr. Nesser served as a director of Layne Christensen Company (NASDAQ:LAYN) from August 2013 until its acquisition by Granite in June 2018. Mr. Nesser is a member of the Texas and Louisiana Bar Associations (inactive) and is also a member of the Louisiana State University Law Center Board of Trustees. Mr. Nesser holds a B.S. in Business Administration, majoring in finance, and a J.D. from Louisiana State University. We believe that Mr. Nesser’s significant prior experience in the roles of chief operating officer and general counsel and his legal, corporate governance and operational backgrounds make a significant contribution to the Board’s current mix of skills and experience and qualify him to be a director.

What is John T. Nesser, III's net worth?: The estimated net worth of John T. Nesser, III is at least $1.81 million as of August 9th, 2023. Mr. Nesser, III owns 61,000 shares of Thermon Group stock worth more than $1,814,140 as of April 20th. This net worth evaluation does not reflect any other assets that Mr. Nesser, III may own. Learn More about John T. Nesser, III's net worth.
How do I contact John T. Nesser, III?: The corporate mailing address for Mr. Nesser, III and other Thermon Group executives is 7171 SOUTHWEST PARKWAY BUILDING 300 SUITE 200, AUSTIN TX, 78735. Thermon Group can also be reached via phone at (512) 690-0600 and via email at [email protected]. Learn More on John T. Nesser, III's contact information.
Has John T. Nesser, III been buying or selling shares of Thermon Group?: John T. Nesser, III has not been actively trading shares of Thermon Group within the last three months. Most recently, on Wednesday, August 9th, John T. Nesser III bought 1,973 shares of Thermon Group stock. The stock was acquired at an average cost of $26.38 per share, with a total value of $52,047.74. Following the completion of the transaction, the director now directly owns 61,000 shares of the company's stock, valued at $1,609,180. Learn More on John T. Nesser, III's trading history.
Who are Thermon Group's active insiders?: Thermon Group's insider roster includes Kevin Fox (Sr. VP & CFO ), John Nesser, III (Director), and Bruce Thames (Pres). Learn More on Thermon Group's active insiders.
Are insiders buying or selling shares of Thermon Group?: During the last twelve months, Thermon Group insiders bought shares 3 times. They purchased a total of 4,518 shares worth more than $117,672.04. The most recent insider tranaction occured on February, 6th when Director Roger L Fix bought 1,555 shares worth more than $39,963.50. Insiders at Thermon Group own 1.9% of the company. Learn More about insider trades at Thermon Group.
Information on this page was last updated on 2/6/2024.

John T. Nesser, III Insider Trading History at Thermon Group

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
8/9/2023	Buy	1,973	$26.38	$52,047.74	61,000
6/8/2022	Buy	3,500	$16.35	$57,225.00	50,000
6/3/2022	Buy	3,637	$15.55	$56,555.35	46,500
11/12/2021	Buy	1,024	$18.63	$19,077.12
6/3/2021	Buy	1,022	$17.29	$17,670.38	36,250
2/8/2021	Buy	902	$16.20	$14,612.40	34,000
8/10/2020	Buy	326	$14.74	$4,805.24	29,500
6/10/2020	Buy	2,942	$15.90	$46,777.80	27,500
6/14/2019	Buy	356	$23.75	$8,455.00	20,000
6/2/2014	Buy	1,720	$23.48	$40,385.60

John T. Nesser, III Buying and Selling Activity at Thermon Group

Thermon Group Company Overview

Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It provides heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services. The company also offers controls, monitoring, and software systems for the control and management of a heat trace system; environmental heating solutions under the Ruffneck, Norsemen, and Catadyne brands; process heating solutions under the Caloritech brand name; filtration solutions under the 3L Filters brand; and rail and transit solutions under the Hellfire, Velocity, ArcticSense, and other brand names. In addition, it provides transportation heating products, including track and switch heaters, accessories, control panels, rail heaters, gas blower accessories, and air curtains; track and switch heater, gas blower accessories; transit heaters; and velocity heat. Further, the company offers temporary power solutions; heating systems, such as engineered electric heat, explosion proof gas catalytic heaters, heaters for harshest environments, methane abatement, and engineered filtration system; electrically, steam, and fluid heated tubing bundles; and pre-insulated tubing and system accessories tubing bundles. The company serves chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, energy transition/decarbonization, mining and mineral processing, maritime/shipbuilding, semiconductors, pharmaceutical and biotechnology, food and beverage, data centers, and renewables industries through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. was founded in 1954 and is based in Austin, Texas.

Today's Range

Now: $29.74

$29.34

$29.95

50 Day Range

MA: $29.61

$26.52

$33.40

2 Week Range

Now: $29.74

$20.56

$34.07

Volume

169,154 shs

Average Volume

196,116 shs

Market Capitalization

$1.00 billion

P/E Ratio

20.65

Dividend Yield

N/A

Beta

1.18