American entrepreneur Jay Schottenstein is the Executive Chairman and Chief Executive Officer of American Eagle Outfitters, Inc. Jay became CEO in 1992 and along with his father, Jerome Schottenstein, helped transform AEO into a global leader in casual and affordable apparel. Under his leadership, AEO launched its first denim line in 1997 and today sells more than $1 billion in jeans annually. Jay was instrumental in the launch of Aerie; a brand focused on innerwear, activewear, and swimwear that is both fashionable and comfortable. Recently, Aerie surpassed $1 billion in revenue and has emerged as a retail pioneer in diversity, inclusivity, and body positivity.
In his years as CEO and Executive Chairman, AEO has expanded from one brand into a multi-brand, specialty retailer. AEO is the parent organization for American Eagle, Aerie, Todd Snyder, and Unsubscribed.
Jay has decades of experience in retail and brand development. He currently oversees a network of influential American retailers, including American Signature, Inc., Designer Brands, Inc., and Schottenstein Stores Corp. He is also a Chairman of SB360 Capital Partners.
In addition to his business and entrepreneurial endeavors, Jay and his wife, Jeanie, share a passion for giving, creating the Jay and Jeanie Schottenstein Foundation in 1985. The Schottensteins are also proponents of heart health, having endowed $2 million to The Ohio State University to award the Jay and Jeanie Schottenstein Prize in Cardiovascular Sciences to physicians and students who are at the forefront of cardiovascular science. The AEO Foundation was also established under Jay’s leadership. Through the foundation, AEO supports community organizations focused on mental health, education and anti-bias.
Jay and his wife live in Miami, FL and have three children. He is a graduate of Indiana University Bloomington.
What is Jay L. Schottenstein's net worth?
The estimated net worth of Jay L. Schottenstein is at least $32.67 million as of September 19th, 2024. Mr. Schottenstein owns 1,771,851 shares of American Eagle Outfitters stock worth more than $32,672,932 as of November 17th. This net worth approximation does not reflect any other assets that Mr. Schottenstein may own. Additionally, Mr. Schottenstein receives an annual salary of $8,490,000.00 as Executive Chairman and CEO at American Eagle Outfitters. Learn More about Jay L. Schottenstein's net worth.
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Has Jay L. Schottenstein been buying or selling shares of American Eagle Outfitters?
Jay L. Schottenstein has not been actively trading shares of American Eagle Outfitters in the last ninety days. Most recently, Jay L. Schottenstein sold 999,999 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a transaction totalling $20,039,979.96. Following the completion of the sale, the chief executive officer now directly owns 1,771,851 shares of the company's stock, valued at $35,507,894.04. Learn More on Jay L. Schottenstein's trading history.
Who are American Eagle Outfitters' active insiders?
American Eagle Outfitters' insider roster includes Steven Davis (Director), Jennifer Foyle (Insider), Charles Kessler (Insider), Thomas Ketteler (Director), Andrew McLean (EVP), Cary McMillan (Director), Michael Rempell (EVP), David Sable (Director), Jay Schottenstein (Executive Chairman and CEO), Stacy Siegal (EVP), and Noel Spiegel (Director). Learn More on American Eagle Outfitters' active insiders.
Are insiders buying or selling shares of American Eagle Outfitters?
During the last twelve months, insiders at the apparel retailer sold shares 14 times. They sold a total of 1,252,232 shares worth more than $25,496,529.93. The most recent insider tranaction occured on October, 16th when Director Cary D. Mcmillan sold 2,283 shares worth more than $49,061.67. Insiders at American Eagle Outfitters own 7.3% of the company.
Learn More about insider trades at American Eagle Outfitters. Information on this page was last updated on 10/16/2024.
