Buffett Dumps $982 Million in BofA Stock—What Does He Know?

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Richard A. Galanti net worth and biography

Richard Galanti Biography and Net Worth

CFO of Costco Wholesale

Richard Galanti is the executive vice president and chief financial officer for Costco Wholesale, the warehouse club-style grocery retailer he joined in 1984.

Galanti was raised in the grocery store business as the son and nephew of grocery store operators in the south, and he remembers bagging groceries and cleaning floors at age 12. In 1984, he joined Costco as its vice president of finance and quickly moved on to senior vice president and CFO in 1985. By 1993, he had become executive vice president and CFO of the company, the roles he continues to hold today. In 1995, he also assumed a position as director of Costco Wholesale.

Throughout his tenure with what is now the second-largest retailer in the world, Galanti has helped the company grow to $112 billion in annual sales with 81.3 million cardholding members, making it the largest membership warehouse club in the country.

Earlier in his career, Galanti worked in investment banking for Donaldson, Lufkin & Jenrette Securities Corporation in New York. While there, he provided a variety of financial services to both private and public corporate clients.

Galanti is currently on the board of Costco and is serving out a three-year term on the board of the Federal Reserve Bank of San Francisco. He earned his B.S. in economics from the Wharton School at the University of Pennsylvania and his M.B.A. from the Stanford University Graduate School of Business.

What is Richard A. Galanti's net worth?: The estimated net worth of Richard A. Galanti is at least $26.41 million as of October 24th, 2024. Mr. Galanti owns 27,400 shares of Costco Wholesale stock worth more than $26,413,874 as of November 22nd. This net worth approximation does not reflect any other assets that Mr. Galanti may own. Additionally, Mr. Galanti receives a salary of $1,040,000.00 as CFO at Costco Wholesale. Learn More about Richard A. Galanti's net worth.
How old is Richard A. Galanti?: Mr. Galanti is currently 68 years old. There are 6 older executives and no younger executives at Costco Wholesale. Learn More on Richard A. Galanti's age.
What is Richard A. Galanti's salary?: As the CFO of Costco Wholesale Co., Mr. Galanti earns $1,040,000.00 per year. There are 2 executives that earn more than Mr. Galanti. The highest earning executive at Costco Wholesale is Mr. Pierre Riel, Executive VP & COO of International Division, who commands a salary of $1,420,000.00 per year. Learn More on Richard A. Galanti's salary.
How do I contact Richard A. Galanti?: The corporate mailing address for Mr. Galanti and other Costco Wholesale executives is 999 LAKE DRIVE, ISSAQUAH WA, 98027. Costco Wholesale can also be reached via phone at (425) 313-8100 and via email at [email protected]. Learn More on Richard A. Galanti's contact information.
Has Richard A. Galanti been buying or selling shares of Costco Wholesale?: During the past quarter, Richard A. Galanti has sold $1,266,866.88 of Costco Wholesale stock. Most recently, Richard A. Galanti sold 1,416 shares of the business's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a transaction totalling $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares of the company's stock, valued at $24,514,232. Learn More on Richard A. Galanti's trading history.
Who are Costco Wholesale's active insiders?: Costco Wholesale's insider roster includes Claudine Adamo (EVP), Patrick Callans (VP), Patrick Callans (VP), Susan Decker (Director), Kenneth Denman (Director), Richard Galanti (CFO), Daniel Hines (Insider), W. Jelinek (CEO & Director ), W. Jelinek (Director), James Klauer (EVP), James Klauer (EVP), Russell Miller (EVP), Paul Moulton (VP), James Murphy (VP), Joseph Portera (VP), Pierre Riel (EVP), Timothy Rose (VP), James Sinegal (Director), Roland Vachris (VP), Ron Vachris (Pres), and Mary Wilderotter (Director). Learn More on Costco Wholesale's active insiders.
Are insiders buying or selling shares of Costco Wholesale?: In the last year, insiders at the retailer sold shares 19 times. They sold a total of 33,469 shares worth more than $26,139,587.36. The most recent insider tranaction occured on October, 24th when EVP Richard A Galanti sold 1,416 shares worth more than $1,266,866.88. Insiders at Costco Wholesale own 0.2% of the company. Learn More about insider trades at Costco Wholesale.
Information on this page was last updated on 10/24/2024.

Richard A. Galanti Insider Trading History at Costco Wholesale

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
10/24/2024	Sell	1,416	$894.68	$1,266,866.88	27,400
8/15/2024	Sell	500	$874.05	$437,025.00	22,900
8/13/2024	Sell	500	$863.88	$431,940.00	23,800
12/19/2023	Sell	1,112	$680.21	$756,393.52	24,300
11/8/2023	Sell	2,000	$566.09	$1,132,180.00	25,412
10/10/2023	Sell	2,000	$565.57	$1,131,140.00	28,138
6/13/2023	Sell	1,500	$522.02	$783,030.00	23,850
3/14/2023	Sell	2,068	$483.32	$999,505.76	25,350
10/25/2022	Sell	1,500	$477.65	$716,475.00	27,818
10/7/2022	Sell	2,000	$471.12	$942,240.00	29,318
7/14/2022	Sell	1,000	$505.60	$505,600.00	25,750
12/15/2021	Sell	2,218	$554.09	$1,228,971.62
4/29/2021	Sell	2,230	$372.06	$829,693.80	22,871
12/30/2020	Sell	1,000	$374.49	$374,490.00	26,101
8/21/2020	Sell	1,754	$345.00	$605,130.00	18,983
7/10/2020	Sell	2,730	$325.07	$887,441.10	25,415
3/19/2020	Sell	1,448	$306.51	$443,826.48	23,967
11/13/2019	Sell	1,984	$302.80	$600,755.20	26,165
6/20/2019	Sell	3,000	$266.39	$799,170.00	27,582
3/12/2019	Sell	4,188	$230.47	$965,208.36	30,082
10/30/2018	Sell	4,163	$227.23	$945,958.49	32,270
6/15/2018	Sell	2,406	$207.11	$498,306.66	25,474
1/12/2018	Sell	5,000	$191.62	$958,100.00	32,880
11/10/2017	Sell	3,000	$170.95	$512,850.00	35,225
10/20/2017	Sell	5,000	$160.58	$802,900.00	41,396
12/15/2016	Sell	1,560	$160.22	$249,943.20	30,895
11/11/2016	Sell	3,111	$148.89	$463,196.79	33,539
11/7/2016	Sell	1,930	$143.53	$277,012.90	36,650
7/11/2016	Sell	2,400	$167.08	$400,992.00	30,536
10/29/2015	Sell	1,500	$158.29	$237,435.00	31,336
10/27/2015	Sell	3,452	$157.30	$542,999.60	32,836
10/9/2015	Sell	5,500	$152.87	$840,785.00	40,446
3/6/2015	Sell	5,214	$149.47	$779,336.58
12/17/2014	Sell	3,000	$139.29	$417,870.00
11/7/2014	Sell	3,999	$137.62	$550,342.38
10/30/2014	Sell	4,165	$133.16	$554,611.40
10/29/2014	Sell	7,288	$131.91	$961,360.08
10/9/2014	Sell	4,065	$130.54	$530,645.10
8/20/2014	Sell	6,000	$121.16	$726,960.00
8/14/2014	Sell	12,068	$118.97	$1,435,729.96
11/1/2013	Sell	17,081	$119.18	$2,035,713.58
10/31/2013	Sell	2,081	$118.11	$245,786.91
10/29/2013	Sell	7,289	$118.53	$863,965.17

Richard A. Galanti Buying and Selling Activity at Costco Wholesale

Costco Wholesale Company Overview

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories. It offers merchandise, such as sundries, dry groceries, candies, coolers, freezers, deli, liquor, and tobacco; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products. The company also operates gasoline, pharmacies, optical, food courts, hearing-aid centers, and tire installation centers; and offers business delivery, travel, grocery, and various other services online. It also operates e-commerce websites. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.

Today's Range

Now: $964.01

$958.52

$976.30

50 Day Range

MA: $901.18

$873.59

$964.01

2 Week Range

Now: $964.01

$582.83

$976.30

Volume

2,076,358 shs

Average Volume

1,928,649 shs

Market Capitalization

$427.12 billion

P/E Ratio

58.18

Dividend Yield

0.50%

Beta

0.8

Buffett Dumps $982 Million in BofA Stock—What Does He Know?

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Buffett's been eerily quiet about his reasons, but his actions speak volumes. When someone with his track record starts pulling out of the market, it's time to pay attention.

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Richard Galanti Biography and Net Worth

What is Richard A. Galanti's net worth?

How old is Richard A. Galanti?

What is Richard A. Galanti's salary?

How do I contact Richard A. Galanti?

Has Richard A. Galanti been buying or selling shares of Costco Wholesale?

Who are Costco Wholesale's active insiders?

Are insiders buying or selling shares of Costco Wholesale?