Everyone is talking about AI right now. The talk has been endless ever since ChatGPT was released to the market in late 2022. You might think it’s way too late to invest in AI. But here’s the thing.

Erik Gershwind Biography and Net Worth

CEO and Director of MSC Industrial Direct

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 $106.53 million as of November 11th, 2024. Mr. Gershwind owns 1,402,849 shares of MSC Industrial Direct stock worth more than $106,532,353 as of December 23rd. This net worth estimate does not reflect any other investments that Mr. Gershwind may own. Additionally, Mr. Gershwind receives an annual salary of $1,680,000.00 as CEO and Director at MSC Industrial Direct. Learn More about Erik Gershwind's net worth.
How old is Erik Gershwind?: Mr. Gershwind is currently 53 years old. There are 6 older executives and no younger executives at MSC Industrial Direct. Learn More on Erik Gershwind's age.
What is Erik Gershwind's salary?: As the CEO and Director of MSC Industrial Direct Co., Inc., Mr. Gershwind earns $1,680,000.00 per year. Learn More on Erik Gershwind's salary.
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?: During the last quarter, Erik Gershwind has sold $4,518,000.00 in shares of MSC Industrial Direct stock. Most recently, Erik Gershwind sold 50,000 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $90.36, for a transaction totalling $4,518,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,402,849 shares of the company's stock, valued at $126,761,435.64. 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 and Director), 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 9 times. They sold a total of 310,288 shares worth more than $29,853,097.25. The most recent insider tranaction occured on November, 13th when Director Philip Peller sold 900 shares worth more than $80,163.00. 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 11/13/2024.

Erik Gershwind Insider Trading History at MSC Industrial Direct

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
11/11/2024	Sell	50,000	$90.36	$4,518,000.00	1,402,849
1/18/2024	Sell	15,000	$96.15	$1,442,250.00	1,417,038
1/16/2024	Sell	7,500	$96.00	$720,000.00	1,432,038
11/3/2023	Sell	13,599	$97.91	$1,331,478.09	1,339,052
11/22/2022	Sell	50,000	$85.18	$4,259,000.00	463,723
5/17/2018	Sell	30,000	$94.56	$2,836,800.00	117,885
1/24/2018	Sell	25,000	$98.66	$2,466,500.00	117,885
1/22/2018	Sell	104,252	$93.96	$9,795,517.92	117,885
1/19/2018	Sell	37,703	$94.16	$3,550,114.48	117,885
1/12/2018	Sell	30,240	$95.28	$2,881,267.20	117,885
5/12/2014	Sell	25,000	$91.53	$2,288,250.00	33,813
1/14/2014	Sell	16,332	$86.17	$1,407,328.44	33,813
1/13/2014	Sell	13,334	$85.03	$1,133,790.02	50,145
1/10/2014	Sell	20,334	$85.17	$1,731,846.78	63,479
8/2/2013	Sell	25,000	$84.31	$2,107,750.00	34,698
5/15/2013	Sell	5,950	$83.50	$496,825.00
5/14/2013	Sell	4,050	$83.50	$338,175.00

Erik Gershwind Buying and Selling Activity at MSC Industrial Direct

MSC Industrial Direct Company Overview

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.

Today's Range

Now: $76.07

$75.81

$76.83

50 Day Range

MA: $83.30

$76.77

$90.21

2 Week Range

Now: $76.07

$75.05

$104.76

Volume

159,150 shs

Average Volume

579,592 shs

Market Capitalization

$4.25 billion

P/E Ratio

16.61

Dividend Yield

4.08%

Beta

0.89

$2 Trillion Disappears Because of Fed's Secretive New Move

From Stansberry Research | Ad

$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being carried out by the Fed that has nothing to do with lowering or raising interest rates... but could soon have an enormous impact on your wealth.

Click here to see his new research now.

Erik Gershwind Biography and Net Worth

What is Erik Gershwind's net worth?

How old is Erik Gershwind?

What is Erik Gershwind's salary?

How do I contact Erik Gershwind?

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

Who are MSC Industrial Direct's active insiders?

Are insiders buying or selling shares of MSC Industrial Direct?