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Mitchell Jacobson net worth and biography

Mitchell Jacobson Biography and Net Worth

Director of MSC Industrial Direct

Mr. Jacobson was appointed our President and Chief Executive Officer in October 1995 and held both positions until November 2003. He continued as our Chief Executive Officer until November 2005. Mr. Jacobson was appointed our Chairman of the Board in January 1998 and became Non-executive Chairman of the Board effective January 1, 2013. Previously, Mr. Jacobson was President and Chief Executive Officer of Sid Tool Co., Inc., our predecessor company and current wholly-owned and principal operating subsidiary from June 1982 to November 2005.

Mr. Jacobson has been instrumental to our past and ongoing growth, which reflects the values, strategy and vision that Mr. Jacobson contributes. His leadership as Chairman, experience in industrial distribution and strategic input are critically important to our Board. In addition, as one of our principal shareholders, Mr. Jacobson provides critical insight and perspective relating to the company’s shareholders.

Mr. Jacobson is the uncle of Erik Gershwind, our President and Chief Executive Officer and a director of the company, and the brother of Marjorie Gershwind Fiverson, Mr. Gershwind’s mother. There are no other family relationships among any of our directors or executive officers.

Mr. Jacobson was appointed a director of Ambrosia Holdings, L.P. in August 2017. Mr. Jacobson previously served as a director of HD Supply Holdings, Inc. from October 2007 to December 2013.

What is Mitchell Jacobson's net worth?: The estimated net worth of Mitchell Jacobson is at least $136.99 million as of January 31st, 2024. Mr. Jacobson owns 1,683,810 shares of MSC Industrial Direct stock worth more than $136,986,363 as of November 20th. This net worth evaluation does not reflect any other assets that Mr. Jacobson may own. Learn More about Mitchell Jacobson's net worth.
How do I contact Mitchell Jacobson?: The corporate mailing address for Mr. Jacobson 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 Mitchell Jacobson's contact information.
Has Mitchell Jacobson been buying or selling shares of MSC Industrial Direct?: Mitchell Jacobson has not been actively trading shares of MSC Industrial Direct in the last ninety days. Most recently, Mitchell Jacobson sold 24,501 shares of the business's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $99.31, for a transaction totalling $2,433,194.31. Following the completion of the sale, the director now directly owns 1,683,810 shares of the company's stock, valued at $167,219,171.10. Learn More on Mitchell Jacobson'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 11 times. They sold a total of 315,864 shares worth more than $30,403,214.19. 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.

Mitchell Jacobson Insider Trading History at MSC Industrial Direct

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
1/31/2024	Sell	24,501	$99.31	$2,433,194.31	1,683,810
1/29/2024	Sell	137,716	$97.66	$13,449,344.56	1,708,311
1/26/2024	Sell	18,746	$97.63	$1,830,171.98	1,846,027
1/22/2024	Sell	51,040	$97.31	$4,966,702.40	1,907,271
7/13/2022	Buy	200,000	$72.25	$14,450,000.00	272,450
5/12/2022	Buy	4,654	$79.19	$368,550.26	72,450
1/29/2021	Buy	67,796	$78.04	$5,290,799.84	67,796
5/22/2018	Sell	100,000	$95.00	$9,500,000.00	50,000
5/17/2018	Sell	8,796	$94.91	$834,828.36	4,398
1/23/2018	Sell	362,753	$94.09	$34,131,429.77	90,000
1/19/2018	Sell	87,803	$94.31	$8,280,700.93	90,000
1/12/2018	Sell	64,040	$95.81	$6,135,672.40
11/20/2017	Sell	104,101	$80.91	$8,422,811.91
11/16/2017	Sell	30,803	$80.64	$2,483,953.92
11/14/2017	Sell	26,306	$79.40	$2,088,696.40
11/10/2017	Sell	11,121	$80.79	$898,465.59
11/6/2017	Sell	13,582	$81.91	$1,112,501.62
11/2/2017	Sell	33,866	$82.39	$2,790,219.74	35,932
8/19/2014	Sell	21,313	$89.63	$1,910,284.19
8/18/2014	Sell	916	$89.49	$81,972.84
7/15/2014	Sell	30,000	$89.58	$2,687,400.00
5/19/2014	Sell	5,710	$90.32	$515,727.20	69,733
5/13/2014	Sell	5,000	$91.62	$458,100.00	75,443
5/9/2014	Sell	44,848	$89.81	$4,027,798.88	30,443
5/7/2014	Sell	25,000	$89.51	$2,237,750.00	25,291
4/10/2014	Sell	12,500	$89.97	$1,124,625.00
1/17/2014	Sell	1,900	$88.61	$168,359.00	82,038
1/16/2014	Sell	25,000	$88.43	$2,210,750.00	83,938
1/14/2014	Sell	90,002	$86.60	$7,794,173.20	107,640
1/10/2014	Sell	40,002	$84.91	$3,396,569.82	97,642
8/5/2013	Sell	12,000	$83.90	$1,006,800.00	37,644
5/20/2013	Sell	30,000	$83.64	$2,509,200.00
5/16/2013	Sell	49,992	$83.95	$4,196,828.40
5/14/2013	Sell	30,000	$82.78	$2,483,400.00
5/10/2013	Sell	45,000	$81.79	$3,680,550.00
5/8/2013	Sell	30,000	$80.81	$2,424,300.00

Mitchell Jacobson 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: $82.66

$81.21

$82.77

50 Day Range

MA: $83.27

$77.79

$90.21

2 Week Range

Now: $82.66

$75.05

$104.76

Volume

72,348 shs

Average Volume

578,925 shs

Market Capitalization

$4.62 billion

P/E Ratio

18.05

Dividend Yield

4.22%

Beta

0.87