In 2023, Erik Gershwind earned $1.68M in total compensation at MSC Industrial Direct Co., including $825.45K salary and $826.58K bonus. Most recently sold 60,939 shares in Jan 2024. Currently holds stock worth $160.42M. Has led MSC Industrial Direct Co. for over 13 years.
Compensation History
Annual executive compensation data for Erik Gershwind, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.68M
Salary
$825.45K
Bonus
$826.58K
Other
$26.15K
Salary
$825.45KBoard Justification
The compensation philosophy is to create a performance-driven culture based on personal accountability by linking rewards to Company and individual performance, while providing a market competitive compensation opportunity to attract, retain, and motivate highly talented associates.
Bonus
$826.58KBoard Justification
Based on Company and individual performance, payouts under the performance bonus plan were at approximately 55% of target for the named executive officers.
Other Compensation
$26.15KBoard Justification
Includes auto allowance and 401(k) match.
Restricted Stock
Board Justification
No stock grants were vested in 2023 as the focus was on performance bonuses and RSUs.
Performance Metrics
The performance metrics for the CEO's compensation included organic revenue growth and adjusted operating margin.
Erik Gershwind
CEO of MSC Industrial Direct Co.
Sector of Economy
Industrials
Born
July 30, 2024 - 1 years ago
CEO of MSC Industrial Direct Co. for
13 years 11 months (Jan 2012 - Present)
Previous Experience
Unknown
Other MSC Industrial Direct Co. CEOs
Holdings
Track Erik Gershwind's stock holdings and portfolio value over time.
Total Stock Sold
$64.14M
$64.14M
774,515 MSM shares
What if they kept their stock?
If Erik Gershwind didn't sell their stock, today they would have:
Extra MSM774,515 shares worth $64.23M.
This is 0.15% and $93.88K more than what they got when they sold the stock.
Insider Trading
Erik Gershwind's recent stock transactions, purchases, and sales filed with the SEC.
$5.88M
MSM at $96.43/share
Jan 18, 2024
Sale
$720.00K
MSM at $96.00/share
Jan 16, 2024
Sale
25,182.081 shares
MSM
Nov 6, 2023
Received
$1.33M
MSM at $97.91/share
Nov 3, 2023
Sale
1,422,124 shares
MSM
Oct 4, 2023
Received
$4.26M
MSM at $85.18/share
Nov 22, 2022
Sale
12,348 shares
MSM
Nov 4, 2022
Received
$2.84M
MSM at $94.56/share
May 16, 2018
Sale
$2.47M
MSM at $98.66/share
Jan 24, 2018
Sale
$9.81M
MSM at $94.07/share
Jan 19, 2018
Sale
Rivals
Compare Erik Gershwind with competitor CEOs and industry peers.
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Bonus
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Stock
$0.00
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$1.06M
Bonus
$1.28M
Other
$182.89K
Total Holdings
$850.82K
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$0.00
Salary
$985.00K
Bonus
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Total Holdings
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Christopher L. Mapes
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2023 Compensation
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$2.59M
Salary
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Bonus
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