Michael C. Forman is the President, CEO, and Chairman of FS Investment Corporation. He’s been at the helm since the company was founded, steering it through the ups and downs of the investment landscape. Forman is a co-founder of FB...

Michael C. Forman is the President, CEO, and Chairman of FS Investment Corporation. He’s been at the helm since the company was founded, steering it through the ups and downs of the investment landscape. Forman is a co-founder of FB Capital Partners, an investment firm active in private equity and real estate. His background is in law; he spent about 20 years practicing corporate and securities law at a major Philadelphia firm before jumping into the investment world. He has launched and led several companies, including those in gaming and asset management, and currently serves as chairman of various boards and organizations, contributing his knowledge back to the community. Despite overseeing these significant operations, his direct compensation from the company is actually $0, as it’s managed through an external advisor. His stock trading activity has shown some fluctuations, with notable trades peaking in values over $10 million during 2021. He holds significant shares in FS KKR Capital Corp., underscoring his commitment to the business.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

F

Michael C. Forman

Founder and CEO of FS Credit Opportunities

Education

B.A. from the University of Rhode Island, J.D. from Rutgers University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

CEO of FS Credit Opportunities for

12 years 5 months (Jan 2013 - Present)

Previous Experience

Chairman and CEO of Franklin Square Holdings, L.P.

Rivals

Competitors/colleagues of Michael C. Forman

Holdings

See how much did Michael C. Forman make over time.

Michael C. Forman has been actively involved in stock trading as the CEO of FS Investment Corporation. His trading activity peaked in 2021, where monthly transactions reached impressive sums, with the highest reaching $10.52 million in August 2021. Over the...

Michael C. Forman has been actively involved in stock trading as the CEO of FS Investment Corporation. His trading activity peaked in 2021, where monthly transactions reached impressive sums, with the highest reaching $10.52 million in August 2021. Over the years, his trading has shown significant fluctuations, indicating an aggressive approach to managing his stakes. As of late 2023, his holdings are predominantly in FS KKR Capital Corp., where he owns about 8.4% of the company’s shares. This ownership in the company reflects a substantial commitment, as Forman has strategically increased his investments, with the most active months seeing trades in the range of $4 to $10 million. This pattern illustrates his confidence in the firm’s trajectory and aligns his personal financial interests closely with the company’s performance.

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Total Stock Sold

$34.51M

FSK

$34.51M

597,220.5 FSK shares

What if they kept their stock?

If Michael C. Forman didn't sell their stock, today they would have:
Extra FSK597,220.5 shares worth $8.39M.
This is -75.68% and $26.11M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Michael C. Forman.

FSK

$3.82M

FSK at $19.56/share

Aug 15, 2024

Sale

FSK

10,090 shares

FSK

Jan 1, 2024

Sale

FSK

10,090 shares

FSK

Jan 1, 2023

Sale

FSK

$112.02K

FSK at $20.41/share

May 24, 2022

Purchase

FSK

10,090 shares

FSK

Jan 1, 2022

Sale

FSK

10,090 shares

FSK

Aug 31, 2021

Sale

FSK

$229.83K

FSK at $22.98/share

Aug 17, 2021

Purchase

FSK

75,052.246 shares

FSK

Jun 16, 2021

Received

FSK

$1.62M

FSK at $3.64/share

May 29, 2020

Sale

FSK

$73.48K

FSK at $6.07/share

Mar 25, 2019

Purchase

Compensation History

See how much did Michael C. Forman make over time.

Michael C. Forman does not receive direct compensation of any kind from FS Investment Corporation. Instead, all executive roles are managed by an external advisor, which is a unique structure for a CEO. Over the years from 2011 to 2018, his reported compensation has consistently shown a total of $0. This unusual approach emphasizes a commitment to aligning the management interests with those of the shareholders rather than personal gain through salary or bonuses. Since he co-founded the firm, his focus has been more on the growth of the company itself rather than personal financial incentives.

Year

2018

Total Compensation

$0.00

Salary

$0.00

Board Justification

The Company does not have direct employees and compensates its executive officers through the Advisor, which is responsible for their compensation.

Bonus

$0.00

Board Justification

The Company does not currently compensate its executive officers directly; all executive officers are employees of the Advisor or its affiliates.

Other

$0.00

Board Justification

The Company does not provide direct compensation to its executive officers, including the CEO, as they are employees of the Advisor.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were reported as vested for the CEO in 2018.

Performance Metrics

The Company does not disclose specific performance metrics for executive compensation as it does not directly compensate its executive officers.