The estimated Net Worth of Michael Balmuth is at least $132 million dollars as of 5 September 2024. Mr. Balmuth owns over 14,887 units of Ross Stores stock worth over $1,682,530 and over the last 22 years he sold ROST stock worth over $121,010,212. In addition, he makes $8,988,000 as Chairman of the Board and Senior Advisor at Ross Stores.
Michael has made over 22 trades of the Ross Stores stock since 2011, according to the Form 4 filled with the SEC. Most recently he sold 14,887 units of ROST stock worth $2,266,099 on 5 September 2024.
The largest trade he's ever made was selling 322,584 units of Ross Stores stock on 30 January 2012 worth over $16,319,525. On average, Michael trades about 24,138 units every 55 days since 2003. As of 5 September 2024 he still owns at least 11,133 units of Ross Stores stock.
You can see the complete history of Mr. Balmuth stock trades at the bottom of the page.
Michael Balmuth serves as Chairman of the Board and Senior Advisor of the Company. From 2014 to November 2019, Mr. Balmuth was Executive Chairman of the Board of Directors and from 1996 to 2014, he was Vice Chairman of the Board of Directors and Chief Executive Officer. He also served as President from 2005 to 2009. Previously, Mr. Balmuth was Executive Vice President, Merchandising from 1993 to 1996 and Senior Vice President and General Merchandise Manager from 1989 to 1993. Before joining Ross, he was Senior Vice President and General Merchandising Manager at Bon Marché in Seattle from 1988 to 1989 and Executive Vice President and General Merchandising Manager for Karen Austin Petites from 1986 to 1988.
As the Chairman of the Board and Senior Advisor of Ross Stores, the total compensation of Michael Balmuth at Ross Stores is $8,988,000. There are 1 executives at Ross Stores getting paid more, with Barbara Rentler having the highest compensation of $12,024,300.
Michael Balmuth is 69, he's been the Chairman of the Board and Senior Advisor of Ross Stores since 2019. There are 6 older and 15 younger executives at Ross Stores. The oldest executive at Ross Stores, Inc. is George Orban, 74, who is the Independent Director.
Michael's mailing address filed with the SEC is 5130, Hacienda Drive, Dublin, Alameda County, California, 94568, United States.
Over the last 22 years, insiders at Ross Stores have traded over $369,642,837 worth of Ross Stores stock and bought 35 units worth $5,230 . The most active insiders traders include Michael Balmuth, Stephen D Milligan et Barbara Rentler. On average, Ross Stores executives and independent directors trade stock every 22 days with the average trade being worth of $4,261,261. The most recent stock trade was executed by Michael Balmuth on 5 September 2024, trading 14,887 units of ROST stock currently worth $2,266,099.
meet a fast-growing retail leader. over the past 30+ years, ross stores, inc. has grown from a six-store chain into an $11 billion, fortune 500 company. we operate our off price businesses in a way that keeps costs low so we can pass the savings to our customers. we continue to open new stores and our sales growth has outpaced traditional retailers for the past three years. ross dress for less® has 1,250+ stores in 33 states, the district of columbia and guam. dd’s discounts® has 165+ stores in 15 states. additional information is available at: www.rossstores.com www.ddsdiscounts.com
Ross Stores executives and other stock owners filed with the SEC include: