The estimated Net Worth of Stewart B Reed is at least $54.7 million dollars as of 23 February 2022. Mr. Reed owns over 40,517 units of Omega Flex Inc stock worth over $40,348,851 and over the last 19 years he sold OFLX stock worth over $14,355,036. In addition, he makes $41,000 as Independent Vice Chairman of the Board at Omega Flex Inc.
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Mr. Reed OFLX stock SEC Form 4 insiders trading
Stewart has made over 3 trades of the Omega Flex Inc stock since 2021, according to the Form 4 filled with the SEC. Most recently he sold 40,517 units of OFLX stock worth $5,580,001 on 23 February 2022.
The largest trade he's ever made was selling 40,517 units of Omega Flex Inc stock on 23 February 2022 worth over $5,580,001. On average, Stewart trades about 11,111 units every 39 days since 2005. As of 23 February 2022 he still owns at least 829,370 units of Omega Flex Inc stock.
You can see the complete history of Mr. Reed stock trades at the bottom of the page.
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Stewart Reed biography
Stewart E. Reed serves as Independent Vice Chairman of the Board of the Company. Mr. Reed has served as the Chairman and Chief Executive Officer of Mestek, Inc., the Company’s former parent corporation. From 2009 to 2013, he was Mestek, Inc.’s Vice Chairman and Chief Operating Officer. Mr. Reed has extensive knowledge and experience in managing and leading large manufacturing enterprises supplying the HVAC industry in which most of our products are distributed, and in corporate finance and accounting, and he is also a significant shareholder of the Company. Mr. Reed is a Class 1 director with a term expiring at the annual meeting of shareholders in 2021.
What is the salary of Stewart Reed?
As the Independent Vice Chairman of the Board of Omega Flex Inc, the total compensation of Stewart Reed at Omega Flex Inc is $41,000. There are 14 executives at Omega Flex Inc getting paid more, with Kevin R. Hoben having the highest compensation of $2,425,216.
How old is Stewart Reed?
Stewart Reed is 72, he's been the Independent Vice Chairman of the Board of Omega Flex Inc since 2018. There are 2 older and 13 younger executives at Omega Flex Inc. The oldest executive at Omega Flex Inc is Kevin R. Hoben, 74, who is the CEO & Chairman.
What's Stewart Reed's mailing address?
Stewart's mailing address filed with the SEC is P.O. BOX 820, , WEST CHESTERFIELD, NH, 03466.
Insiders trading at Omega Flex Inc
Over the last 19 years, insiders at Omega Flex Inc have traded over $71,053,764 worth of Omega Flex Inc stock and bought 17,975 units worth $352,997 . The most active insiders traders include Edward J Trainor, Mark F Albino et Kevin R Hoben. On average, Omega Flex Inc executives and independent directors trade stock every 78 days with the average trade being worth of $256,726. The most recent stock trade was executed by Dean W. Rivest on 28 February 2024, trading 750 units of OFLX stock currently worth $36,488.
What does Omega Flex Inc do?
omegaflex is a leading manufacturer of flexible metal hose, which is used in a variety of applications to carry gases and liquids within their particular applications. these applications include carrying liquefied gases in certain processing applications, fuel gases within residential and commercial buildings and vibration absorbers in high vibration applications. in addition, our flexible metal piping is used to carry other types of gases or fluids in a number of industrial applications where the customer requires a degree of flexibility, an ability to carry corrosive compounds or mixtures, a double containment system, or piping to carry gases or fluids at very high or very low (cryogenic) temperatures. omegaflex manufactures flexible metal hose at its facilities in exton, pennsylvania, with a minor amount of manufacturing performed in banbury, england. the company sells its product through distributors, wholesalers and to original equipment manufacturers (“oems”) throughout north ame
What does Omega Flex Inc's logo look like?
Complete history of Mr. Reed stock trades at Omega Flex Inc
Omega Flex Inc executives and stock owners
Omega Flex Inc executives and other stock owners filed with the SEC include:
-
Kevin R. Hoben,
CEO & Chairman -
Mark F. Albino,
Pres, COO & Director -
Kevin Hoben,
Chairman of the Board, Chief Executive Officer -
Mark Albino,
President, Chief Operating Officer, Director -
Steven Treichel,
Senior Vice President - Corporate Development and Facilities Management -
Dean W. Rivest,
Exec. VP -
Timothy Scanlan,
General Counsel, Corporate Secretary -
Edwin B. Moran,
VP of Sales Residential Markets -
Paul Kane,
Chief Financial Officer, Vice President - Finance -
J. Nicholas Filler,
Lead Independent Director -
James Dubin,
Independent Director -
Bruce Klink,
Independent Director -
David Evans,
Independent Director -
Derek Glanvill,
Independent Director -
Stewart Reed,
Independent Vice Chairman of the Board -
Steven A. Treichel,
Sr. VP of Corp. Devel. & Facilities Management -
Timothy P. Scanlan,
Gen. Counsel & Corp. Sec. -
Matthew F. Unger CPA,
Interim Fin. Director & Financial Controller -
Estate Of John E Reed,
10% owner -
Dean W. Rivest,
Chief Executive Officer -
Matthew Francis Unger,
Vice President - CFO -
Flex, Inc. Omega,
Sr. Vice President -
E Lynn Wilkinson,
VP Finance -
Edward J Trainor,
Director -
Duane E Shooltz,
Senior Vice President -
Lawrence J Cianciolo,
Director -
John E Reed,
Director -
Inc Mestek,
10% owner -
David W Hunter,
Director -
Edwin B. Moran,
President -
Susan B. Asch,
VP, General Counsel, Secretary