Unveiling Michael Combs Net Worth: A Detailed Analysis

Michael Combs, the CEO and President of Corvel Corp, has an estimated net worth of $9.82 million. As a key figure in the business world, Combs’ financial status has been a subject of interest. In this article, we will delve deep into his net worth, analyzing various aspects of his wealth and shedding light on his financial activities.

Key Takeaways:

  • Michael Combs, CEO and President of Corvel Corp, has an estimated net worth of $9.82 million.
  • He owns approximately 13,829 units of Corvel Corp common stock.
  • Combs has sold approximately $18.53 million worth of stock in the last 7 years.
  • He has been involved in insider trading, with notable purchase and sale orders.
  • Combs’ compensation at Corvel Corp is $1,432,050, making him the highest-paid executive at the company.

Now, let’s dive deeper into Michael Combs’ financial status and explore the intriguing details surrounding his net worth.

Michael Combs’ Insider Trading and Stock Holdings

Michael Combs is actively engaged in insider trading and has a substantial ownership stake in Corvel Corp. He owns approximately 13,829 units of Corvel Corp common stock, which reflects his confidence in the company’s future prospects. Over the last 7 years, Combs has sold approximately $18.53 million worth of stock, indicating his strategic approach to managing his investment portfolio.

Combs’ insider trading activity provides insights into his trading patterns. His largest purchase order was for 20,000 units, with a value exceeding $918,000. This demonstrates his conviction in the growth potential of Corvel Corp. Similarly, his largest sale order involved 18,554 units, valued at over $2.22 million. These significant transactions showcase Combs’ ability to navigate the stock market with precision.

Trading data also reveals Combs’ trading preferences and timing. He typically engages in trading activities during the month of August, with the busiest years being 2022 and 2021. His most recent transaction was a sale order of 4,130 units, worth over $920,000. These data points provide valuable insights into Combs’ investment decisions and market timing strategies.

Additional Insider Trading at Corvel Corp

It is worth noting that Combs is not the only insider at Corvel Corp involved in trading activities. Insiders, including Combs, have traded over $297.17 million worth of shares in the past 20 years. This suggests that trading among company insiders is a common practice, potentially driven by their deep understanding of the company’s operations, financial performance, and future prospects.

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Overall, Michael Combs’ insider trading behavior and significant stock holdings in Corvel Corp underscore his involvement in the company’s growth journey. His trading patterns and ownership stake provide valuable insights into his overall investment strategy.

Michael Combs’ Role at Corvel Corp and Compensation

With 27 years of experience at Corvel Corp, Michael Combs currently holds the positions of President and Chief Executive Officer, and his compensation package amounts to $1,432,050, making him the highest-paid executive at the company.

Combs, a former software engineer, has climbed the corporate ladder to become a key figure in Corvel Corp’s leadership. His long-standing tenure highlights his dedication and expertise in driving the company’s success.

As the President and CEO, Combs is responsible for overseeing the overall operations, strategy, and performance of Corvel Corp. His leadership has been instrumental in guiding the company through various challenges and ensuring its continued growth in the competitive market.

In addition to his management roles, Combs has also made significant contributions to Corvel Corp’s financial standing. His net worth is estimated to be $9.82 million, with holdings of approximately 13,829 units of Corvel Corp common stock. Over the past seven years, Combs has sold stocks worth approximately $18.53 million, showcasing his financial acumen.

Combs’ active involvement in insider trading is evident in his substantial purchase and sale orders. His largest purchase order of 20,000 units, valued at over $918,000, and largest sale order of 18,554 units, worth over $2.22 million, demonstrate his confidence in the company’s performance. August appears to be a busy trading month for Combs, with the years 2022 and 2021 showing heightened activity.

Combs’ recent transaction involved a sale order of 4,130 units, amounting to over $920,000. This transaction further illustrates his strategic approach to optimizing his investments.

Combs’ remarkable journey at Corvel Corp, coupled with his substantial compensation and investment activities, solidify his position as a key player in the company’s success story. His contributions to the company’s growth and financial stability make him an influential figure in the business world.

Insiders at Corvel Corp, including Combs, have collectively traded over $297.17 million worth of shares in the last 20 years, showcasing their confidence in the company’s prospects and future growth.

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FAQ

How much is Michael Combs’ net worth?

Michael Combs has an estimated net worth of $9.82 million.

How many units of Corvel Corp common stock does Michael Combs own?

Michael Combs owns about 13,829 units of Corvel Corp common stock.

How much stock has Michael Combs sold in the last 7 years?

Michael Combs has sold approximately $18.53 million worth of stock in the last 7 years.

What is Michael Combs’ largest purchase order?

Michael Combs’ largest purchase order was 20,000 units worth over $918,000.

What is Michael Combs’ largest sale order?

Michael Combs’ largest sale order was 18,554 units worth over $2.22 million.

When does Michael Combs typically trade?

Michael Combs typically trades in August, with the busiest years being 2022 and 2021.

What was Michael Combs’ most recent transaction?

Michael Combs’ most recent transaction was a sale order of 4,130 units worth over $920,000.

How long has Michael Combs been with Corvel Corp?

Michael Combs has been with Corvel Corp for 27 years.

What is Michael Combs’ current role at Corvel Corp?

Michael Combs currently serves as the President and Chief Executive Officer of Corvel Corp.

How much is Michael Combs’ compensation at Corvel Corp?

Michael Combs’ compensation at Corvel Corp is $1,432,050, making him the highest-paid executive at the company.

How old is Michael Combs?

Michael Combs is 56 years old.

Where is Michael Combs’ mailing address?

Michael Combs’ mailing address is in Fort Worth, TX.

How much have insiders at Corvel Corp traded in the last 20 years?

Insiders at Corvel Corp, including Michael Combs, have traded over $297.17 million worth of shares in the last 20 years.

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Elena Brooks