The estimated Net Worth of Michael Descheneaux is at least $38.9 Million dollars as of 28 November 2022. Mr. Descheneaux owns over 88 units of SVB stock worth over $347,533 and over the last 17 years he sold SIVBP stock worth over $32,900,641. In addition, he makes $5,613,950 as President of Silicon Valley Bank at SVB.
Michael has made over 60 trades of the SVB stock since 2011, according to the Form 4 filled with the SEC. Most recently he exercised 88 units of SIVBP stock worth $1,340 on 28 November 2022.
The largest trade he's ever made was exercising 15,850 units of SVB stock on 28 June 2013 worth over $754,777. On average, Michael trades about 1,881 units every 34 days since 2007. As of 28 November 2022 he still owns at least 22,819 units of SVB stock.
You can see the complete history of Mr. Descheneaux stock trades at the bottom of the page.
Michael R. Descheneaux CPA serves as President of Silicon Valley Bank of the Company. Mr. Descheneaux oversees the Company’s global commercial bank, private bank and funds management businesses, as well as credit administration. Mr. Descheneaux joined us in 2006 as Managing Director of Accounting and Financial Reporting, and was appointed as Chief Financial Officer in 2007, where he was responsible for all our finance, treasury, accounting and legal functions, as well as our funds management business until he assumed his current role in 2017. Prior to joining the Company, Mr. Descheneaux was a managing director of Navigant Consulting (2004-2006) and held various leadership positions with Arthur Andersen (1995-2002). Mr. Descheneaux holds a Bachelor’s degree in Business Administration from Texas A&M University. He is also a certified public accountant, as well as a member of the Texas State Board of Public Accountancy.
As the President of Silicon Valley Bank of SVB, the total compensation of Michael Descheneaux at SVB is $5,613,950. There are 1 executives at SVB getting paid more, with Gregory Becker having the highest compensation of $10,677,500.
Michael Descheneaux is 52, he's been the President of Silicon Valley Bank of SVB since 2017. There are 24 older and 3 younger executives at SVB. The oldest executive at SVB Financial Group is Garen Staglin, 75, who is the Independent Director.
Michael's mailing address filed with the SEC is Tasman Drive, Sunnyvale, Santa Clara County, California, 94089, United States of America.
Over the last 5 years, insiders at SVB have traded over $358,654 worth of SVB stock. The most active insiders traders include Gregory W Becker, Michael Descheneaux, and Christopher Edmonds Waters. On average, SVB executives and independent directors trade stock every 19 days with the average trade being worth of $9,366. The most recent stock trade was executed by Michelle Draper on 9 April 2020, trading 213 units of SIVBP stock currently worth $23,000.
SVB executives and other stock owners filed with the SEC include: