Greg Becker is the chief executive of Silicon Valley Bank and the SVB Financial Group. Before being named CEO in 2011, he held some executive positions. Before that, he established SVB Capital, which oversees some of the world’s best venture and direct investment funds.
Greg Beck was born in the United States in the year 1971. Not much is known about his parents, childhood, and early life. He completed his studies at Indiana University’s Kelley School of Business, where he earned a B. S. in Business.
Greg Becker’s Net Worth
Gregory W. Becker’s estimated net worth is at least $38.2 million as of February 27, 2023. Over the past 19 years, Mr. Becker has sold SIVBP stock worth over $25,356,607 while owning over 12,451 units of SVB stock valued at over $2,118,961. As president, chief executive officer, and director at SVB, he also earns $10,677,500.
The career of Greg Becker
As a banker, Greg Becker joined SVB Financial group in 1993. In May 1993, he was appointed Silicon Valley Bank’s COO and Chief Banking Officer. Before December 2007, Becker served as the COO for over ten years. He was appointed president of Silicon Valley Bank and the SVB Financial Group in March 2008.
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Until April 2011, he served as president for over three years. In April 2011, he began serving as President and CEO of Silicon Valley Bank and SVB. The Silicon Valley Bank has experienced phenomenal growth under his direction, continuing to surpass other banks. One of the American public corporations with the fastest growth rates is SVB.
The bank also started to speak out in favor of its clients’ investors, business owners, and corporations on the global market for innovation. World Magazine recognized him as a top global finance influencer in 2017. Institutional Investor Magazine also voted him the top bank CEO for midcap banks. He oversaw Venture Capital Group throughout his early years at the organization.
Greg Becker’s Wife & Personal Life
About his private life, Greg Becker has remained mum. He appears to be married. He hasn’t disclosed any information about his wife or children, though. Although according to the sources, he has five adult children and enjoys cycling in his spare time. Becker is not accessible on any social media sites.
Regarding his share sale before SVB’s abrupt collapse in early March 2023, Becker has not responded to inquiries. He sold his shares through a revocable trust, but it doesn’t appear to be against the law. Just a week prior, The Silicon Valley Bank was attempting to raise $2 billion in the capital when it failed in its plan and suffered significant losses.
Mr. Becker SIVBP stock insider trading SEC Form 4
According to Form 4 filed with the SEC, Gregory has traded the SVB shares 57 times since 2003. On February 27, 2023, he most recently exercised 12,451 SIVBP stock units for $1,309,596. His largest transaction to date was the sale of 29,630 shares of SVB stock for a total value of about $5,718,886 on March 3, 2017.
Since 2003, Gregory has traded 2,899 units every 49 days on average. He still has at least 105,003 SVB stock units as of February 27, 2023. The entire history of Mr. Becker’s stock trades is at the bottom of the page.
bio of Gregory Becker
SVB Financial Group’s president, CEO, and director is Gregory W. Becker. Initially joining us in 1993 as a member of the Northern California Technology Division, Mr. Becker has held several executives and senior management positions with us since then, including Division Manager of Venture Capital (1999–2002), Chief Banking Officer (2002–2003), Chief Operating Officer (2003–2008), and President of the Bank (2008-2017).
Silicon Valley Leadership Group, a non-profit focused on problems significant to Silicon Valley firms, employees, and residents, Federal Reserve Bank of San Francisco (Class A Director since 2019). (Member since 2011; Chairman 2015-2017), Executive Council, TechNet, Association for Southern California Innovation (Member since 2016; Chair since 2019). (Advisory Council Member, since 2017).
How much money does Gregory Becker make?
Gregory Becker receives $10,677,500 in total remuneration from SVB as president, chief executive officer, and director. At SVB, no executives receive higher salaries.
What is Gregory Becker’s age?
Since 2015, Gregory Becker, 52, has served as SVB’s president, chief executive officer, and director. At SVB, there are 24 senior executives and three junior executives. The organization’s senior executive is Garen Staglin, an Independent Director at SVB Financial Group. He is 75 years old.
What’s Gregory Becker’s mailing address?
The SEC records indicate that Gregory’s mailing address is Tasman Drive, Sunnyvale, Santa Clara County, California, 94089, USA.
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Greg Becker Trading by insiders at SVB
Insiders at SVB have traded more than $358,654 worth of SVB stock over the past three years. Gregory W. Becker, Michael Descheneaux, and Christopher Edmonds Waters are some of the most active insider traders. Every 19 days, on average, SVB executives and independent directors trade stock, with each transaction valuing an average of $9,366. On April 9, 2020, Michelle Draper made the most recent stock transaction, exchanging 213 units of SIVBP stock with a market value of $23,000.
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