- In 1990, won two Tony Awards for "The Grapes of Wrath:" as author of the Best Play winner and as Best Director (Play). In 1998, he was also nominated as Best Director (Musical) for "Ragtime."
- An ensemble member of the Steppenwolf Theatre Company.
- The January 25, 1988 draft of the script for My Stepmother Is an Alien (1988) credits Jerico Stone as writer, with revisions by Frank Galati, Richard Benner, Susan Rice, Herschel Weingrod & Timothy Harris, Paul Rudnick, and Debra Frank & Carl Sautter, and a further rewrite by Jonathan Reynolds. Only four of the ten writers received credits in the final film.
- He was nominated for a 1972 Joseph Jefferson Award for his performance in "The National Health" at the Candelight Forum Theatre in Chicago, Illinois.
- He was awarded the 1973 Joseph Jefferson Award for Best New Work for "Boss" at the Candlelight Forum Theatre in Chicago, Illinois.
- He was nominated for a 1975 Joseph Jefferson Award for Best Director of a Play for "Three Cuckolds" at the Candlelight Forum Theatre in Chicago, Illinois.
- He was nominated for a 1976 Joseph Jefferson Award for Actor in a Supporting Role in a Play for his performance in "The Caretaker" at the Victory Gardens Theater in Chicago, Illinois.
- He was nominated for the 1976 Joseph Jefferson Award for Actor in a Principal Role in a Play for his performance in "God's Favorite" at the Candlelight Dinner Playhouse in Chicago, Illinois.
- He was awarded the 1980 Joseph Jefferson Award for Actor in a Principal Role in a play for "Travesties" at the Wisdom Bridge Theatre in Chicago, Illinois.
- He was nominated for a 1981 Joseph Jefferson Award for Actor in a Supporting Role in a play for "Mother Courage and Her Children", at the Wisdom Bridge Theatre in Chicago, Illinois.
- He was nominated for a 1981 Joseph Jefferson Award for Actor in a Supporting Role for his performance in "Mother Courage and Her Children" at the Wisdom Bridge Theatre in Chicago, Illinois.
- He was nominated for a 1984 Joseph Jefferson Award for Actor in a Principal Role in a Play for "The Dresser" at the Body Politic Theatre in Chicago, Illinois.
- He was awarded the 1986 Joseph Jefferson Award for Director of a Play for "You Can't Take It With You" at the Steppenwolf Theatre Company in Chicago, Illinois.
- He was nominated for a 1987 Joseph Jefferson Award for Director of a Play for "Aunt Dan and Lemon", at the Steppenwolf Theatre Company in Chicago, Illinois.
- He was nominated for a 1987 Joseph Jefferson Award for Actor in a Supporting Role in a Play for "Galileo", at the Goodman Theatre in Chicago, Illinois.
- He was awarded the 1987 Joseph Jefferson Award for New Work for "She Always Said Pablo", at the Goodman Theatre in Chicago, Illinois.
- He was awarded the 1987 Joseph Jefferson Award for Director of a Play for "She Always Said Pablo", at the Goodman Theatre in Chicago, Illinois.
- He was nominated for a 1988 Joseph Jefferson Award for Director of a Play for "Passion Play", at the Goodman Theatre in Chicago, Illinois.
- He was awarded the 1989 Joseph Jefferson Award for Director of a Play for "The Grapes of Wrath", at the Steppenwolf Theatre Company in Chicago, Illinois.
- He was awarded the 1989 Joseph Jefferson Award for New Adaptation of "The Grapes of Wrath", at the Steppenwolf Theatre in Chicago, Illinois.
- He was nominated for a 1989 Joseph Jefferson Award for Director of a Musical for "A Funny Thing Happened on the Way to the Forum", at the Goodman Theatre in Chicago, Illinois.
- He was awarded the 1992 Joseph Jefferson Award for Director of a Play for "The Good Person of Setzuan", at the Goodman Theatre in Chicago, Illinois.
- His play, "Earthly Possessions", at the Steppenwolf Theatre Company in Chicago, Illinois, was nominated for a 1992 Joseph Jefferson Award for New Work.
- His stage adaptation, "As I Lay Dying", at the Steppenwolf Theatre Company in Chicago, Illinois, was nominated for a 1995 Joseph Jefferson Award for New Work.
- His play, "Gertrude Stein: Each One as She May", at the Goodman Theatre in Chicago, Illinois, was nominated for a 1995 Joseph Jefferson Award for New Work.
- He was nominated for a 1999 Joseph Jefferson Award for Director of a Play for "Morning Star", at the Steppenwolf Theatre Company in Chicago, Illinois.
- He was nominated for a 2001 Joseph Jefferson Award for Actor in a Principal Role in a Play for "The Drawer Boy", at the Steppenwolf Theatre Company in Chicago, Illinois.
- He was nominated for a 2002 Joseph Jefferson Award for Director of a Musical for "The Visit", at the Goodman Theatre in Chicago, Illinois.
- He was nominated for a 2006 Joseph Jefferson Award for Director of a Musical for "Loving Repeating: A Musical of Gertrude Stein", at the About Face Theatre and Museum of Contemporary Art in Chicago, Illinois.
- Stephen Flaherty and his musical, "Loving Repeating: A Musical of Gertrude Stein", at the About Face Theatre and Museum of Contemporary Art in Chicago, Illinois was awarded the 2006 Joseph Jefferson Award for New Work in a Musical.
- His adaptation, "After the Quake", at the Steppenwolf Theatre Company in Chicago, Illinois was nominated for a 2006 Joseph Jefferson Award for New Adaptation.
- Michael Smith and his musical, "The Snow Queen", at the Victory Gardens Theater in Chicago, Illinois, was nominated for a 2007 Joseph Jefferson Award for New Work of a Musical.
- He was nominated for a 2009 Joseph Jefferson Award for New Adaptation of a Play for "Kafka on the Shore", at the Steppenwolf Theatre Company in Chicago, Illinois.
- His stage adaptation of the play, "The March" at the Steppenwolf Theatre Company in Chicago, Illinois was nominated for a 2012 Equity Joseph Jefferson Award for New Adaptation.
- He is an associate director at the Goodman Theater and Professor of Performance Studies at Northwestern University in Chicago, Illinois. (August 2008)
- His musical, "Loving Repeating," at the Kokandy Productions Theatre in Chicago, Illinois was nominated for a 2016 Joseph Jefferson (Non-Equity) Award for Musical or Revue Production.
- He was nominated for a 2016 Joseph Jefferson (Equity) Award for New Adaptation for "East of Eden" at the Steppenwolf Theatre Company in Chicago, Illinois.
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