Lannett Company CEO Timothy Crew's 2020 pay jumps 114% to $4.6M
Lannett Company reports 2020 executive compensation
By ExecPay News
Published: December 7, 2020
Lannett Company reported fiscal year 2020 executive compensation information on December 7, 2020.
In 2020, six executives at Lannett Company received on average a compensation package of $2.1M, a 92% increase compared to previous year.
Average pay of disclosed executives at Lannett Company
Timothy C. Crew, Chief Executive Officer, received $4.6M in total, which increased by 114% compared to 2019. 35% of Crew's compensation, or $1.6M, was in stock awards. Crew also received $735K in bonus, $619K in non-equity incentive plan, $841K in option awards, $748K in salary, as well as $28K in other compensation.
For fiscal year 2020, the median employee pay was $59,289 at Lannett Company. Therefore, the ratio of Timothy C. Crew's pay to the median employee pay was 77 to one.
Maureen Cavanaugh, Senior VP and Chief Commercial Operations Officer, received a compensation package of $1.9M, which increased by 169% compared to previous year. 28% of the compensation package, or $535K, was in stock awards.
Samuel H. Israel, Chief Legal Officer, earned $1.8M in 2020, a 73% increase compared to previous year.
Martin P. Galvan, Chief Financial Officer, received $1.8M in 2020, which increases by 49% compared to 2019.
John Kozlowski, Chief Financial Officer, earned $1.5M in 2020, a 72% increase compared to previous year.
John Abt, Vice President and Chief Quality Operations Officer, received $1.3M in 2020, which increases by 72% compared to 2019.
Lannett Company's fiscal year ends on June 30.
Related executives
Samuel Israel
Lannett Company
Chief Legal Officer
John Abt
Lannett Company
Vice President, Chief Quality, IT and Operations Officer
Martin Galvan
Lannett Company
Chief Financial Officer
Timothy Crew
Lannett Company
Chief Executive Officer
John Kozlowski
Lannett Company
Chief Financial Officer
Maureen Cavanaugh
Lannett Company
Senior VP and Chief Commercial Operations Officer
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Source: SEC filing on December 7, 2020.