Lannett Company CEO Timothy Crew's 2022 pay slips 17% to $3.5M
Lannett Company reports 2022 executive compensation
By ExecPay News
Published: November 29, 2022
Lannett Company reported fiscal year 2022 executive compensation information on November 29, 2022.
In 2022, five executives at Lannett Company received on average a compensation package of $1.7M, a 15% decrease compared to previous year.
Average pay of disclosed executives at Lannett Company
Timothy C. Crew, Chief Executive Officer, received $3.5M in total, which decreased by 17% compared to 2021. 72% of Crew's compensation, or $2.5M, was in stock awards. Crew also received $192K in non-equity incentive plan, $773K in salary, as well as $35K in other compensation.
For fiscal year 2022, the median employee pay was $82,124 at Lannett Company. Therefore, the ratio of Timothy C. Crew's pay to the median employee pay was 43 to one.
Maureen Cavanaugh, Senior VP and Chief Commercial Operations Officer, received a compensation package of $1.3M, which decreased by 15% compared to previous year. 57% of the compensation package, or $740K, was in stock awards.
Samuel H. Israel, Chief Legal Officer, earned $1.2M in 2022, a 13% decrease compared to previous year.
John Kozlowski, Chief Financial Officer, received $1.2M in 2022, which decreases by 13% compared to 2021.
John Abt, Vice President, Chief Quality, IT and Operations Officer, earned $1M in 2022, a 13% decrease compared to previous year.
Lannett Company's fiscal year ends on June 30.
Related executives
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
Samuel Israel
Lannett Company
Chief Legal Officer
John Abt
Lannett Company
Vice President, Chief Quality, IT and Operations Officer
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Source: SEC filing on November 29, 2022.