Albert Paonessa Net Worth

The estimated Net Worth of Albert Iii Paonessa is at least $1.77 Million dollars as of 9 September 2019. Mr. Paonessa owns over 16,195 units of Lannett Co stock worth over $31,702 and over the last 12 years he sold LCI stock worth over $1,446,252. In addition, he makes $290,008 as Director at Lannett Co.

Wallmine is a radically better financial terminal.
Sign up in seconds, it's free!

Sign up

Already have an account? Sign in

Mr. Paonessa LCI stock SEC Form 4 insiders trading

Albert has made over 7 trades of the Lannett Co stock since 2013, according to the Form 4 filled with the SEC. Most recently he sold 16,195 units of LCI stock worth $203,085 on 9 September 2019.

The largest trade he's ever made was selling 16,195 units of Lannett Co stock on 9 September 2019 worth over $203,085. On average, Albert trades about 3,511 units every 159 days since 2013. As of 9 September 2019 he still owns at least 45,945 units of Lannett Co stock.

You can see the complete history of Mr. Paonessa stock trades at the bottom of the page.

Albert Paonessa biography

Albert Paonessa, III is the Director of the Company. Mr. Paonessa was appointed the Chief Executive Officer of KeySource Medical, a generic distributor (“KeySource”). Prior to that, Mr. Paonessa served as the President of Anda, Inc., the fourth largest distributor of generic drugs in the U.S., for over 10 years until January 2015. He previously served as Anda’s Senior Vice President of Sales and before that as Vice President of IT. Earlier, Mr. Paonessa was Vice President of Operations for VIP Pharmaceuticals, which was acquired by Anda’s parent company Andrx, in 2000. Mr. Paonessa earned a Bachelor of Arts degree in Interpersonal Communications from Bowling Green State University.

What is the salary of Albert Paonessa?

As the Director of Lannett Co, the total compensation of Albert Paonessa at Lannett Co is $290,008. There are 13 executives at Lannett Co getting paid more, with Timothy Crew having the highest compensation of $2,135,000.

How old is Albert Paonessa?

Albert Paonessa is 59, he's been the Director of Lannett Co since 2017. There are 6 older and 9 younger executives at Lannett Co. The oldest executive at Lannett Co., Inc. is Patrick LePore, 65, who is the Independent Chairman of the Board.

Insiders trading at Lannett Co

Over the last 22 years, insiders at Lannett Co have traded over $61,716,333 worth of Lannett Co stock and bought 6,036,340 units worth $16,940,403 . The most active insiders traders include William Farber, Jeffrey Farber, and Patrick G Lepore. On average, Lannett Co executives and independent directors trade stock every 30 days with the average trade being worth of $39,386. The most recent stock trade was executed by John C Chapman on 17 November 2022, trading 20,000 units of LCI stock currently worth $10,200.

What does Lannett Co do?

Lannett Company, founded in 1942, develops, manufactures, packages, markets and distributes generic pharmaceutical products for a wide range of medical indications.

Complete history of Mr. Paonessa stock trades at Lannett Co and Enact Inc

Lannett Co executives and stock owners

Lannett Co executives and other stock owners filed with the SEC include:

• Timothy Crew,
  Chief Executive Officer, Director
• Samuel Israel,
  General Counsel, Chief Legal Officer
• Timothy C. Crew,
  CEO & Director
• John Kozlowski,
  Chief Financial Officer, Principal Accounting Officer, Vice President - Finance
• John Abt,
  Vice President and Chief Quality and Operations Officer
• Maureen M. Cavanaugh,
  Sr. VP & Chief Commercial Operations Officer
• John Kozlowski,
  VP of Fin., CFO & Principal Accounting Officer
• Samuel H. Israel,
  Gen. Counsel & Chief Legal Officer
• John M. Abt,
  VP and Chief Quality & Operations Officer
• Robert Ehlinger,
  Vice President - Logistics, Chief Information Officer
• David Drabik,
  Independent Director
• Patrick LePore,
  Independent Chairman of the Board
• Paul Taveira,
  Independent Director
• Albert Paonessa,
  Director
• Jeffrey Farber,
  Director
• John Chapman,
  Independent Director
• Melissa Rewolinski,
  Independent Director
• Maureen Cavanaugh,
  Senior Vice President and Chief Commercial Operations Officer
• Grant Brock,
  VP of Operations
• Kristie Stephens,
  Chief Compliance Officer & VP of Regulatory Affairs
• Robert Ehlinger,
  VP & Chief Information Officer
• Arthur P Bedrosian,
  President
• G. Michael Landis,
  Principal Accounting Officer
• David Farber,
  Treasurer
• Mahendra Dedhiya,
  Chief Scientific Affairs
• James M. Maher,
  Director
• Keith Richard Ruck,
  Interim CFO
• Kevin Smith,
  
• Bernard Sandiford,
  
• Marvin Novick,
  Director
• Properties Group, Llc Farber,
  10% owner
• Michael Bogda,
  President
• William Schreck,
  VP, Logistics
• Ernest Sabo,
  VP, Corporate Compliance
• Kenneth Sinclair,
  Director
• Ronald A West,
  Director
• William Farber,
  Chief Executive Officer
• Albert I Wertheimer,
  Director
• Myron D Winkelman,
  Director
• Martin P Galvan,
  Former VP of Finance & CFO