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Last updated: 7 June 2024 at 7:31pm EST

Jason Groves Net Worth




The estimated Net Worth of Jason L Groves is at least $1.47 Million dollars as of 10 June 2014. Mr. Groves owns over 3,250 units of Medifast Inc stock worth over $409,882 and over the last 14 years he sold MED stock worth over $103,188. In addition, he makes $958,214 as Executive Vice President, General Counsel, and Corporate Secretary at Medifast Inc.

Mr. Groves MED stock SEC Form 4 insiders trading

Jason has made over 1 trades of the Medifast Inc stock since 2014, according to the Form 4 filled with the SEC. Most recently he sold 3,250 units of MED stock worth $103,188 on 10 June 2014.

The largest trade he's ever made was selling 3,250 units of Medifast Inc stock on 10 June 2014 worth over $103,188. On average, Jason trades about 325 units every 0 days since 2010. As of 10 June 2014 he still owns at least 22,447 units of Medifast Inc stock.

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





Jason Groves biography

Jason L. Groves Esq. serves as Executive Vice President, General Counsel, Corporate Secretary of the Company. He has served as the Company’s Executive Vice President and General Counsel since November 2011, and Corporate Secretary since June 2015. Mr. Groves was also a director of the Company from 2009 to 2015 and served as a member of the Audit Committee from 2009 to 2011 and the Executive Committee from 2011 to 2015. Prior to joining Medifast in November 2011, Mr. Groves served as Assistant Vice President of Government Affairs for Verizon Maryland from 2003 until 2011 and in various other roles since he joined Verizon Maryland in 2001. Mr. Groves is also a United States Army veteran. He was a direct commissioned Judge Advocate in the United States Army Judge Advocate General’s (JAG) Corp. As a JAG Officer, he practiced law and had the distinction of prosecuting criminal cases in the District Court of Maryland as a Special Assistant United States Attorney. Over the course of three years, he received two Army Achievement Medals, and one Army Commendation Medal. Mr. Groves also sits on several non-profit boards including the Center Club of Baltimore and chairing his law school alma mater board of visitors. He recently completed nine years with the Anne Arundel Medical Center Board of Trustees. Mr. Groves received his Bachelor of Science degree, cum laude, in Hospitality Management from Bethune-Cookman University. He obtained his juris doctorate from North Carolina Central University School of Law and is a member of the New Jersey and District of Columbia bars as well as several bar associations.

What is the salary of Jason Groves?

As the Executive Vice President, General Counsel, and Corporate Secretary of Medifast Inc, the total compensation of Jason Groves at Medifast Inc is $958,214. There are 4 executives at Medifast Inc getting paid more, with Daniel Chard having the highest compensation of $4,669,990.



How old is Jason Groves?

Jason Groves is 48, he's been the Executive Vice President, General Counsel, and Corporate Secretary of Medifast Inc since 2015. There are 16 older and 4 younger executives at Medifast Inc. The oldest executive at Medifast Inc is Kevin Byrnes, 73, who is the Independent Director.

What's Jason Groves's mailing address?

Jason's mailing address filed with the SEC is C/O NEUROBO PHARMACEUTICALS, INC., 545 CONCORD AVENUE, SUITE 210, CAMBRIDGE, MA, 02138.

Insiders trading at Medifast Inc

Over the last 21 years, insiders at Medifast Inc have traded over $142,340,778 worth of Medifast Inc stock and bought 102,554 units worth $5,201,250 . The most active insiders traders include Glenn W. Welling, Balanced Master Fund, Ltd. ..., and Shirley Macdonald. On average, Medifast Inc executives and independent directors trade stock every 42 days with the average trade being worth of $503,538. The most recent stock trade was executed by Scott Schlackman on 8 March 2024, trading 4,053 units of MED stock currently worth $159,850.



What does Medifast Inc do?

since 1980, medifast, inc.(nyse: med) has been a brand recommended by 20,000 doctors. developed by a physician, medifast is a clinically proven nutrition and weight loss company based in maryland. we change lives by producing results and helping those succeed. because everyone has different goals and ways of learning, we offer several support programs as you choose health with medifast. we believe that healthier people are happier people. everyone has the right to feel good about themselves. our vision is to create a world where it's easy to take control of your own well-being. we're on a mission to empower people with the right opportunities to enjoy the healthy life they deserve. we see it every day. the ear-to-ear grin. the “holding back the tears” pride. the glow of pure joy when someone reaches their weight-loss goals. their whole life gets better, and so does yours, because you helped them get there. if you’d like to spend every day helping to change people’s lives for the better



What does Medifast Inc's logo look like?

Medifast Inc logo

Complete history of Mr. Groves stock trades at Medifast Inc and NeuroBo Pharmaceuticals Inc

Date
#
Company
 Insider
Trans.
Transaction
 Shares Price per share Total value Shares after Source
10 Jun 2014 MED Medifast Inc Jason L Groves
Director
 Sale 3,250 $31.75 $103,188
10 Jun 2014
22,447 ↗


Medifast Inc executives and stock owners

Medifast Inc executives and other stock owners filed with the SEC include: