Lannett Company CEO Timothy Crew's 2019 pay jumps 61% to $2.1M
Lannett Company reports 2019 executive compensation
By ExecPay News
Published: December 6, 2019
Lannett Company reported fiscal year 2019 executive compensation information on December 6, 2019.
In 2019, five executives at Lannett Company received on average a compensation package of $1.2M, a 13% decrease compared to previous year.
Timothy C. Crew, Chief Executive Officer, received $2.1M in total, which increased by 61% compared to 2018. 34.43% of Crew's compensation, or $735K, was in non-equity incentive plan. Crew also received $141K in option awards, $735K in salary, $483.4K in stock awards, as well as $40.6K in other compensation.
Martin P. Galvan, Chief Financial Officer, received a compensation package of $1.2M, which increased by 55% compared to previous year. 35.05% of the compensation package, or $415K, was in salary.
Samuel H. Israel, Chief Legal Officer, earned $1.1M in 2019, a 2% decrease compared to previous year.
John Kozlowski, Chief of Staff and Strategy Officer, received $851.3K in 2019, which increases by 43% compared to 2018.
John Abt, Vice President and Chief Quality Operations Officer, earned $761.8K in 2019, a 35% increase compared to previous year.
Lannett Company's fiscal year ends on June 30.