Lannett Company CEO Timothy Crew's 2021 pay slips 7% to $4.3M
Lannett Company reports 2021 executive compensation
By ExecPay News
Published: December 10, 2021
Lannett Company reported fiscal year 2021 executive compensation information on December 10, 2021.
In 2021, five executives at Lannett Company received on average a compensation package of $1.9M, a 9% decrease compared to previous year.
Average pay of disclosed executives at Lannett Company
Timothy C. Crew, Chief Executive Officer, received $4.3M in total, which decreased by 7% compared to 2020. 63% of Crew's compensation, or $2.7M, was in stock awards. Crew also received $232K in non-equity incentive plan, $558K in option awards, $760K in salary, as well as $37K in other compensation.
For fiscal year 2021, the median employee pay was $59,834 at Lannett Company. Therefore, the ratio of Timothy C. Crew's pay to the median employee pay was 71 to one.
Maureen Cavanaugh, Senior VP and Chief Commercial Operations Officer, received a compensation package of $1.5M, which decreased by 21% compared to previous year. 52% of the compensation package, or $782K, was in stock awards.
Samuel H. Israel, Chief Legal Officer, earned $1.4M in 2021, a 23% decrease compared to previous year.
John Kozlowski, Chief Financial Officer, received $1.4M in 2021, which decreases by 5% compared to 2020.
John Abt, Vice President and Chief Quality Operations Officer, earned $1.2M in 2021, a 12% 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 December 10, 2021.