The estimated Net Worth of Michael I Schaffer is at least $945 Tausend dollars as of 16 December 2022. Michael Schaffer owns over 100 units of Psychemedics stock worth over $84,632 and over the last 20 years he sold PMD stock worth over $510,793. In addition, he makes $349,800 as Vice President - Laboratory Operations at Psychemedics.
Michael has made over 11 trades of the Psychemedics stock since 2014, according to the Form 4 filled with the SEC. Most recently he bought 100 units of PMD stock worth $495 on 16 December 2022.
The largest trade he's ever made was exercising 16,600 units of Psychemedics stock on 10 March 2014 worth over $239,040. On average, Michael trades about 928 units every 53 days since 2004. As of 16 December 2022 he still owns at least 37,201 units of Psychemedics stock.
You can see the complete history of Michael Schaffer stock trades at the bottom of the page.
Dr. Michael I. Schaffer Ph.D. serves as Vice President - Laboratory Operations of the Company. He has served as Vice President of Laboratory Operations since 1999. Since December 2016, he has served as a member of the Drug Testing Advisory Board (DTAB) which advises the administrator of Substance Abuse and Mental Health Services Administration (SAMHSA) on drug testing activities and laboratory certification. From 1990 to 1999, he served as Director of Toxicology, Technical Manager and Responsible Person for the Leesburg, Florida laboratory of SmithKline Beecham Clinical Laboratories. From 1990 to 1999, he was also a member of the Board of Directors of the American Board of Forensic Toxicologists. Dr. Schaffer has also served as an inspector for the College of American Pathologists since 1990.
As the Vice President - Laboratory Operations of Psychemedics, the total compensation of Michael Schaffer at Psychemedics is $349,800. There are 3 executives at Psychemedics getting paid more, with Raymond Kubacki having the highest compensation of $736,800.
Michael Schaffer is 75, he's been the Vice President - Laboratory Operations of Psychemedics since 1999. There are 4 older and 5 younger executives at Psychemedics. The oldest executive at Psychemedics Corp. is Harry Connick, 94, who is the Independent Director.
Michael's mailing address filed with the SEC is C/O PSYCHEMEDICS CORPORATION, 289 GREAT ROAD, SUITE 200, ACTON, MA, 01720.
Over the last 21 years, insiders at Psychemedics have traded over $2,633,903 worth of Psychemedics stock and bought 95,845 units worth $742,060 . The most active insiders traders include Peter Kamin, A Clinton Allen und Raymond C Jr Kubacki. On average, Psychemedics executives and independent directors trade stock every 101 days with the average trade being worth of $18,935. The most recent stock trade was executed by Charles M Doucot on 17 August 2023, trading 12,700 units of PMD stock currently worth $59,182.
psychemedics (nasdaq: pmd) is the world's leading drug testing company using hair for the detection of drugs of abuse. psychemedics has been successfully operating for 30 years and thousands of corporations worldwide currently rely on psychemedics’ patented hair analysis technology for their pre-employment and employee drug screening. psychemedics' clients include over 10% of the fortune 500, some of the largest police departments in america, federal reserve banks, and schools. for more information, visit the psychemedics website at www.psychemedics.com.
Psychemedics executives and other stock owners filed with the SEC include: