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.
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, 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.
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.
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.
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 und 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.
Lannett Company, founded in 1942, develops, manufactures, packages, markets and distributes generic pharmaceutical products for a wide range of medical indications.
Lannett Co executives and other stock owners filed with the SEC include: