The estimated Net Worth of Kenneth J Fasola is at least $34.9 Million dollars as of 13 May 2024. Mr. Fasola owns over 8,000 units of Magellan Health Inc stock worth over $28,530,911 and over the last 5 years he sold MGLN stock worth over $1,521,800. In addition, he makes $4,880,750 as Chief Executive Officer and Director at Magellan Health Inc.
Kenneth has made over 5 trades of the Magellan Health Inc stock since 2020, according to the Form 4 filled with the SEC. Most recently he sold 8,000 units of MGLN stock worth $620,960 on 13 May 2024.
The largest trade he's ever made was selling 12,000 units of Magellan Health Inc stock on 7 February 2024 worth over $900,840. On average, Kenneth trades about 2,194 units every 57 days since 2019. As of 13 May 2024 he still owns at least 300,357 units of Magellan Health Inc stock.
You can see the complete history of Mr. Fasola stock trades at the bottom of the page.
Kenneth J. Fasola serves as Chief Executive Officer, Director of the Company. He was first appointed to the board on November 14, 2019 pursuant to the terms of his employment agreement and is subject to election for the first time at the 2020 annual meeting. Mr. Fasola previously served as chief growth officer of ancillary and individual health services at United Healthcare from January to November 2019. Prior to that position, he served as chairman, president and chief executive officer of HealthMarkets, Inc., one of the largest health insurance agencies in the US and a subsidiary of UnitedHealth Group, from September 2010 through January 2019. He is nominated for election as a director for the first time at the annual meeting because he also serves as the chief executive officer of the company.
As the Chief Executive Officer and Director of Magellan Health Inc, the total compensation of Kenneth Fasola at Magellan Health Inc is $4,880,750. There are no executives at Magellan Health Inc getting paid more.
Kenneth Fasola is 60, he's been the Chief Executive Officer and Director of Magellan Health Inc since 2019. There are 3 older and 11 younger executives at Magellan Health Inc. The oldest executive at Magellan Health Inc is Mural Josephson, 70, who is the Director.
Over the last 22 years, insiders at Magellan Health Inc have traded over $207,355,721 worth of Magellan Health Inc stock and bought 25,726 units worth $1,508,914 . The most active insiders traders include Peter A Feld, James E Murray, and Mary F Sammons. On average, Magellan Health Inc executives and independent directors trade stock every 15 days with the average trade being worth of $1,340,119. The most recent stock trade was executed by James E Murray on 2 January 2022, trading 3,262 units of MGLN stock currently worth $309,857.
Magellan Health, Inc., a Fortune 500 company, is a leader in managing the fastest growing, most complex areas of health, including special populations, complete pharmacy benefits and other specialty areas of healthcare. Magellan Health supports innovative ways of accessing better health through technology, while remaining focused on the critical personal relationships that are necessary to achieve a healthy, vibrant life. Magellan Health customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators.
Magellan Health Inc executives and other stock owners filed with the SEC include: