The estimated Net Worth of Adam Elsesser is at least $248 Million dollars as of 22 August 2024. Mr. Elsesser owns over 30,000 units of Penumbra Inc stock worth over $181,589,814 and over the last 9 years he sold PEN stock worth over $65,335,878. In addition, he makes $726,690 as Chairman of the Board and Chief Executive Officer at Penumbra Inc.
Adam has made over 64 trades of the Penumbra Inc stock since 2015, according to the Form 4 filled with the SEC. Most recently he sold 30,000 units of PEN stock worth $6,095,700 on 22 August 2024.
The largest trade he's ever made was exercising 300,000 units of Penumbra Inc stock on 17 September 2015 worth over $171,000. On average, Adam trades about 22,295 units every 50 days since 2015. As of 22 August 2024 he still owns at least 897,582 units of Penumbra Inc stock.
You can see the complete history of Mr. Elsesser stock trades at the bottom of the page.
Adam Elsesser serves as Chairman of the Board, Chief Executive Officer of the Company. Penumbra and has served as Chief Executive Officer and a member of the Board since our inception in June 2004, as Chairman of the Board since January 2015, and as President from January 2015 until August 2019. Prior to Penumbra, Mr. Elsesser led SMART Therapeutics, Inc. (SMART Therapeutics), a medical device company focused on devices for neuro-intervention, as its Chief Executive Officer from 2000 to 2002 and, after its acquisition by Boston Scientific Corporation, as President of SMART Therapeutics within Boston Scientific Corporation from 2002 to 2005. Before his work in the medical device industry, Mr. Elsesser was a partner in the law firm of Shartsis Friese LLP. Mr. Elsesser received a B.A. from Stanford University and a J.D. from Hastings College of the Law. Mr. Elsesser brings to the Board his extensive knowledge of the Company, the medical device industry and the competitive landscape, as well as his expertise in building and commercializing medical devices.
As the Chairman of the Board and Chief Executive Officer of Penumbra Inc, the total compensation of Adam Elsesser at Penumbra Inc is $726,690. There are 2 executives at Penumbra Inc getting paid more, with Johanna Roberts having the highest compensation of $2,556,370.
Adam Elsesser is 58, he's been the Chairman of the Board and Chief Executive Officer of Penumbra Inc since 2019. There are 4 older and 11 younger executives at Penumbra Inc. The oldest executive at Penumbra Inc is Don Kassing, 78, who is the Presiding Independent Director.
Adam's mailing address filed with the SEC is ONE PENUMBRA PLACE, , ALAMEDA, CA, 94502.
Over the last 9 years, insiders at Penumbra Inc have traded over $197,637,326 worth of Penumbra Inc stock and bought 700 units worth $109,480 . The most active insiders traders include Adam Elsesser, Arani Bose, and James Robert Pray. On average, Penumbra Inc executives and independent directors trade stock every 9 days with the average trade being worth of $2,030,383. The most recent stock trade was executed by Harpreet Grewal on 4 September 2024, trading 782 units of PEN stock currently worth $159,614.
penumbra is a specialty interventional therapies company that develops and markets innovative medical devices to treat challenging medical conditions with significant unmet clinical needs. we design our therapies to provide our specialist physician customers with improved clinical outcomes through faster and safer procedures at significant overall cost savings to the healthcare system. today we have over 1,000 employees with sales operations in north america, europe, australia and asia.
Penumbra Inc executives and other stock owners filed with the SEC include: