Hakan S. Edstrom has an impressive background in the healthcare industry and was CEO of MannKind Corporation from January to November 2015. Before stepping into this role, he served as the Chief Operating Officer for over a decade. He holds...

Hakan S. Edstrom has an impressive background in the healthcare industry and was CEO of MannKind Corporation from January to November 2015. Before stepping into this role, he served as the Chief Operating Officer for over a decade. He holds a master’s degree in Business Administration from the Stockholm School of Economics, showcasing his solid academic foundation. Edstrom’s leadership style emphasizes aligning executive interests with company goals, a principle that guided his efforts during his tenure.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Mannkind CEOs

M

Hakan S. Edstrom

Ex-CEO of Mannkind

Education

Master's degree in Business Administration from the Stockholm School of Economics

Field of Expertise

Business & Management

Sector of Economy

Healthcare

Born

January 1, 1951 - 74 years ago

CEO of Mannkind for

0 years 10 months (Jan 2015 - Nov 2015)

Previous Experience

President and COO of MannKind Corporation

Rivals

Competitors/colleagues of Hakan S. Edstrom

Holdings

See how much did Hakan S. Edstrom make over time.

Hakan S. Edstrom's insider trading reflects a strategic approach to his holdings in MannKind Corporation (MNKD). Notably, he saw his wealth peak during 2021 when insider sales reached over $1.58 million in February. This was a time of significant fluctuations,...

Hakan S. Edstrom's insider trading reflects a strategic approach to his holdings in MannKind Corporation (MNKD). Notably, he saw his wealth peak during 2021 when insider sales reached over $1.58 million in February. This was a time of significant fluctuations, with monthly sales during 2020 ranging from approximately $328K to $978K, indicating a volatile market. His transactions demonstrated a trend of increasing monthly sales, with substantial peaks suggesting confidence in the stock's valuation. In total, over the years, his trading activity sums up to millions, suggesting he actively managed his equity position in response to market dynamics.

Total Stock Sold

$10.97M

MNKD

$10.97M

73,701.6 MNKD shares

What if they kept their stock?

If Hakan S. Edstrom didn't sell their stock, today they would have:
Extra MNKD73,701.6 shares worth $106.13K.
This is -99.03% and $10.86M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Hakan S. Edstrom.

MNKD

86,000 shares

MNKD

Aug 27, 2015

Received

MNKD

$354.77K

MNKD at $4.83/share

Apr 24, 2015

Sale

MNKD

$382.83K

MNKD at $5.21/share

Mar 27, 2015

Sale

MNKD

11,000 shares

MNKD

Feb 18, 2015

Received

MNKD

$569.32K

MNKD at $7.75/share

Feb 10, 2015

Sale

MNKD

$466.02K

MNKD at $6.34/share

Jan 30, 2015

Sale

MNKD

$440.07K

MNKD at $5.89/share

Dec 1, 2014

Sale

MNKD

440,000 shares

MNKD

Aug 11, 2014

Received

MNKD

$7.48K

MNKD at $4.42/share

Jun 30, 2014

Purchase

MNKD

395,000 shares

MNKD

Oct 14, 2013

Received

Compensation History

See how much did Hakan S. Edstrom make over time.

In 2015, Hakan S. Edstrom's total compensation at MannKind Corporation was $1,840,783. This amount included a base salary of $887,577 and a bonus that was aimed at incentivizing performance tied to corporate goals. However, no bonuses were paid due to the company not meeting its targets. Edstrom had stock that vested during this year, valued at approximately $245,128, which indicates a focus on long-term equity compensation over immediate cash rewards. His compensation package reflected a strategy to attract and retain talent while aligning executive incentives with shareholder interests.

Year

2015

Total Compensation

$1.81M

Salary

$887.58K

Board Justification

The compensation philosophy is designed to attract and retain high-caliber executives while aligning their interests with those of the stockholders, focusing on performance-based compensation.

Bonus

$647.00K

Board Justification

The bonus for 2015 was based on the achievement of corporate performance goals, but no performance bonuses were paid due to the recommendation from the CEO that no bonuses be awarded given the circumstances surrounding the company's performance.

Other

$27.20K

Board Justification

Other compensation includes medical benefits and an automobile allowance.

Restricted Stock

$245.13K(61.25K RSU)

Board Justification

The stock that vested in 2015 was part of the restricted stock units granted previously, which were fully vested upon the completion of the required service period.

Performance Metrics

Performance metrics for 2015 included operational goals related to the launch of the company's first product.

Other Mannkind CEOs

Here are other CEOs of Mannkind

Alfred E. Mann

Founder and Ex-CEO of Mannkind

October 2003 - January 2015

Matthew J. Pfeffer

Ex-CEO of Mannkind

January 2016 - May 2017