Hubert L.  Allen net worth and biography

Hubert Allen Biography and Net Worth

Executive Vice President, General Counsel and Secretary of Abbott Laboratories
Since 2013, Hubert Allen has served as Abbott’s Executive Vice President, General Counsel and Secretary. Previously, he was Divisional Vice President and Associate General Counsel, Established Pharmaceuticals.

Prior to joining Abbott in 2006 as Senior Counsel, supporting the company's Pharmaceutical Products Division, Mr. Allen was an Assistant General Counsel for McKesson Corporation. Mr. Allen has held various positions within Abbott's legal department, including Divisional Vice President and Associate General Counsel, Pharmaceutical Products Group; Section Head, Abbott Nutrition; and Division Counsel.

Today, he leads a diverse global organization dedicated to supporting Abbott's business all around the world.

"Working as a lawyer for a company like Abbott is the best option for someone like me, because it marries my interests with opportunity," says Mr. Allen. "We have a pretty large team in terms of geographic spread, and we interact with legal systems in more than 100 countries. Doing the type of work where no two days are the same is very fulfilling."

Outside of Abbott, Mr. Allen also serves as a Director of Metropolitan Family Services, and on the Executive Committee of the Commercial Club of Chicago.

He graduated with a bachelor's degree from the College of Social Studies at Wesleyan University in Middletown, Connecticut; a master's degree in Politics from Princeton University in Princeton, New Jersey, and a juris doctorate from Yale Law School in New Haven, Connecticut.

What is Hubert L. Allen's net worth?

The estimated net worth of Hubert L. Allen is at least $36.01 million as of June 20th, 2019. Mr. Allen owns 311,010 shares of Abbott Laboratories stock worth more than $36,005,628 as of November 20th. This net worth estimate does not reflect any other assets that Mr. Allen may own. Additionally, Mr. Allen receives a salary of $2,000,000.00 as Executive Vice President, General Counsel and Secretary at Abbott Laboratories. Learn More about Hubert L. Allen's net worth.

How old is Hubert L. Allen?

Mr. Allen is currently 58 years old. There are 6 older executives and no younger executives at Abbott Laboratories. Learn More on Hubert L. Allen's age.

What is Hubert L. Allen's salary?

As the Executive Vice President, General Counsel and Secretary of Abbott Laboratories, Mr. Allen earns $2,000,000.00 per year. The highest earning executive at Abbott Laboratories is Mr. Robert B. Ford, Chairman of the Board, President & CEO, who commands a salary of $4,730,000.00 per year. Learn More on Hubert L. Allen's salary.

How do I contact Hubert L. Allen?

The corporate mailing address for Mr. Allen and other Abbott Laboratories executives is 100 ABBOTT PARK ROAD D-322 AP6D, ABBOTT PARK IL, 60064. Abbott Laboratories can also be reached via phone at (224) 667-6100. Learn More on Hubert L. Allen's contact information.

Has Hubert L. Allen been buying or selling shares of Abbott Laboratories?

Hubert L. Allen has not been actively trading shares of Abbott Laboratories over the course of the past ninety days. Most recently, Hubert L. Allen sold 165,000 shares of the business's stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $85.00, for a transaction totalling $14,025,000.00. Following the completion of the sale, the insider now directly owns 311,010 shares of the company's stock, valued at $26,435,850. Learn More on Hubert L. Allen's trading history.

Who are Abbott Laboratories' active insiders?

Abbott Laboratories' insider roster includes Hubert Allen (Executive Vice President, General Counsel and Secretary), Roxanne Austin (Director), Roger Bird (SVP), Brian Blaser (Insider), Philip Boudreau (VP), Sharon Bracken (Insider), John Capek (EVP), Jaime Contreras (SVP), Michael Dale (SVP), Lisa Earnhardt (EVP), Robert Ford (Chairman), Robert Ford (CEO), Robert Funck (CFO), Robert Funck, Jr. (EVP), Robert Funck, Jr. (EVP), Stephen Fussell (EVP), John Ginascol (EVP), Sammy Karam (SVP), Michelle Kumbier (Director), Andrew Lane (EVP), Joseph Manning (SVP), John Mccoy Jr. (VP), Nancy Mckinstry (Director), Mary Moreland (EVP), Louis Morrone (SVP), Phebe Novakovic (Director), Michael Pederson (SVP), Daniel Salvadori (EVP), Christopher Scoggins (SVP), Daniel Starks (Director), Julie Tyler (SVP), Andrea Wainer (EVP), Jared Watkin (SVP), Miles White (Chairman), Randel Woodgrift (SVP), and Brian Yoor (CFO). Learn More on Abbott Laboratories' active insiders.

Are insiders buying or selling shares of Abbott Laboratories?

During the last year, insiders at the healthcare product maker sold shares 9 times. They sold a total of 246,090 shares worth more than $28,051,118.59. The most recent insider tranaction occured on September, 12th when CEO Robert B Ford sold 141,679 shares worth more than $16,492,852.39. Insiders at Abbott Laboratories own 0.5% of the company. Learn More about insider trades at Abbott Laboratories.

Information on this page was last updated on 9/12/2024.

Hubert L. Allen Insider Trading History at Abbott Laboratories

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
6/20/2019Sell165,000$85.00$14,025,000.00311,010View SEC Filing Icon  
7/25/2017Sell4,600$50.79$233,634.00105,479View SEC Filing Icon  
6/28/2016Sell3,400$37.14$126,276.0091,857View SEC Filing Icon  
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Hubert L. Allen Buying and Selling Activity at Abbott Laboratories

This chart shows Hubert L Allen's buying and selling at Abbott Laboratories by year and by quarter.

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Abbott Laboratories Company Overview

Abbott Laboratories logo
Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide. It operates in four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices. The company provides generic pharmaceuticals for the treatment of pancreatic exocrine insufficiency, irritable bowel syndrome or biliary spasm, intrahepatic cholestasis or depressive symptoms, gynecological disorder, hormone replacement therapy, dyslipidemia, hypertension, hypothyroidism, Ménière's disease and vestibular vertigo, pain, fever, inflammation, and migraine, as well as provides anti-infective clarithromycin, influenza vaccine, and products to regulate physiological rhythm of the colon. It also offers laboratory and transfusion medicine systems in the areas of immunoassay, clinical chemistry, hematology, and transfusion; molecular diagnostics polymerase chain reaction instrument systems that automate the extraction, purification, and preparation of DNA and RNA from patient samples, and detect and measure infectious agents; point of care systems; cartridges for testing blood gas, chemistry, electrolytes, coagulation, and immunoassay; rapid diagnostics lateral flow testing products; molecular point-of-care testing for HIV, SARS-CoV-2, influenza A and B, RSV, and strep A; cardiometabolic test systems; drug and alcohol test, and remote patient monitoring and consumer self-test systems; and informatics and automation solutions for laboratories. In addition, the company provides pediatric and adult nutritional products; rhythm management, electrophysiology, heart failure, vascular, and structural heart devices for the treatment of cardiovascular diseases; diabetes care products, such as glucose and blood glucose monitoring systems; and neuromodulation devices for the management of chronic pain and movement disorders. Abbott Laboratories was founded in 1888 and is based in North Chicago, Illinois.
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Today's Range

Now: $115.77
Low: $115.54
High: $116.77

50 Day Range

MA: $115.55
Low: $112.23
High: $119.39

2 Week Range

Now: $115.77
Low: $99.71
High: $121.64

Volume

987,793 shs

Average Volume

5,677,245 shs

Market Capitalization

$200.80 billion

P/E Ratio

35.19

Dividend Yield

1.90%

Beta

0.72