Boyle Dana 4

What Happened Dana Boyle, Liquidia Corporation’s Chief Accounting Officer, was granted equity awards on January 16, 2026: 23,728 restricted stock units (RSUs) and 35,592 performance stock units (PSUs). Both awards were granted with a $0 per-share purchase price (i.e., no cash paid at grant). These are awards (transaction code A), not open-market buys or sales.

Key Details

• Transaction date: January 16, 2026; filing date: January 21, 2026 (filing marked late).
• Grant amounts: 23,728 RSUs (convert 1-for-1 to common stock) and 35,592 PSUs (convert 1-for-1 if/when vested).
• Reported value at grant: $0.00 per share / $0 total cash outlay for the insider.
• Shares/securities reported following the transaction (per footnote): 135,509 total securities, which include multiple prior unvested RSU grants and 3,527 shares acquired under the 2020 Employee Stock Purchase Plan.
• Vesting notes:
  • RSUs: 25% vests on Jan 11, 2027, then 6.25% every three months thereafter (footnote F2).
  • PSUs: 25% vests on the Initial Vesting Date or, if later, when the issuer files its FY2026 Form 10‑K; then 6.25% every three months. PSU vesting also depends on a milestone tied to net product sales revenue from YUTREPIA in 2026 as disclosed in the FY2026 10‑K (footnote F5).
• Transaction type: Award/Grant (A). Filing timeliness flagged as late (transactionTimeliness = 'L').

Context

• RSUs and PSUs are long-term compensation: RSUs convert to common shares on a 1:1 basis when vested; PSUs require both time-based vesting and a performance milestone tied to YUTREPIA 2026 net sales disclosed in the FY2026 10‑K.
• These grants do not involve an immediate cash purchase or sale by the insider and therefore do not directly signal buying or selling sentiment. The late filing reduces near-term transparency but does not change the nature of the awards.