Liquidia (LQDA) executive compensation, 2026 proxy

Roger A. Jeffs, Ph.D., Chief Executive Officer, was paid $7.7M in 2025, up 14% from $6.8M the year before. The CEO-to-median-employee pay ratio was 31:1, on median employee pay of $251,948.

Filed
April 24, 2026
Pay year
2025
Named executives
5
CEO total pay
$7.7M+14% vs prior year
CEO to median employee
31:1median $251,948
CEO pay in equity
72%$5.6M in awards
Prior say-on-pay support
97%of votes cast
CEO Target Bonus
70%Percentage of annualized base salary
Corporate Bonus Payout
200%Based on 2025 corporate goals
Say-on-Pay Support
97.1%Prior year stockholder approval
Median Employee Pay
$251,948Annual total compensation

How Ph.D. was paid

$7.7M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary11%Bonus0%Stock awards72%Non-equity incentive16%All other compensation0%

Named executive officers

ExecutiveTotal
Roger A. Jeffs, Ph.D.Chief Executive Officer$7,712,736
Michael KasetaChief Financial Officer and Chief Operating Officer$4,156,063
Russell SchundlerGeneral Counsel and Secretary$3,671,095
Rajeev Saggar, M.D.Chief Medical Officer$2,916,844
Scott MoomawChief Commercial Officer$2,680,954

What changed and why

  • $7.7MCEO total compensation increased to $7,712,736 in fiscal 2025.
  • 97.1%Stockholders approved the prior say-on-pay proposal with 97.1% support.
  • Company achieved profitability and successful commercial launch of YUTREPIA.
  • 200%Non-equity incentive payouts reflected 200% achievement of corporate goals.
  • $25,000Special cash bonuses of $25,000 were paid for the first commercial sale.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.