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Rhea-AI Filing Summary

Liquidia Corporation (Nasdaq: LQDA) filed a Form 8-K announcing the appointment of Dana Boyle as Chief Accounting Officer effective July 1, 2025. Boyle, 41, has led the company’s accounting function since January 2021 as SVP-Finance and Controller. Her background includes senior finance roles at Aerami Therapeutics and Aralez Pharmaceuticals, plus public-accounting experience at Deloitte & Touche. She is a licensed CPA (NY) and holds a B.S. in Accounting from Rutgers University.

Compensation package:

  • Annual base salary: $425,000
  • Target cash bonus: 50 % of base salary
  • Equity award: Restricted Stock Units valued at $300,000 on the effective date. Vesting schedule: 25 % on July 11, 2026; remaining 75 % in equal quarterly installments over the following three years, subject to continued employment.

Severance terms: Under the Amended & Restated Executive Severance and Change in Control Plan, Boyle is entitled to up to 12 months of salary continuation, COBRA premium payments, and—if terminated within a change-in-control period—accelerated vesting of 100 % of unvested equity plus target bonus payout.

The filing states that no family relationships or related-party transactions exist. The appointment was not made pursuant to any arrangement with other parties.

Investor take-away: While the event does not directly influence revenue or near-term financials, installing a seasoned CAO may enhance financial reporting quality and internal controls—an incremental positive for governanceâ€focused investors.

Liquidia Corporation (Nasdaq: LQDA) ha presentato un modulo 8-K annunciando la nomina di Dana Boyle a Chief Accounting Officer con effetto dal 1° luglio 2025. Boyle, 41 anni, ha guidato la funzione contabile dell’azienda dal gennaio 2021 come SVP-Finance e Controller. Il suo background include ruoli senior nella finanza presso Aerami Therapeutics e Aralez Pharmaceuticals, oltre a esperienza nella contabilità pubblica presso Deloitte & Touche. È una CPA autorizzata (NY) e ha conseguito una laurea in Contabilità presso la Rutgers University.

Pacchetto retributivo:

  • Salario base annuo: 425.000 $
  • Bonus in denaro target: 50% del salario base
  • Premio in azioni: Restricted Stock Units del valore di 300.000 $ alla data di efficacia. Piano di maturazione: 25% il 11 luglio 2026; il restante 75% in rate trimestrali uguali nei successivi tre anni, subordinato alla permanenza in azienda.

Termini di risoluzione: Ai sensi del Piano Modificato e Ristabilito di Indennità per Esecutivi e Cambio di Controllo, Boyle ha diritto a un massimo di 12 mesi di continuazione dello stipendio, pagamento dei premi COBRA e, se licenziata durante un periodo di cambio di controllo, maturazione accelerata del 100% delle azioni non maturate più il pagamento del bonus target.

La dichiarazione afferma che non esistono rapporti familiari o transazioni con parti correlate. La nomina non è stata effettuata in base ad accordi con altre parti.

Indicazioni per gli investitori: Sebbene l’evento non influenzi direttamente i ricavi o i risultati finanziari a breve termine, la nomina di un CAO esperto potrebbe migliorare la qualità della rendicontazione finanziaria e i controlli interni, rappresentando un aspetto positivo per gli investitori attenti alla governance.

Liquidia Corporation (Nasdaq: LQDA) presentó un Formulario 8-K anunciando el nombramiento de Dana Boyle como Chief Accounting Officer con efecto a partir del 1 de julio de 2025. Boyle, de 41 años, ha liderado la función contable de la empresa desde enero de 2021 como SVP-Finance y Controller. Su experiencia incluye cargos senior en finanzas en Aerami Therapeutics y Aralez Pharmaceuticals, además de experiencia en auditoría pública en Deloitte & Touche. Es CPA licenciada (NY) y posee una licenciatura en Contabilidad de la Universidad de Rutgers.

Paquete de compensación:

  • Salario base anual: 425,000 $
  • Bono en efectivo objetivo: 50% del salario base
  • Premio en acciones: Unidades de Acciones Restringidas valoradas en 300,000 $ en la fecha de vigencia. Calendario de adquisición: 25% el 11 de julio de 2026; el 75% restante en cuotas trimestrales iguales durante los siguientes tres años, sujeto a la continuidad laboral.

Términos de indemnización: Según el Plan Modificado y Restablecido de Indemnización Ejecutiva y Cambio de Control, Boyle tiene derecho a hasta 12 meses de continuidad salarial, pagos de primas COBRA y, si es despedida durante un período de cambio de control, adquisición acelerada del 100% de las acciones no adquiridas más el pago del bono objetivo.

El documento indica que no existen relaciones familiares ni transacciones con partes relacionadas. El nombramiento no se realizó en virtud de ningún acuerdo con otras partes.

Conclusión para inversores: Aunque el evento no afecta directamente los ingresos ni las finanzas a corto plazo, la incorporación de un CAO experimentado podría mejorar la calidad de los informes financieros y los controles internos, lo que representa un aspecto positivo para los inversores enfocados en la gobernanza.

Liquidia Corporation (나스ë‹�: LQDA)ëŠ� 2025ë…� 7ì›� 1ì¼ë¶€ë¡� Dana Boyleì� 최고회계책임ìž�(Chief Accounting Officer)ë¡� 임명했다ê³� Form 8-Kë¥� 통해 발표했습니다. 41ì„¸ì¸ Boyleì€ 2021ë…� 1월부í„� SVP-Finance ë°� Controller로서 회사ì� 회계 기능ì� ì´ëŒì–� 왔습니다. 그녀ëŠ� Aerami Therapeutics와 Aralez Pharmaceuticalsì—서ì� 고위 재무 ì—­í• ê³� Deloitte & Toucheì—서ì� 공공 회계 경험ì� 보유하고 있습니다. 뉴욕ì£� ê³µì¸íšŒê³„ì‚�(CPA) ìžê²©ì¦ì„ 소지하고 Rutgers 대학êµì—서 회계í•� 학사 학위ë¥� 받았습니ë‹�.

ë³´ìƒ íŒ¨í‚¤ì§€:

  • ì—°ê°„ 기본ê¸�: 425,000 달러
  • 목표 현금 보너ìŠ�: ê¸°ë³¸ê¸‰ì˜ 50%
  • ì£¼ì‹ ë³´ìƒ: 발효ì� 기준 300,000 달러 ìƒë‹¹ì� 제한 ì£¼ì‹ ë‹¨ìœ„(RSU). 베스íŒ� ì¼ì •: 2026ë…� 7ì›� 11ì¼ì— 25%; ì´í›„ 3ë…„ê°„ 분기ë³� ë™ì¼ 비율ë¡� 75% ë¶„í•  베스íŒ�, ê³„ì† ê³ ìš© ì¡°ê±´ 하ì—.

í‡´ì§ ì¡°ê±´: 개정 ë°� ìž¬ì •ë¹„ëœ ìž„ì› í‡´ì§ ë°� ê²½ì˜ê¶� ë³€ê²� 계íšì—� ë”°ë¼, Boyleì€ ìµœëŒ€ 12개월ê°� 급여 유지, COBRA ë³´í—˜ë£� ì§€ê¸�, 그리ê³� ê²½ì˜ê¶� ë³€ê²� 기간 ë‚� í•´ê³  ì‹� 미베스팅 ì£¼ì‹ 100% ê°€ì†� 베스íŒ� ë°� 목표 보너ìŠ� ì§€ê¸‰ì„ ë°›ì„ ê¶Œë¦¬ê°€ 있습니다.

신고서ì—ëŠ� ê°€ì¡� 관계나 ê´€ë � 당사ìž� 거래가 없으ë©�, ìž„ëª…ì€ íƒ€ 당사ìžì™€ì� ì–´ë– í•� í•©ì˜ì—� 따른 ê²ƒì´ ì•„ë‹˜ì� 명시하고 있습니다.

투ìžìž� ìš”ì : ì´ë²ˆ ìž„ëª…ì€ ì§ì ‘ì ì¸ 수ìµì´ë‚˜ 단기 재무ì—� ì˜í–¥ì� 미치지ëŠ� 않지ë§�, 경험 ë§Žì€ CAOì� ì„ ìž„ì€ ìž¬ë¬´ ë³´ê³  품질ê³� ë‚´ë¶€ 통제ë¥� í–¥ìƒì‹œì¼œ 거버넌스ì—� 중ì ì� ë‘� 투ìžìžë“¤ì—게 ê¸ì •ì ì¸ 요소가 ë� ìˆ� 있습니다.

Liquidia Corporation (Nasdaq : LQDA) a déposé un formulaire 8-K annonçant la nomination de Dana Boyle en tant que Chief Accounting Officer, effective au 1er juillet 2025. Âgée de 41 ans, Boyle dirige la fonction comptable de l’entreprise depuis janvier 2021 en tant que SVP-Finance et Contrôleur. Son parcours inclut des postes financiers seniors chez Aerami Therapeutics et Aralez Pharmaceuticals, ainsi qu’une expérience en audit public chez Deloitte & Touche. Elle est CPA agréée (NY) et détient un B.S. en comptabilité de l’Université Rutgers.

Package de rémunération :

  • Salaire de base annuel : 425 000 $
  • Bonus en espèces cible : 50 % du salaire de base
  • Attribution d’actions : unités d’actions restreintes (RSU) d’une valeur de 300 000 $ à la date d’effet. Calendrier d’acquisition : 25 % le 11 juillet 2026 ; les 75 % restants en versements trimestriels égaux sur les trois années suivantes, sous réserve de la poursuite de l’emploi.

Conditions de départ : Conformément au Plan modifié et révisé d’indemnités exécutives et de changement de contrôle, Boyle a droit à une continuation de salaire jusqu’� 12 mois, au paiement des primes COBRA et, si elle est licenciée durant une période de changement de contrôle, à l’acquisition accélérée de 100 % des actions non acquises ainsi qu’au versement du bonus cible.

Le dépôt indique qu’aucune relation familiale ou transaction avec des parties liées n’existe. La nomination n’a pas été faite dans le cadre d’un accord avec d’autres parties.

Message aux investisseurs : Bien que cet événement n’ait pas d’impact direct sur les revenus ou les finances à court terme, la nomination d’un CAO expérimenté pourrait améliorer la qualité des rapports financiers et les contrôles internes, ce qui constitue un point positif supplémentaire pour les investisseurs axés sur la gouvernance.

Liquidia Corporation (Nasdaq: LQDA) hat ein Formular 8-K eingereicht und die Ernennung von Dana Boyle zum Chief Accounting Officer mit Wirkung zum 1. Juli 2025 bekannt gegeben. Boyle, 41 Jahre alt, leitet seit Januar 2021 die Buchhaltungsabteilung des Unternehmens als SVP-Finance und Controller. Ihr Hintergrund umfasst leitende Finanzpositionen bei Aerami Therapeutics und Aralez Pharmaceuticals sowie Erfahrungen in der Wirtschaftsprüfung bei Deloitte & Touche. Sie ist eine lizenzierte CPA (NY) und besitzt einen Bachelor of Science in Buchhaltung von der Rutgers University.

³Õ±ð°ù²µÃ¼³Ù³Ü²Ô²µ²õ±è²¹°ì±ð³Ù:

  • Jährliches Grundgehalt: 425.000 $
  • Ziel-Cashbonus: 50 % des Grundgehalts
  • Aktienzuteilung: Restricted Stock Units im Wert von 300.000 $ zum Wirksamkeitsdatum. Vesting-Plan: 25 % am 11. Juli 2026; die restlichen 75 % in gleichen vierteljährlichen Raten über die folgenden drei Jahre, vorbehaltlich einer fortgesetzten Anstellung.

Abfindungsbedingungen: Laut dem geänderten und neu gefassten Executive Severance and Change in Control Plan hat Boyle Anspruch auf bis zu 12 Monate Gehaltsfortzahlung, COBRA-Prämienzahlungen und � falls eine Kündigung während eines Kontrollwechselzeitraums erfolgt � beschleunigte Vesting von 100 % der nicht erworbenen Aktien sowie Auszahlung des Zielbonus.

Die Einreichung besagt, dass keine familiären Beziehungen oder Transaktionen mit verbundenen Parteien bestehen. Die Ernennung erfolgte nicht aufgrund einer Vereinbarung mit anderen Parteien.

Fazit für Investoren: Obwohl das Ereignis die Einnahmen oder kurzfristigen Finanzen nicht direkt beeinflusst, kann die Ernennung eines erfahrenen CAO die Qualität der Finanzberichterstattung und der internen Kontrollen verbessern � ein zusätzlicher positiver Faktor für investorenorientierte Governance.

Positive
  • Appointment of a licensed CPA with biotech experience strengthens financial reporting and internal controls.
  • Equity-based compensation aligns the new CAO’s incentives with long-term shareholder value.
Negative
  • None.

Insights

TL;DR � Experienced CAO hired; improves accounting oversight, modestly positive governance signal.

The appointment of Dana Boyle consolidates Liquidia’s finance leadership under a credentialed CPA with both biotech and public-company expertise. Stable, competent accounting leadership is particularly important as Liquidia advances late-stage pulmonary hypertension programs that will add complexity to revenue recognition and R&D capitalization once commercialized. The equity-heavy compensation aligns Boyle’s incentives with shareholders over a multi-year horizon, and the severance framework is market-standard, containing double-trigger acceleration only in a change-in-control scenario. No red flags on related-party dealings or excessive payouts are evident. Overall impact is mildly positive for governance and internal-control risk profile, but not a catalyst for valuation in the near term.

TL;DR � Neutral to portfolio returns; strengthens back-office, not thesis-shifting.

From an investment perspective, this 8-K is routine. A CAO transition rarely affects modelled cash flows or probability-of-success on drug candidates. The compensation levels are consistent with peers at similar market caps (<$1 bn), and the RSU vesting promotes retention through key regulatory milestones expected in the next three years. I see no change to risk-adjusted valuation or target price, but governance score ticks up slightly, which could marginally broaden the institutional investor base.

Liquidia Corporation (Nasdaq: LQDA) ha presentato un modulo 8-K annunciando la nomina di Dana Boyle a Chief Accounting Officer con effetto dal 1° luglio 2025. Boyle, 41 anni, ha guidato la funzione contabile dell’azienda dal gennaio 2021 come SVP-Finance e Controller. Il suo background include ruoli senior nella finanza presso Aerami Therapeutics e Aralez Pharmaceuticals, oltre a esperienza nella contabilità pubblica presso Deloitte & Touche. È una CPA autorizzata (NY) e ha conseguito una laurea in Contabilità presso la Rutgers University.

Pacchetto retributivo:

  • Salario base annuo: 425.000 $
  • Bonus in denaro target: 50% del salario base
  • Premio in azioni: Restricted Stock Units del valore di 300.000 $ alla data di efficacia. Piano di maturazione: 25% il 11 luglio 2026; il restante 75% in rate trimestrali uguali nei successivi tre anni, subordinato alla permanenza in azienda.

Termini di risoluzione: Ai sensi del Piano Modificato e Ristabilito di Indennità per Esecutivi e Cambio di Controllo, Boyle ha diritto a un massimo di 12 mesi di continuazione dello stipendio, pagamento dei premi COBRA e, se licenziata durante un periodo di cambio di controllo, maturazione accelerata del 100% delle azioni non maturate più il pagamento del bonus target.

La dichiarazione afferma che non esistono rapporti familiari o transazioni con parti correlate. La nomina non è stata effettuata in base ad accordi con altre parti.

Indicazioni per gli investitori: Sebbene l’evento non influenzi direttamente i ricavi o i risultati finanziari a breve termine, la nomina di un CAO esperto potrebbe migliorare la qualità della rendicontazione finanziaria e i controlli interni, rappresentando un aspetto positivo per gli investitori attenti alla governance.

Liquidia Corporation (Nasdaq: LQDA) presentó un Formulario 8-K anunciando el nombramiento de Dana Boyle como Chief Accounting Officer con efecto a partir del 1 de julio de 2025. Boyle, de 41 años, ha liderado la función contable de la empresa desde enero de 2021 como SVP-Finance y Controller. Su experiencia incluye cargos senior en finanzas en Aerami Therapeutics y Aralez Pharmaceuticals, además de experiencia en auditoría pública en Deloitte & Touche. Es CPA licenciada (NY) y posee una licenciatura en Contabilidad de la Universidad de Rutgers.

Paquete de compensación:

  • Salario base anual: 425,000 $
  • Bono en efectivo objetivo: 50% del salario base
  • Premio en acciones: Unidades de Acciones Restringidas valoradas en 300,000 $ en la fecha de vigencia. Calendario de adquisición: 25% el 11 de julio de 2026; el 75% restante en cuotas trimestrales iguales durante los siguientes tres años, sujeto a la continuidad laboral.

Términos de indemnización: Según el Plan Modificado y Restablecido de Indemnización Ejecutiva y Cambio de Control, Boyle tiene derecho a hasta 12 meses de continuidad salarial, pagos de primas COBRA y, si es despedida durante un período de cambio de control, adquisición acelerada del 100% de las acciones no adquiridas más el pago del bono objetivo.

El documento indica que no existen relaciones familiares ni transacciones con partes relacionadas. El nombramiento no se realizó en virtud de ningún acuerdo con otras partes.

Conclusión para inversores: Aunque el evento no afecta directamente los ingresos ni las finanzas a corto plazo, la incorporación de un CAO experimentado podría mejorar la calidad de los informes financieros y los controles internos, lo que representa un aspecto positivo para los inversores enfocados en la gobernanza.

Liquidia Corporation (나스ë‹�: LQDA)ëŠ� 2025ë…� 7ì›� 1ì¼ë¶€ë¡� Dana Boyleì� 최고회계책임ìž�(Chief Accounting Officer)ë¡� 임명했다ê³� Form 8-Kë¥� 통해 발표했습니다. 41ì„¸ì¸ Boyleì€ 2021ë…� 1월부í„� SVP-Finance ë°� Controller로서 회사ì� 회계 기능ì� ì´ëŒì–� 왔습니다. 그녀ëŠ� Aerami Therapeutics와 Aralez Pharmaceuticalsì—서ì� 고위 재무 ì—­í• ê³� Deloitte & Toucheì—서ì� 공공 회계 경험ì� 보유하고 있습니다. 뉴욕ì£� ê³µì¸íšŒê³„ì‚�(CPA) ìžê²©ì¦ì„ 소지하고 Rutgers 대학êµì—서 회계í•� 학사 학위ë¥� 받았습니ë‹�.

ë³´ìƒ íŒ¨í‚¤ì§€:

  • ì—°ê°„ 기본ê¸�: 425,000 달러
  • 목표 현금 보너ìŠ�: ê¸°ë³¸ê¸‰ì˜ 50%
  • ì£¼ì‹ ë³´ìƒ: 발효ì� 기준 300,000 달러 ìƒë‹¹ì� 제한 ì£¼ì‹ ë‹¨ìœ„(RSU). 베스íŒ� ì¼ì •: 2026ë…� 7ì›� 11ì¼ì— 25%; ì´í›„ 3ë…„ê°„ 분기ë³� ë™ì¼ 비율ë¡� 75% ë¶„í•  베스íŒ�, ê³„ì† ê³ ìš© ì¡°ê±´ 하ì—.

í‡´ì§ ì¡°ê±´: 개정 ë°� ìž¬ì •ë¹„ëœ ìž„ì› í‡´ì§ ë°� ê²½ì˜ê¶� ë³€ê²� 계íšì—� ë”°ë¼, Boyleì€ ìµœëŒ€ 12개월ê°� 급여 유지, COBRA ë³´í—˜ë£� ì§€ê¸�, 그리ê³� ê²½ì˜ê¶� ë³€ê²� 기간 ë‚� í•´ê³  ì‹� 미베스팅 ì£¼ì‹ 100% ê°€ì†� 베스íŒ� ë°� 목표 보너ìŠ� ì§€ê¸‰ì„ ë°›ì„ ê¶Œë¦¬ê°€ 있습니다.

신고서ì—ëŠ� ê°€ì¡� 관계나 ê´€ë � 당사ìž� 거래가 없으ë©�, ìž„ëª…ì€ íƒ€ 당사ìžì™€ì� ì–´ë– í•� í•©ì˜ì—� 따른 ê²ƒì´ ì•„ë‹˜ì� 명시하고 있습니다.

투ìžìž� ìš”ì : ì´ë²ˆ ìž„ëª…ì€ ì§ì ‘ì ì¸ 수ìµì´ë‚˜ 단기 재무ì—� ì˜í–¥ì� 미치지ëŠ� 않지ë§�, 경험 ë§Žì€ CAOì� ì„ ìž„ì€ ìž¬ë¬´ ë³´ê³  품질ê³� ë‚´ë¶€ 통제ë¥� í–¥ìƒì‹œì¼œ 거버넌스ì—� 중ì ì� ë‘� 투ìžìžë“¤ì—게 ê¸ì •ì ì¸ 요소가 ë� ìˆ� 있습니다.

Liquidia Corporation (Nasdaq : LQDA) a déposé un formulaire 8-K annonçant la nomination de Dana Boyle en tant que Chief Accounting Officer, effective au 1er juillet 2025. Âgée de 41 ans, Boyle dirige la fonction comptable de l’entreprise depuis janvier 2021 en tant que SVP-Finance et Contrôleur. Son parcours inclut des postes financiers seniors chez Aerami Therapeutics et Aralez Pharmaceuticals, ainsi qu’une expérience en audit public chez Deloitte & Touche. Elle est CPA agréée (NY) et détient un B.S. en comptabilité de l’Université Rutgers.

Package de rémunération :

  • Salaire de base annuel : 425 000 $
  • Bonus en espèces cible : 50 % du salaire de base
  • Attribution d’actions : unités d’actions restreintes (RSU) d’une valeur de 300 000 $ à la date d’effet. Calendrier d’acquisition : 25 % le 11 juillet 2026 ; les 75 % restants en versements trimestriels égaux sur les trois années suivantes, sous réserve de la poursuite de l’emploi.

Conditions de départ : Conformément au Plan modifié et révisé d’indemnités exécutives et de changement de contrôle, Boyle a droit à une continuation de salaire jusqu’� 12 mois, au paiement des primes COBRA et, si elle est licenciée durant une période de changement de contrôle, à l’acquisition accélérée de 100 % des actions non acquises ainsi qu’au versement du bonus cible.

Le dépôt indique qu’aucune relation familiale ou transaction avec des parties liées n’existe. La nomination n’a pas été faite dans le cadre d’un accord avec d’autres parties.

Message aux investisseurs : Bien que cet événement n’ait pas d’impact direct sur les revenus ou les finances à court terme, la nomination d’un CAO expérimenté pourrait améliorer la qualité des rapports financiers et les contrôles internes, ce qui constitue un point positif supplémentaire pour les investisseurs axés sur la gouvernance.

Liquidia Corporation (Nasdaq: LQDA) hat ein Formular 8-K eingereicht und die Ernennung von Dana Boyle zum Chief Accounting Officer mit Wirkung zum 1. Juli 2025 bekannt gegeben. Boyle, 41 Jahre alt, leitet seit Januar 2021 die Buchhaltungsabteilung des Unternehmens als SVP-Finance und Controller. Ihr Hintergrund umfasst leitende Finanzpositionen bei Aerami Therapeutics und Aralez Pharmaceuticals sowie Erfahrungen in der Wirtschaftsprüfung bei Deloitte & Touche. Sie ist eine lizenzierte CPA (NY) und besitzt einen Bachelor of Science in Buchhaltung von der Rutgers University.

³Õ±ð°ù²µÃ¼³Ù³Ü²Ô²µ²õ±è²¹°ì±ð³Ù:

  • Jährliches Grundgehalt: 425.000 $
  • Ziel-Cashbonus: 50 % des Grundgehalts
  • Aktienzuteilung: Restricted Stock Units im Wert von 300.000 $ zum Wirksamkeitsdatum. Vesting-Plan: 25 % am 11. Juli 2026; die restlichen 75 % in gleichen vierteljährlichen Raten über die folgenden drei Jahre, vorbehaltlich einer fortgesetzten Anstellung.

Abfindungsbedingungen: Laut dem geänderten und neu gefassten Executive Severance and Change in Control Plan hat Boyle Anspruch auf bis zu 12 Monate Gehaltsfortzahlung, COBRA-Prämienzahlungen und � falls eine Kündigung während eines Kontrollwechselzeitraums erfolgt � beschleunigte Vesting von 100 % der nicht erworbenen Aktien sowie Auszahlung des Zielbonus.

Die Einreichung besagt, dass keine familiären Beziehungen oder Transaktionen mit verbundenen Parteien bestehen. Die Ernennung erfolgte nicht aufgrund einer Vereinbarung mit anderen Parteien.

Fazit für Investoren: Obwohl das Ereignis die Einnahmen oder kurzfristigen Finanzen nicht direkt beeinflusst, kann die Ernennung eines erfahrenen CAO die Qualität der Finanzberichterstattung und der internen Kontrollen verbessern � ein zusätzlicher positiver Faktor für investorenorientierte Governance.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Jones Nina P

(Last) (First) (Middle)
7 WHITFIELD ROAD

(Street)
BALTIMORE MD 21210

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SIMON PROPERTY GROUP INC /DE/ [ SPG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/30/2025 P(1) 38 A $159.29(1) 2,962 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares of common stock acquired through the reinvestment of dividends received on restricted stock awarded to the Reporting Person as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan.
/s/ Nina P. Jones by her attorney-in-fact, Kevin M. Kelly 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who is Liquidia's new Chief Accounting Officer and when was she appointed?

Dana Boyle was appointed CAO effective July 1, 2025.

What is the base salary and bonus opportunity for LQDA's new CAO?

Boyle will earn a $425,000 base salary and is eligible for a 50 % annual cash bonus.

How many restricted stock units did Dana Boyle receive from Liquidia?

She received RSUs valued at $300,000 on the grant date, vesting over four years.

What severance benefits could the CAO receive upon termination?

She may receive 12 months of salary, COBRA premiums, and accelerated equity vesting if terminated during a change-in-control period.

Does the 8-K disclose any related-party transactions involving Ms. Boyle?

No. The filing states no direct or indirect material interests under Item 404(a).
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