Liquidia Management
Management criteria checks 2/4
Liquidia's CEO is Roger Jeffs, appointed in Jan 2022, has a tenure of 4.17 years. total yearly compensation is $6.75M, comprised of 11.8% salary and 88.2% bonuses, including company stock and options. directly owns 2.58% of the company’s shares, worth €71.59M. The average tenure of the management team and the board of directors is 2.7 years and 6.4 years respectively.
Key information
Roger Jeffs
Chief executive officer
US$6.8m
Total compensation
| CEO salary percentage | 11.85% |
| CEO tenure | 4.2yrs |
| CEO ownership | 2.6% |
| Management average tenure | 2.7yrs |
| Board average tenure | 6.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | n/a | n/a | -US$69m |
| Sep 30 2025 | n/a | n/a | -US$124m |
| Jun 30 2025 | n/a | n/a | -US$152m |
| Mar 31 2025 | n/a | n/a | -US$139m |
| Dec 31 2024 | US$7m | US$800k | -US$128m |
| Sep 30 2024 | n/a | n/a | -US$117m |
| Jun 30 2024 | n/a | n/a | -US$102m |
| Mar 31 2024 | n/a | n/a | -US$97m |
| Dec 31 2023 | US$5m | US$689k | -US$79m |
| Sep 30 2023 | n/a | n/a | -US$58m |
| Jun 30 2023 | n/a | n/a | -US$51m |
| Mar 31 2023 | n/a | n/a | -US$37m |
| Dec 31 2022 | US$11m | US$325k | -US$41m |
| Sep 30 2022 | n/a | n/a | -US$46m |
| Jun 30 2022 | n/a | n/a | -US$44m |
| Mar 31 2022 | n/a | n/a | -US$41m |
| Dec 31 2021 | US$93k | n/a | -US$35m |
| Sep 30 2021 | n/a | n/a | -US$39m |
| Jun 30 2021 | n/a | n/a | -US$47m |
| Mar 31 2021 | n/a | n/a | -US$54m |
| Dec 31 2020 | US$89k | n/a | -US$60m |
Compensation vs Market: Roger's total compensation ($USD6.75M) is above average for companies of similar size in the German market ($USD2.18M).
Compensation vs Earnings: Roger's compensation has increased whilst the company is unprofitable.
CEO
Roger Jeffs (63 yo)
Dr. Roger A. Jeffs, Ph D., serves as Director at Liquidia Corporation (formerly known as Liquidia Technologies, Inc.) since November 2020 and serves as its Chief Executive Officer from January 3, 2022. He...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.2yrs | US$6.75m | 2.58% € 71.6m | |
| COO & CFO | 5.3yrs | US$3.79m | 0.22% € 6.0m | |
| General Counsel & Corporate Secretary | 5yrs | US$2.86m | 0.50% € 13.8m | |
| Chief Accounting Officer | less than a year | no data | 0.058% € 1.6m | |
| Senior VP | less than a year | no data | no data | |
| Senior Vice President of Marketing | 1.2yrs | no data | no data | |
| Senior Vice President of Sales | 1.2yrs | no data | no data | |
| Chief Human Resources Officer | 2.8yrs | no data | 0.047% € 1.3m | |
| Chief Business Officer | 2.7yrs | no data | 0.12% € 3.4m | |
| Chief Commercial Officer | 5.3yrs | no data | 0.066% € 1.8m | |
| Chief Medical Officer | 3.7yrs | no data | 0.084% € 2.3m | |
| Senior Vice President of Manufacturing Operations | 2.2yrs | no data | no data |
Experienced Management: LT4's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 5.3yrs | US$6.75m | 2.58% € 71.6m | |
| Independent Director | 9.5yrs | US$327.51k | 0.059% € 1.7m | |
| Independent Director | 6.5yrs | US$315.01k | 0.017% € 484.2k | |
| Independent Chairman | 16.7yrs | US$362.51k | 0.023% € 642.0k | |
| Independent Director | 5.3yrs | US$305.01k | 5.31% € 147.5m | |
| Independent Director | 4.9yrs | US$310.01k | 0.023% € 642.0k | |
| Independent Director | 5.3yrs | US$300.01k | 0.077% € 2.1m | |
| Independent Director | 8.1yrs | US$315.01k | 0.015% € 405.3k | |
| Independent Director | 6.4yrs | US$312.51k | 0.023% € 642.0k |
Experienced Board: LT4's board of directors are considered experienced (6.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/03/26 10:48 |
| End of Day Share Price | 2026/03/25 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Liquidia Corporation is covered by 16 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jason Matthew Gerberry | BofA Global Research |
| Julian Harrison | BTIG |
| Andrew Fein | H.C. Wainwright & Co. |