MannKind director (MNKD) awarded stock and RSUs, updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MannKind Corporation director Ronald J. Consiglio reported equity compensation and a share purchase tied to his board service. He acquired 10,000 shares of common stock at $2.95 per share through the company’s Market Price Stock Purchase Plan, which was approved by the board on May 20, 2026.
He also received two awards of restricted stock units (RSUs) covering 16,556 and 82,781 units. Each RSU represents a contingent right to receive one share of MNKD common stock, with shares generally delivered only after separation from the board. Following these transactions, he directly holds 132,342 common shares. Footnotes note that 423,655 deferred RSUs were inadvertently included in prior reported share holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Consiglio Ronald J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 82,781 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 16,556 | $0.00 | -- |
| Grant/Award | Common Stock, $0.01 Par Value | 10,000 | $2.95 | $30K |
Holdings After Transaction:
Restricted Stock Unit — 82,781 shares (Direct);
Common Stock, $0.01 Par Value — 132,342 shares (Direct)
Footnotes (1)
- The securities were purchased through the Issuer's Market Price Stock Purchase Plan effective May 29, 2018. The purchase was approved by the Company's Board of Directors on May 20, 2026. 423,655 shares representing deferred restricted stock units were inadvertently included in Table I holdings on prior filings. Each restricted stock unit represents a contingent right to receive one share of MNKD common stock. Restricted stock unit vested on May 20, 2026, but the shares will not be delivered until there is a separation of service from the board of directors of MannKind Corporation. Award granted in lieu of annual cash retainer payment for non-employee directors. Restricted stock unit shall vest immediately, but the shares shall not be delivered until there is a separation of service from the board of directors of MannKind Corporation.
Key Figures
Common shares acquired: 10,000 shares at $2.95
RSU grant 1: 16,556 units
RSU grant 2: 82,781 units
+2 more
5 metrics
Common shares acquired
10,000 shares at $2.95
Purchase through Market Price Stock Purchase Plan on May 20, 2026
RSU grant 1
16,556 units
Restricted Stock Units representing MNKD common shares
RSU grant 2
82,781 units
Restricted Stock Units granted in lieu of cash retainer
Shares held after transaction
132,342 shares
Direct common stock holdings following Form 4 transactions
Deferred RSUs previously misreported
423,655 units
Deferred RSUs previously included in Table I holdings
Key Terms
Restricted Stock Unit, Market Price Stock Purchase Plan, deferred restricted stock units, separation of service, +1 more
5 terms
Restricted Stock Unit financial
"The security title includes “Restricted Stock Unit” for two derivative awards."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Market Price Stock Purchase Plan financial
"The securities were purchased through the Issuer's Market Price Stock Purchase Plan."
deferred restricted stock units financial
"423,655 shares representing deferred restricted stock units were inadvertently included."
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
separation of service financial
"Shares will not be delivered until there is a separation of service from the board."
annual cash retainer payment financial
"Award granted in lieu of annual cash retainer payment for non-employee directors."
FAQ
What did MannKind (MNKD) director Ronald J. Consiglio acquire in this Form 4?
Ronald J. Consiglio acquired 10,000 MannKind common shares at $2.95 per share and received two restricted stock unit grants of 16,556 and 82,781 units. These transactions reflect equity compensation and a related share purchase connected to his role as a non-employee director.
What are the terms of the restricted stock units reported by MannKind (MNKD) director Consiglio?
Consiglio received restricted stock unit awards covering 16,556 and 82,781 units, each representing a contingent right to one MNKD share. The RSUs vest or are treated as vested, but the underlying shares are not delivered until his separation of service from MannKind’s board of directors.
Was there any correction or clarification of prior MannKind (MNKD) Form 4 reports?
Yes. A footnote states that 423,655 shares representing deferred restricted stock units were inadvertently included in prior Table I holdings. This clarification separates those deferred RSUs from previously reported common stock holdings, improving the accuracy of Consiglio’s disclosed ownership.