MP director granted 3,038 restricted stock units
Lavan Maryanne reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Lavan Maryanne reported acquisition or exercise transactions in this Form 4 filing.
MP Materials Corp. director Maryanne Lavan received a grant of 3,038 restricted stock units, each representing one share of Class A common stock. The units were awarded at no cost as equity compensation and bring her directly held RSU balance to 3,038.
These RSUs vest on the earlier of June 15, 2027 or the next annual stockholder meeting, if she continues serving as a director through that date. Once vested, they are settled in shares upon the earlier of a June 15 date following the fifth anniversary of vesting, a qualifying change in control event, or her separation from service, with full vesting upon a change in control or termination due to death or disability.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,038 | $0.00 | $0.00 |
Footnotes (1)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of MP Materials Corp. ("Issuer") Class A common stock. These RSUs vest on the earlier of: (i) June 15, 2027; and (ii) the next annual meeting of the Issuer's stockholders, subject to the reporting person's continued service through the applicable vesting date, and settled upon the earlier to occur of (x) June 15th following the fifth anniversary of the vesting date; (y) a "change in control event" within the meaning of Section 409A of the Internal Revenue Code; and (z) the date of the director's separation from service. These RSUs fully vest upon a change in control of the Issuer or the director's termination of service due to death or disability.
Key Figures
Key Terms
Restricted Stock Units financial
Class A common stock financial
change in control event financial
Section 409A of the Internal Revenue Code financial
FAQ
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What did MP (MP Materials Corp.) report in this Form 4 for Maryanne Lavan?
How many MP restricted stock units were granted to director Maryanne Lavan?
When do Maryanne Lavan’s MP restricted stock units vest?
Does the RSU award for MP director Maryanne Lavan accelerate on a change in control?
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