Director at MP Materials (NYSE: MP) receives 3,998 shares from RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MP Materials Corp. director Richard B. Myers exercised previously granted restricted stock units and received common shares. On June 15, 2026, 3,998 restricted stock units converted into 3,998 shares of common stock on a one-for-one basis, increasing his direct holdings to 7,792 shares.
The RSUs were originally granted on November 17, 2020, vested on June 1, 2021, and delivery of the underlying shares was deferred until June 15, 2026. This filing reflects a compensation-related share delivery, with no open-market buying or selling reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,998 shares exercised/converted
Mixed
2 txns
Insider
MYERS RICHARD B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,998 | $0.00 | -- |
| Exercise | Common Stock | 3,998 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 7,792 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On November 17, 2020, the reporting person was granted 3,998 restricted stock units, which vested on June 1, 2021, and the reporting person's receipt of the shares of common stock was deferred until June 15, 2026.
Key Figures
RSUs converted: 3,998 units
Common shares received: 3,998 shares
Total shares after transaction: 7,792 shares
+1 more
4 metrics
RSUs converted
3,998 units
Restricted stock units converting into common stock on June 15, 2026
Common shares received
3,998 shares
One-for-one conversion from restricted stock units on June 15, 2026
Total shares after transaction
7,792 shares
Director’s direct holdings following the June 15, 2026 conversion
Original RSU grant
3,998 units
Granted November 17, 2020; vested June 1, 2021; delivery deferred to June 15, 2026
Key Terms
Restricted Stock Units, one-for-one basis, derivative security
3 terms
Restricted Stock Units financial
"On November 17, 2020, the reporting person was granted 3,998 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did MP (MP) report for Richard B. Myers?
MP Materials reported that director Richard B. Myers received 3,998 common shares when his restricted stock units converted on June 15, 2026. This transaction reflects delivery of previously earned equity compensation rather than an open-market purchase or sale of MP shares.
When were the MP (MP) restricted stock units granted and vested for Myers?
The 3,998 restricted stock units were granted to Richard B. Myers on November 17, 2020 and vested on June 1, 2021. However, his receipt of the underlying common shares was contractually deferred until June 15, 2026, when they were finally delivered.
Does the MP (MP) Form 4 show any open-market buying or selling by Myers?
The Form 4 does not show any open-market buying or selling by Richard B. Myers. It records only the exercise and conversion of 3,998 restricted stock units into common shares, a non-cash equity compensation event rather than a discretionary trade in MP stock.
How do the restricted stock units in MP (MP) convert into common stock?
The restricted stock units convert into MP Materials common stock on a one-for-one basis. In this filing, 3,998 RSUs became 3,998 common shares when delivered, consistent with the terms described in the footnotes to the insider transaction disclosure.