MP Materials Corp. / DE Insider Trading Activity
MP Materials Corp. reported that its General Counsel and Secretary, Elliot D. Hoops, had restricted stock units vest and related tax share withholdings in mid-January 2026.
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Rhea-AI Filing Summary
MP Materials Corp. reported that its General Counsel and Secretary, Elliot D. Hoops, had restricted stock units vest and related tax share withholdings in mid-January 2026. On January 12, 2026, he acquired 8,722 shares of common stock from time-based RSUs and 22,942 shares from performance-based RSUs at no cost, following the completion of a performance period and certification of pre-set performance conditions.
To cover tax obligations from these vestings, the company withheld shares on several dates, including 9,028 and 4,526 shares on January 12, 3,769 shares on January 13, and 1,300 shares on January 14 at stated market prices. After these transactions, Hoops directly beneficially owned 82,790 shares of MP Materials common stock and indirectly held an additional 1,000 shares through his spouse.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,300 | $69.30 | $90K |
| Exercise Price or Tax Liability | Common Stock | 3,769 | $63.82 | $241K |
| Grant/Award | Common Stock | 8,722 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 22,942 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,028 | $65.34 | $590K |
| Exercise Price or Tax Liability | Common Stock | 4,526 | $65.34 | $296K |
| holding | Common Stock | -- | -- | -- |
Footnotes (6)
- F1. The securities reported are restricted stock units that vest in four annual installments beginning on the first anniversary of the grant date. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the issuer's common stock.
- F2. Represents the number of shares of Common Stock received upon vesting of restricted stock units with performance conditions award previously granted to the reporting person on February 23, 2023. Under the terms of this award, the restricted stock units with performance conditions cliff vest upon the conclusion of the three-year performance period from 01/01/2023 through 12/31/2025 and the certification of the Company's achievement of the pre-established performance conditions based on the relative total shareholder return of the Company's share price compared to the S&P 400 Index and S&P 400 Materials Index.
- F3. Represents shares withheld to satisfy tax withholding obligations applicable to the vesting of restricted stock units with performance conditions that vested on January 12, 2026.
- F4. Represents shares withheld to satisfy tax withholding obligations applicable to the vesting of restricted stock units that vested on January 12, 2026.
- F5. Represents shares withheld to satisfy tax withholding obligations applicable to the vesting of restricted stock units that vested on January 13, 2026.
- F6. Represents shares withheld to satisfy tax withholding obligations applicable to the vesting of restricted stock units that vested on January 14, 2026.
FAQ
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What did MP (MP) report in Elliot D. Hoops’s latest Form 4?
What are the performance conditions tied to some of the MP RSUs that vested?
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