Director at MP Materials (NYSE: MP) granted 3,038 RSUs as equity pay
Rhea-AI Filing Summary
McKnight Andrew A. reported acquisition or exercise transactions in this Form 4 filing.
MP Materials Corp. director Andrew A. McKnight received a grant of 3,038 restricted stock units on June 9, 2026. Each RSU represents a right to receive one share of MP Materials Class A common stock.
The RSUs vest on the earlier of June 15, 2027 or the company’s next annual stockholder meeting, as long as McKnight continues serving as a director through that date. After vesting, the award is settled upon the earlier of June 15 following the fifth anniversary of vesting, a qualifying change in control event, or his separation from service, with full vesting upon a change in control or termination due to death or disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McKnight Andrew A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,038 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 3,038 shares (Direct)
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
RSUs granted: 3,038 RSUs
Underlying shares: 3,038 shares
Vesting date: June 15, 2027
+1 more
4 metrics
RSUs granted
3,038 RSUs
Grant to director Andrew A. McKnight on June 9, 2026
Underlying shares
3,038 shares
Each RSU equals one share of Class A common stock
Vesting date
June 15, 2027
Vests on earlier of this date or next annual meeting
Holdings after grant
3,038 RSUs
Total derivative holdings following the reported transaction
Key Terms
Restricted Stock Units, Class A common stock, change in control event, Section 409A of the Internal Revenue Code
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
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.
Class A common stock financial
"one share of MP Materials Corp. ("Issuer") Class A common stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
change in control event financial
"a "change in control event" within the meaning of Section 409A"
Section 409A of the Internal Revenue Code financial
"within the meaning of Section 409A of the Internal Revenue Code"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did MP (MP Materials Corp.) report in this Form 4 for Andrew McKnight?
MP Materials reported that director Andrew A. McKnight received 3,038 restricted stock units. Each RSU represents a right to one share of Class A common stock, granted as equity compensation rather than an open-market stock purchase or sale.
How many RSUs did MP director Andrew McKnight receive and what do they represent?
Andrew McKnight received 3,038 restricted stock units from MP Materials. Each RSU represents a contingent right to receive one share of MP Materials Class A common stock, delivered in the future if the vesting and settlement conditions are satisfied.
When do Andrew McKnight’s 3,038 MP restricted stock units vest?
The 3,038 RSUs vest on the earlier of June 15, 2027 or MP Materials’ next annual stockholder meeting. Vesting is conditioned on McKnight’s continued service as a director through that date, with accelerated vesting on certain change in control or death/disability events.
Do Andrew McKnight’s MP RSUs have any special change in control protection?
Yes. The RSUs fully vest upon a change in control of MP Materials or if McKnight’s board service ends due to death or disability. This protection ensures he earns the full award if a major corporate transaction or such circumstances occur before normal vesting.