MP director granted 3,038 RSUs as equity award
DONALD ARNOLD W reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
DONALD ARNOLD W reported acquisition or exercise transactions in this Form 4 filing.
MP Materials Corp. director Donald Arnold reported a grant of 3,038 restricted stock units (RSUs) tied to the company’s common stock. This is a compensation-related award, not an open-market share purchase or sale.
Each RSU represents the right to receive one share of common stock in the future. The RSUs vest on the earlier of June 15, 2027 or the next annual stockholder meeting, if he remains in service through that date. They are then settled upon the earlier of June 15 following the fifth anniversary of vesting, a qualifying change in control event, or the director’s separation from service. The RSUs fully vest earlier if there is a change in control of MP Materials or if his service ends due to death or disability. After this grant, he holds 3,038 RSUs directly.
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") 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
contingent right financial
change in control event financial
Section 409A of the Internal Revenue Code regulatory
FAQ
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What insider transaction did MP (MP Materials Corp.) report in this Form 4?
How many MP Materials RSUs did director Donald Arnold receive?
When do the newly granted MP Materials RSUs vest for the director?
Under what conditions are the MP Materials RSUs settled into common stock?
Do the MP Materials RSUs vest earlier in a change in control scenario?
Is this MP Materials Form 4 transaction a stock purchase or sale?
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