Form 4: MP Materials CFO Ryan Corbett Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Ryan Corbett, CFO of MP Materials Corp., reports the disposal of 289 common stock shares on March 16, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On March 16, 2024, Ryan Corbett, the Chief Financial Officer of MP Materials Corp., disposed of 289 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- The shares were sold at a price of $13.9.
- Following the transaction, Corbett directly owns 375,021 shares of MP Materials Corp.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment. The CFO still holds a significant number of shares.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 03/16/2024 | Date of stock transaction (disposal of shares for tax withholding). |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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