Form 4: MP Materials Corp. Executive Elliot Dean Hoops Reports Stock Transaction
SEC Form 4 Filing
Elliot Dean Hoops, General Counsel and Secretary of MP Materials Corp., reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 17, 2025, Elliot Dean Hoops, General Counsel and Secretary of MP Materials Corp., had shares withheld to cover tax obligations.
- A total of 3,584 shares of common stock were withheld at a price of $21.31 per share.
- Following the transaction, Hoops directly owns 75,272 shares of common stock.
- Hoops also indirectly owns 19,013 shares through the Hoops Family Trust and 1,000 shares through his spouse.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't convey any particularly positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure related to insider transactions, specifically the withholding of shares to cover tax obligations upon the vesting of restricted stock units. It's a common practice and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/17/2025 | Date of the stock transaction (withholding of shares for tax obligations). |
| 05/19/2025 | Date of signature on the Form 4 filing. |
Keywords
MP Materials Corp., Elliot Dean Hoops, Form 4, insider trading, stock transaction, beneficial ownership, tax withholding, restricted stock units
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