MP Materials grants $28M performance-based PRSUs to execs tied to U.S. DoD milestones

MP Materials Corp. / DE

CEO James Litinsky receives $15M target PRSUs; COO $7.5M, CFO $3.5M, GC $2M.
PRSUs vest over 5 years with milestones at 3yr (50%), 4yr (25%), 5yr (25%).
Milestones include heavy REE refinement, magnet production at Independence and 10X facilities, NdPr oxide output.
Grant stems from July 10, 2025 definitive agreement with U.S. Department of War.
Vesting contingent on continued service; termination subject to employment agreements.

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