Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
This is the complete answer, not a partial one — the list is never padded.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| James Litinsky | $1,000,000 | $0 | $24,783,676 | $0 | $2,213,047 | $0 | $14,000 | $28,010,723 |
| Chairman of the Board and Chief Executive Officer | ||||||||
| Michael Rosenthal | 725,000 | 0 | 11,857,384 | 0 | 1,234,199 | 0 | 14,000 | 13,830,583 |
| Chief Operating Officer | ||||||||
| Ryan Corbett | 675,000 | 0 | 6,474,816 | 0 | 1,149,082 | 0 | 14,000 | 8,312,898 |
| Chief Financial Officer | ||||||||
| Elliot Hoops | 600,000 | 0 | 3,731,994 | 0 | 1,021,406 | 0 | 14,000 | 5,367,400 |
| General Counsel and Secretary | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| James Litinsky | $28,010,723 | — | — | — |
| Michael Rosenthal | 13,830,583 | — | — | — |
| Ryan Corbett | 8,312,898 | — | — | — |
| Elliot Hoops | 5,367,400 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Elliot Hoops | RSU | 2025-01-13 | — | — | 25,601 | — | $499,988 |
| Ryan Corbett | PSU | 2025-03-10 | 21,761 | 43,522 | — | 87,044 | 1,062,807 |
| Ryan Corbett | RSU | 2025-01-13 | — | — | 43,522 | — | 849,985 |
| Ryan Corbett | PSU | 2025-10-13 | — | 35,995 | — | 47,991 | 4,562,024 |
| Elliot Hoops | PSU | 2025-10-13 | — | 20,568 | — | 27,423 | 2,606,830 |
| Elliot Hoops | PSU | 2025-03-10 | 12,800 | 25,601 | — | 51,202 | 625,176 |
| James Litinsky | PSU | 2025-03-10 | 59,523 | 119,047 | — | 238,094 | 2,907,128 |
| James Litinsky | RSU | 2025-01-13 | — | — | 119,047 | — | 2,324,988 |
| James Litinsky | PSU | 2025-10-13 | — | 154,258 | — | 205,676 | 19,551,561 |
| Michael Rosenthal | PSU | 2025-10-13 | — | 77,130 | — | 102,838 | 9,775,780 |
| Michael Rosenthal | PSU | 2025-03-10 | 23,681 | 47,363 | — | 94,726 | 1,156,604 |
| Michael Rosenthal | RSU | 2025-01-13 | — | — | 47,363 | — | 924,999 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Elliot Hoops | $499,988 | $3,232,006 | $0 | 86.6% |
| Ryan Corbett | 849,985 | 5,624,831 | 0 | 86.9% |
| James Litinsky | 2,324,988 | 22,458,689 | 0 | 90.6% |
| Michael Rosenthal | 924,999 | 10,932,384 | 0 | 92.2% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| James Litinsky | PSU | 154,258 | — | $7,793,114 |
| James Litinsky | PSU | 119,047 | — | 6,014,254 |
| James Litinsky | PSU | 78,948 | — | 3,988,453 |
| Michael Rosenthal | PSU | 77,130 | — | 3,896,608 |
| James Litinsky | PSU | 59,523 | — | 3,007,102 |
| Michael Rosenthal | PSU | 57,868 | — | 2,923,491 |
| Ryan Corbett | PSU | 55,760 | — | 2,816,995 |
| Michael Rosenthal | PSU | 47,363 | — | 2,392,779 |
| Ryan Corbett | PSU | 43,522 | — | 2,198,731 |
| Ryan Corbett | PSU | 35,995 | — | 1,818,467 |
| James Litinsky | PSU | 35,132 | — | 1,774,869 |
| Elliot Hoops | PSU | 34,498 | — | 1,742,839 |
| Elliot Hoops | PSU | 25,601 | — | 1,293,363 |
| Michael Rosenthal | PSU | 23,681 | — | 1,196,364 |
| Ryan Corbett | PSU | 21,761 | — | 1,099,366 |
| Michael Rosenthal | PSU | 21,079 | — | 1,064,911 |
| Elliot Hoops | PSU | 20,568 | — | 1,039,095 |
| Ryan Corbett | PSU | 19,673 | — | 993,880 |
| Elliot Hoops | PSU | 12,998 | — | 656,659 |
| Elliot Hoops | PSU | 12,800 | — | 646,656 |
| James Litinsky | PSU | 10,582 | — | 534,603 |
| James Litinsky | PSU | 9,559 | — | 482,921 |
| Michael Rosenthal | PSU | 9,312 | — | 470,442 |
| Ryan Corbett | PSU | 8,919 | — | 450,588 |
| Ryan Corbett | PSU | 8,465 | — | 427,652 |
| Michael Rosenthal | PSU | 8,412 | — | 424,974 |
| Ryan Corbett | PSU | 7,647 | — | 386,326 |
| Elliot Hoops | PSU | 6,349 | — | 320,751 |
| Elliot Hoops | PSU | 5,735 | — | 289,732 |
| Elliot Hoops | PSU | 3,301 | — | 166,767 |
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Exequity |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-09 | 70,496,592 | 20,735,952 | 371,007 | 77.27% | Passed |
| 2025 | 2025-06-10 | 79,842,572 | 8,432,222 | 594,279 | 90.45% | Passed |
| 2024 | 2024-06-11 | 54,620,112 | 21,870,615 | 5,610,225 | 71.41% | Passed |
| 2023 | 2023-06-13 | 109,887,217 | 2,523,705 | 293,313 | 97.75% | Passed |
| 2022 | 2022-06-14 | 99,006,639 | 36,970,929 | 284,529 | 72.81% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-09 | 77.27%a |
| 2025 | 2025-06-10 | 90.45%b |
| 2024 | 2024-06-11 | 71.41%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Randall J. WeisenburgerIndependent · Lead Independent Director · Audit (Chair) · Compensation | $177,500 | $135,000 | — | — | — | $312,500 |
| Connie K. DuckworthIndependent · Audit · Compensation · Nominating and Corporate Governance (Chair) | 120,000 | 135,000 | — | — | — | 255,000 |
| Andrew A. McKnightIndependent · Compensation (Chair) · Audit · Nominating and Corporate Governance | 115,000 | 135,000 | — | — | — | 250,000 |
| Maryanne R. LavanIndependent · Audit · Compensation · Nominating and Corporate Governance | 112,500 | 135,000 | — | — | — | 247,500 |
| General (Retired) Richard B. MyersIndependent · Nominating and Corporate Governance | 105,000 | 135,000 | — | — | — | 240,000 |
| Arnold W. DonaldIndependent · Compensation · Audit | 105,000 | 135,000 | — | — | — | 240,000 |
| James H. LitinskyEmployee director · Board Chair · Audit | — | — | — | — | — | 0 |
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $135,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 10,000 / 7,500 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $735,000 |
| Equity awards (grant-date value) | $810,000 |
| All other compensation | $0 |
| Total cost of the board | $1,545,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | MP Materials | 2025 | James Litinsky | $1,000,000 | $24,783,676 | $0 | $2,213,047 | $28,010,723 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, James Litinsky | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Compensation Tables” · page 42. As printed: 28,010,723. Filing ↗machine: r2 · c42 · span 550573–550583 |
| 2 | Section 01, Michael Rosenthal | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Compensation Tables” · page 42. As printed: 13,830,583. Filing ↗machine: r8 · c42 · span 568324–568334 |
| 3 | Section 01, Ryan Corbett | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Compensation Tables” · page 42. As printed: 8,312,898. Filing ↗machine: r5 · c42 · span 559639–559648 |
| 4 | Section 01, Elliot Hoops | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Compensation Tables” · page 42. As printed: 5,367,400. Filing ↗machine: r11 · c42 · span 577382–577391 |
| 5 | Section 03, Elliot Hoops RSU | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 650340–650347 |
| 6 | Section 03, Ryan Corbett PSU | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 621187–621196 |
| 7 | Section 03, Ryan Corbett RSU | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 616463–616470 |
| 8 | Section 03, Ryan Corbett PSU | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 625914–625923 |
| 9 | Section 03, Elliot Hoops PSU | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 659789–659798 |
| 10 | Section 03, Elliot Hoops PSU | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 655064–655071 |
| 11 | Section 03, James Litinsky PSU | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 605558–605567 |
| 12 | Section 03, James Litinsky RSU | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 602247–602256 |
| 13 | Section 03, James Litinsky PSU | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 608979–608989 |
| 14 | Section 03, Michael Rosenthal PSU | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 642854–642863 |
| 15 | Section 03, Michael Rosenthal PSU | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 638126–638135 |
| 16 | Section 03, Michael Rosenthal RSU | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 633402–633409 |
| 17 | Section 08, Randall J. Weisenburger | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Director Compensation”. As printed: 312,500. Filing ↗machine: span 387081–387088 |
| 18 | Section 08, Connie K. Duckworth | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Director Compensation”. As printed: 255,000. Filing ↗machine: span 377161–377168 |
| 19 | Section 08, Andrew A. McKnight | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Director Compensation”. As printed: 250,000. Filing ↗machine: span 382110–382117 |
| 20 | Section 08, Maryanne R. Lavan | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Director Compensation”. As printed: 247,500. Filing ↗machine: span 379635–379642 |
| 21 | Section 08, General (Retired) Richard B. Myers | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Director Compensation”. As printed: 240,000. Filing ↗machine: span 384601–384608 |
| 22 | Section 08, Arnold W. Donald | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Director Compensation”. As printed: 240,000. Filing ↗machine: span 374685–374692 |
| 23 | Section 08, James H. Litinsky | DEF 14A | 2026-04-24 | 0001801368-26-000020 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 24 | Section 06, 2026 vote | Form 8-K | 2026-06-10 | 0001801368-26-000035 | Item 5.07 · say-on-pay result. As reported: 77.27% (votes for as printed: 70,496,592). Filing ↗ |
| 25 | Section 06, 2025 vote | Form 8-K | 2025-06-11 | 0001801368-25-000021 | Item 5.07 · say-on-pay result. As reported: 90.45% (votes for as printed: 79,842,572). Filing ↗ |
| 26 | Section 06, 2024 vote | Form 8-K | 2024-06-12 | 0001801368-24-000057 | Item 5.07 · say-on-pay result. As reported: 71.41% (votes for as printed: 54,620,112). Filing ↗ |
| 27 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 28 | Section 09b board cost (computed) | Computed | — | computed | Cash 735,000 + equity 810,000 + all other 0 = 1,545,000, summed across the director compensation table rows.machine: formula: Σ = 1,545,000 |
| 29 | MP Materials (subject), Section 10b CEO total | DEF 14A | 2026-04-24 | 0001801368-26-000020 | CEO total compensation as printed in MP Materials's own proxy. As printed: 28,010,723. Filing ↗machine: r2 · c42 · span 550573–550583 |