MP Materials Corp. director Connie K. Duckworth reported a change in beneficial ownership on June 30, 2026, involving the company’s common stock. The Form 4 describes the transaction as an award of deferred stock units, or DSUs, tied to Duckworth’s election to defer cash retainers otherwise payable for board service. Each DSU represents the right to receive one share of MP Materials common stock. The filing notes that the DSUs were fully vested at the time of grant, meaning there is no additional service-based vesting condition attached to the award. The transaction appears to be a non-cash compensation-related issuance rather than an open-market purchase or sale. The DSUs will be settled in shares upon the earliest of three events: June 15 following the end of the fifth calendar year after the calendar year in which the deferred cash retainers were earned; certain changes in control of MP Materials; or Duckworth’s separation from service. This structure effectively converts deferred director cash compensation into a future share-settled equity interest. The excerpt provided does not disclose the number of DSUs awarded, the transaction code, any price, or Duckworth’s total beneficial ownership after the transaction. The report was signed on Duckworth’s behalf by Elliot D. Hoops as attorney-in-fact.