Management ChangeJun 18, 2026, 05:21 PM
USA Rare Earth General Counsel David Kronenfeld Departs
AI Summary
USA Rare Earth, Inc. announced the departure of its General Counsel, David Kronenfeld, effective August 7, 2026. Mr. Kronenfeld will enter a six-month transition period providing consulting services. His separation package includes a $170,625 cash severance, 6 months of COBRA health benefits, accelerated vesting of 41,843 restricted stock units, and an additional 14,545 RSUs vesting over the transition period, along with outplacement services up to $15,000 and a prorated bonus.
Key Highlights
- USA Rare Earth's General Counsel, David Kronenfeld, will end employment on August 7, 2026.
- Mr. Kronenfeld will provide consulting services for a six-month transition period.
- He will receive a cash severance payment of $170,625, equal to 6 months of his base salary.
- The company will cover 6 months of health and welfare benefit costs (COBRA).
- Accelerated vesting of 3,699, 10,846, and 27,298 restricted stock units (RSUs) upon separation.
- Additional 3,698 RSUs will vest upon separation, and 10,847 RSUs at the end of the transition period.
- Mr. Kronenfeld will receive outplacement services up to $15,000 and a prorated bonus for the year of separation.
Price Impact
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