James H. Litinsky

Founder, Chairman, and Chief Executive Officer at MP Materials Corp

Board

Since 2017

Age

47 years

Education

Earned a B.A. in Economics, cum laude from Yale University and a J.D. and M.B.A. from Northwestern University.

Tenure

Founded MP Materials and has served as its Chairman and Chief Executive Officer since the company’s inception.

Also at MP Materials Corp

Elliot Hoops

General Counsel and Secretary

Michael Rosenthal

Chief Operating Officer

Ryan Corbett

Chief Financial Officer (CFO)

About

James H. Litinsky holds a strong educational background, earning a B.A. in Economics, cum laude from Yale University, followed by a J.D. and M.B.A. from Northwestern University School of Law and the Kellogg School of Management.

He is the Founder, Chairman, and Chief Executive Officer of MP Materials, a role he has maintained since the company was established, guiding its strategic direction and overseeing significant production milestones, including record-breaking output in rare earth oxides and NdPr oxide.

Before leading MP Materials, he built his career at Fortress Investment Group LLC, Omnicom Group, Inc., and Allen & Company, and he contributes his expertise as a board member for both the Shirley Ryan AbilityLab and the Museum of Contemporary Art Chicago.

At 47 years old, his blend of academic accomplishments and diverse professional experience underpins his role in steering the company’s success.

$MP Performance Under James H. Litinsky

Past Roles

Organization	Role	Date Range	Details
Drawbridge Special Opportunities Fund at Fortress Investment Group LLC	Member	N/A	N/A
Omnicom Group, Inc.	Director of Finance	N/A	N/A
Allen & Company	Merchant Banker	N/A	N/A

External Roles

Organization	Role	Date Range	Details
JHL Capital Group LLC	Founder, Chief Executive Officer, and Chief Investment Officer	N/A	Alternative investment management firm
Shirley Ryan AbilityLab	Board Member	N/A	N/A
Museum of Contemporary Art Chicago	Board Member	N/A	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$750,000	Annual (2023 salary)	Base salary component
Restricted Stock Units	$625,000	Vests in four annual installments beginning on January 13, 2024	21,164 RSUs granted
Additional Restricted Stock Units	$551,950	Vests in four annual installments beginning on January 12, 2025	35,000 RSUs granted

Performance Compensation

Data from FY 2023

Non-Equity Incentive Plan Compensation

Metric	Value
Bonus Amount ($USD)	$1,332,606
REO Production Threshold	37,500 metric tons
REO Production Target	40,000 metric tons
REO Production Maximum	45,000 metric tons
Adjusted EBITDA Threshold	$100 million
Adjusted EBITDA Target	$200 million
Adjusted EBITDA Maximum	$400 million
Weighting - REO Production	37.5%
Weighting - Commercial Grade NdPr Oxide Production	37.5%
Weighting - Personal Performance	25%
Adjusted EBITDA Multiplier Outcome	100%

RSUs with Performance Conditions

Metric	Value
Dollar Value ($USD)	$625,000
Number of RSUs	19,119
RSU Threshold	9,559 RSUs
RSU Target	19,119 RSUs
RSU Maximum	38,238 RSUs
Grant Date	February 20, 2023
Grant Date Fair Value ($USD)	$963,598
Vesting Schedule	Cliff vest on January 1, 2026
Performance Conditions	Total Shareholder Return (TSR) relative to S&P 400 and S&P 400 Materials Index (equal weighting)