Phillips Keith D. 4
Research Summary
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Rare Earths Americas (REA) Director Keith D. Phillips Receives Award
What Happened Keith D. Phillips, a director of Rare Earths Americas, Inc. (REA), was granted 4,407 restricted stock units (RSUs) on May 7, 2026. The Form 4 reports the acquisition as a derivative award at a reported price of $0.00 (code A). Each RSU represents a contingent right to one share of REA common stock and will convert into shares only if and when the RSUs vest.
Key Details
- Transaction date: 2026-05-07; Form 4 filing date: 2026-05-08 (timely filing).
- Instrument: 4,407 Restricted Stock Units (derivative award); reported acquisition price $0.00.
- Vesting: RSUs vest on the earlier of one year from grant or the day before REA’s 2027 annual meeting, subject to continued employment (per footnotes).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Transaction code: A = Award/Grant. No 10b5-1, tax withholding, or sale noted in this filing.
Context RSUs are compensation grants that convert into common shares only upon vesting; they are not an immediate cash purchase by the insider. Such awards are common for executive and director compensation and do not by themselves indicate buying or selling sentiment until shares vest and are sold (if ever).