4Accepted Aug 13, 5:30 PM ET
Rare Earths Americas (REA) CEO Donald Swartz Receives Award
Accepted (ET)
5:30 PM
Aug 13, 2026
Filed
Aug 13, 2026
Documents
1
Size
6.1 KB
Summary
Rare Earths Americas (REA) CEO Donald Swartz Receives Award
What Happened Donald S. Swartz, CEO, President and Director of Rare Earths Americas, Inc. (REA), received a grant of 200,000 performance-based stock units (PSUs) on August 12, 2026. The grant is recorded as a derivative award with an acquisition price of $0.00 (no cash paid). These PSUs are contingent rights to receive shares of REA common stock only if specified stock-price performance targets are met during the performance period. Following vesting, shares will be subject to an 18‑month holding period.
Key Details
- Transaction date / filing: Award granted on 2026-08-12; Form 4 filed 2026-08-13 (appears timely).
- Award: 200,000 PSUs (derivative award), acquisition price $0.00.
- Vesting schedule: PSUs vest in four equal 25% tranches based on VWAP targets during any 20 consecutive trading days within the 3‑year Performance Period starting Aug 12, 2026:
- 25% if VWAP ≥ $22.50
- 25% if VWAP ≥ $25.00
- 25% if VWAP ≥ $27.50
- 25% if VWAP ≥ $30.00
- Service requirement: Continuous service through each applicable vesting date is required.
- Post-vesting restriction: Shares delivered on vesting will be subject to an 18‑month holding period.
- Shares owned after transaction: Not specified in the provided filing summary.
- Transaction type note: Recorded as "A" (award/grant); no sale or purchase occurred and no cash was exchanged.
Context PSUs are performance-contingent compensation: they do not transfer stock unless and until performance and service conditions are met. Such awards are commonly used for long-term incentive alignment and do not immediately increase the insider’s liquid shareholdings. This filing does not indicate any immediate sale or exercise of underlying shares.