USA Rare Earth, Inc. announced the departure of its General Counsel, David Kronenfeld, pursuant to a transition and separation agreement. His employment will officially end on August 7, 2026, after which he will serve as a consultant for a six-month transition period.
Key Details
- Departure Date: Mr. Kronenfeld's employment will terminate on August 7, 2026, followed by a six-month consulting period.
- Severance Package: Includes a cash payment of $170,625 (equal to 6 months' base salary), 6 months of COBRA premium payments, a prorated bonus, and up to $15,000 in outplacement services.
- Equity Vesting: A total of 56,388 restricted stock units (RSUs) will have their vesting accelerated in connection with his departure and transition period.