I knew my wheel was a bit loose feeling and if you grabbed the top edge and pulled toward you, it would have some flex.
Little did I know it would result in this kind of failure. The entire plate just ripped. So, this is a public service announcement to check this if you have any play at all.
Luckily I was just in a tight parking spot and not in traffic. I don't think during normal driving that much torque is placed on the mounting plate.
I didn't know I was such a he-man. Time to get that new wheel I wanted.
p.s. Vicegrips are your friend