Form 4: Alcoa Corp EVP & CFO Molly S. Beerman Reports Changes in Beneficial Ownership
SEC Filing Form 4
Molly S. Beerman, EVP & CFO of Alcoa Corp, reports a transaction involving the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On January 27, 2025, Molly S. Beerman, EVP & CFO of Alcoa Corp, reported a transaction on Form 4.
- The transaction involved the withholding of 638 shares of common stock at a price of $34.97 per share.
- This withholding was to satisfy the reporting person's tax obligations upon the vesting of restricted stock units (RSUs) granted in 2022.
- Following the transaction, Beerman directly owns 83,683 shares of Alcoa Corp common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates routine tax obligation fulfillment related to vested equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 01/27/2025 | Date of transaction (withholding of shares) |
| 01/29/2025 | Date of signature on the Form 4 filing |
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