Form 4: Alcoa Corp Executive Hastings Reports Share Withholding for Tax Obligations

Andrew Hastings, EVP & General Counsel of Alcoa Corp, reports the withholding of 1,814 common stock shares to cover tax obligations related to vesting restricted stock units.

Summary

• Andrew Hastings, an Executive Vice President and General Counsel at Alcoa Corp, filed a Form 4 on January 28, 2025.
• The filing reports a transaction that occurred on January 24, 2025, where 1,814 shares of Alcoa's common stock were withheld by the issuer.
• This withholding was to satisfy Hastings' tax obligations related to the vesting of restricted stock units (RSUs) granted in 2024.
• These RSUs vest ratably over a three-year period on the anniversary of the grant date.
• Following the transaction, Hastings directly owns 19,866 shares of Alcoa common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine tax-related share withholding.

Key Dates