Form 4: Alcoa Corp Executive Renato Bacchi Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Renato Bacchi, EVP & Chief Commercial Officer of Alcoa Corp, reports the withholding of 1,838 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On January 27, 2025, Renato Bacchi, EVP & Chief Commercial Officer of Alcoa Corp, had 1,838 shares of common stock withheld by the issuer to satisfy tax obligations.
- This withholding was related to the vesting of restricted stock units (RSUs) granted in 2022.
- Following the transaction, Bacchi directly owns 53,386 shares of Alcoa Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency regarding the transactions of company insiders. This filing indicates a routine transaction related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2022 | Year the restricted stock units (RSUs) were granted. |
| 01/27/2025 | Date of the transaction (share withholding). |
| 01/29/2025 | Date of signature for the report. |
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