Form 4: Alcoa Corp Executive Renato Bacchi Reports Share Withholding for Tax Obligations
SEC Filing
EVP & Chief Commercial Officer of Alcoa Corp, Renato Bacchi, reports the withholding of 2,093 common stock shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On January 24, 2025, Renato Bacchi, EVP & Chief Commercial Officer of Alcoa Corp, had 2,093 shares of common stock withheld by the issuer to satisfy tax obligations.
- This withholding occurred at a price of $37.43 per share.
- The transaction was related to the vesting of restricted stock units (RSUs) granted in 2024, which vest ratably over a three-year period.
- Following the transaction, Bacchi beneficially owns 55,224 shares of Alcoa Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, and does not indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of withholding shares to cover tax obligations related to vested equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/24/2025 | Date of transaction: withholding of shares for tax obligations. |
| 01/28/2025 | Date of signature for the Form 4 filing. |
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