Form 4: Alcoa Corp Executive Tammi A. Jones Reports Changes in Beneficial Ownership

EVP & CHRO of Alcoa Corp, Tammi A. Jones, reports acquisition and disposal of company stock and restricted stock units on January 29, 2025.

Summary

• On January 29, 2025, Tammi A. Jones, EVP & CHRO of Alcoa Corp, reported changes in her beneficial ownership of Alcoa stock.
• She acquired 5,138 shares of common stock related to earned performance restricted stock units (PRSUs) granted in 2022.
• 2,724 shares were withheld by Alcoa to cover tax obligations upon the vesting of these PRSUs at a price of $35.13.
• An additional 175 shares were acquired through stock settlement of dividend equivalents at $35.13.
• 93 shares were withheld for taxes on the dividend equivalents.
• Jones also acquired 15,950 restricted stock units (RSUs) and 3,020 RSUs held by her spouse.
• Her spouse also acquired 910 shares.
• After these transactions, Jones directly owns 36,744 shares and indirectly owns 11,897 shares through her spouse and 60 shares through the Company 401(k) Plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Future Outlook

The restricted stock units (RSUs) generally vest ratably over a three-year period on the first, second, and third anniversary of the date of grant.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's view of the company's prospects.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, and restricted stock units (RSUs).
• The vesting schedules for RSUs, such as the three-year ratable vesting mentioned in the document, are common in the industry.
• Tax withholding practices upon vesting of RSUs are also standard procedure.
• Comparing the size of Jones' holdings and transactions to those of executives at peer companies like Rio Tinto or BHP could provide further context.

Stakeholder Impact

• The transactions reported may be of interest to shareholders as they provide insight into executive compensation and ownership.
• The transactions have no immediate impact on employees, customers, suppliers, or creditors.

Key Dates