Form 4: Alcoa Corp Executive Tammi A. Jones Reports Share Transactions

EVP & CHRO of Alcoa Corp, Tammi A. Jones, reports acquisition and disposal of common stock due to tax obligations and dividend equivalents related to vesting restricted stock units.

Summary

• Tammi A. Jones, EVP & CHRO of Alcoa Corp, filed a Form 4 on January 28, 2025, reporting transactions in Alcoa's common stock on January 24, 2025.
• The transactions include the disposal of 3,564 shares at $37.43 per share to cover tax obligations related to vesting restricted stock units (RSUs).
• Jones also disposed of 805 shares held by spouse to cover tax obligations related to vesting restricted stock units (RSUs).
• She acquired 71 shares at $37.43 per share through stock settlement of dividend equivalents accumulated in cash and converted to stock upon the vesting of RSUs.
• Jones also acquired 16 shares held by spouse at $37.43 per share through stock settlement of dividend equivalents accumulated in cash and converted to stock upon the vesting of RSUs.
• Additionally, 38 shares were withheld to satisfy tax obligations upon stock settlement of dividend equivalents accumulated in cash and converted to stock upon the vesting and settlement of the underlying RSUs.
• 9 shares held by spouse were withheld to satisfy tax obligations upon stock settlement of dividend equivalents accumulated in cash and converted to stock upon the vesting and settlement of the underlying RSUs.
• The filing also indicates that Jones indirectly owns 60 shares through the Company's 401(k) plan, with fluctuations reflecting the plan's unit reporting method.
• Following the reported transactions, Jones directly owns 37,635 shares and indirectly owns 8,467 shares through spouse and 60 shares through the company 401k.

Sentiment

Score: 5

Explanation: This is a neutral filing related to routine stock transactions by an executive. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their trading activities and holdings in the company's stock. It is common for executives to sell shares to cover tax obligations related to vesting equity awards.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, and it's standard practice for companies to withhold shares to cover the executive's tax obligations.
• The amount of shares withheld for taxes is dependent on the executive's tax bracket and the company's policies.
• Similar transactions are regularly reported by executives at comparable companies in the materials and manufacturing sectors.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates