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

EVP & CHRO of Alcoa Corp, Tammi A. Jones, reports stock transactions including share withholding for tax obligations and acquisition of shares through dividend equivalents.

Summary

• On January 27, 2025, Tammi A. Jones, EVP & CHRO of Alcoa Corp, reported several transactions involving Alcoa common stock.
• These transactions include the withholding of 3,493 shares to cover tax obligations related to vesting restricted stock units (RSUs) granted in 2022 at a price of $34.97.
• Jones also acquired 226 shares through the stock settlement of dividend equivalents accumulated in cash and converted to stock upon the vesting of the underlying RSUs, also at $34.97.
• An additional 120 shares were withheld to satisfy tax obligations on the stock settlement of these dividend equivalents, again at $34.97.
• Similar transactions occurred with shares held indirectly by Jones' spouse, involving the withholding of 515 shares for tax obligations, acquisition of 33 shares through dividend equivalents, and withholding of 18 shares for tax obligations on those dividend equivalents, all at $34.97.
• The report also notes fluctuations in share amounts held in the Company 401(k) plan due to the plan's unit reporting method.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of 226 shares through dividend equivalents suggests a positive return on the underlying RSUs.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of shares held by an executive.

Key Dates