Form 4: Alcoa EVP & CFO Molly S. Beerman Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Molly S. Beerman, EVP & CFO of Alcoa Corp, reports the withholding of 2,846 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On January 24, 2025, Molly S. Beerman, the EVP & CFO of Alcoa Corp, had 2,846 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 2024.
- These RSUs vest ratably over a three-year period on the anniversary of the grant date.
- Following the transaction, Beerman directly owns 84,321 shares of Alcoa Corp common stock.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of insider transactions, specifically the withholding of shares for tax purposes. It doesn't indicate any significant positive or negative sentiment, but rather a standard corporate procedure.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related withholding of shares.
Key Dates
| Date | Description |
|---|---|
| 2024 | Year in which the restricted stock units (RSUs) were granted. |
| February 7, 2024 | Date of the Power of Attorney execution. |
| January 24, 2025 | Date of the transaction where shares were withheld for tax obligations. |
| January 28, 2025 | Date of signature for the Form 4 filing. |
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