Form 4: Alcoa EVP & CHRO Reports Routine Stock Transactions

Alcoa's Executive Vice President and Chief Human Resources Officer, Tammi A. Jones, reported a series of stock transactions primarily related to RSU vesting and tax withholdings.

Summary

• Tammi A. Jones, EVP & CHRO of Alcoa Corp, reported transactions on January 26, 2026, involving the company's common stock.
• Directly disposed of 7,630 shares of common stock at a price of $58.55 per share to satisfy tax obligations upon the vesting of restricted stock units (RSUs) granted in 2023 and 2024.
• Directly acquired 248 shares of common stock at $58.55 per share through the stock settlement of dividend equivalents accumulated in cash, which converted to stock upon the vesting and settlement of underlying RSUs from 2023 and 2024 grants.
• Directly disposed of an additional 133 shares of common stock at $58.55 per share to satisfy tax obligations related to the stock settlement of dividend equivalents.
• Indirectly, through a spouse, disposed of 2,304 shares of common stock at $58.55 per share for tax obligations upon RSU vesting.
• Indirectly, through a spouse, acquired 80 shares of common stock at $58.55 per share from the stock settlement of dividend equivalents.
• Indirectly, through a spouse, disposed of 42 shares of common stock at $58.55 per share for tax obligations related to dividend equivalent settlements.
• Following these transactions, Jones directly beneficially owns 45,179 shares and indirectly owns 9,631 shares through her spouse, along with 60 shares in a Company 401(k) plan.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation, specifically RSU vesting and associated tax withholdings. These are standard and do not indicate a significant positive or negative shift in company fundamentals or executive confidence beyond the ordinary course of business.

Positives

• Acquisition of 248 shares directly and 80 shares indirectly (by spouse) through the stock settlement of dividend equivalents, indicating value accrual from prior RSU grants.

Negatives

• Disposition of 7,630 shares directly and 2,304 shares indirectly (by spouse) to satisfy tax obligations, representing a reduction in direct and indirect holdings.
• Further disposition of 133 shares directly and 42 shares indirectly (by spouse) for tax obligations related to dividend equivalent settlements.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context. It reflects individual executive compensation and tax planning activities within Alcoa, an aluminum producer.

Comparison to Industry Standards

• This Form 4 filing details routine executive compensation-related stock transactions (vesting, tax withholdings, dividend equivalent settlements).
• Such transactions are standard practice across publicly traded companies, including peers in the materials and mining sectors like Rio Tinto, BHP Group, and Century Aluminum, where executives often receive equity compensation that vests over time, leading to similar tax-related dispositions and dividend reinvestments.

Stakeholder Impact

• Shareholders: Minor impact as these are routine compensation-related transactions by an executive, not indicative of a change in company strategy or performance.
• Employees: No direct impact on general employees.
• Management: Reflects standard executive compensation practices and tax planning.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation, specifically the vesting of restricted stock units and subsequent share dispositions to cover tax obligations. Such transactions are standard practice and do not typically signal a change in the company's fundamental value or future prospects. Therefore, it provides no new information that would warrant a change in an existing investment thesis, leading to a 'hold' recommendation.

Keywords

Alcoa, AA, Form 4, Insider Trading, Stock Transaction, RSU Vesting, Tax Withholding, Executive Compensation, Tammi A. Jones, Common Stock