Form 4: Alcoa EVP & CHRO Reports Routine Stock Transactions

Alcoa's Executive Vice President and Chief Human Resources Officer, Tammi A. Jones, reported the vesting of performance restricted stock units and related tax withholdings.

Summary

• Tammi A. Jones, EVP & CHRO of Alcoa Corp (AA), reported multiple transactions involving Alcoa Common Stock on February 23, 2026.
• Jones directly acquired 3,884 shares from earned performance restricted stock units (PRSUs) granted in 2023, and an additional 77 shares from stock settlement of dividend equivalents related to these PRSUs.
• To satisfy tax obligations upon vesting and dividend settlement, Jones disposed of 2,059 shares and 41 shares, respectively, at a price of $59.81 per share.
• Following these direct transactions, Jones beneficially owns 55,447 shares directly.
• Jones's spouse indirectly acquired 1,463 shares from earned PRSUs and 29 shares from dividend equivalents, while disposing of 762 shares and 16 shares for tax obligations, also at $59.81 per share.
• The spouse indirectly beneficially owns 11,965 shares.
• An additional 60 shares are indirectly beneficially owned through the Company's 401(k) Plan, reflecting plan unit reporting methods.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While shares were sold for tax purposes, the underlying acquisition stems from earned performance units, indicating successful achievement of prior performance goals by the executive.

Positives

• Tammi A. Jones acquired a total of 3,961 shares directly and 1,492 shares indirectly through her spouse, primarily due to the vesting of performance restricted stock units (PRSUs) granted in 2023, indicating successful achievement of performance targets.
• The vesting of PRSUs and settlement of dividend equivalents demonstrate the company's compensation structure is delivering value to executives based on performance.

Negatives

• A total of 2,100 shares were disposed of directly by Tammi A. Jones and 778 shares indirectly by her spouse to cover tax obligations, reducing the net increase in beneficial ownership.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Alcoa's future performance or outlook.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions and typically do not provide insights into broader industry trends or competitive positioning. These transactions reflect individual executive compensation and tax planning rather than strategic corporate moves.

Related Party Transactions

• Transactions involve the EVP & CHRO of Alcoa Corp and her spouse, which are considered related party dealings in the context of insider reporting.

Stakeholder Impact

• Shareholders: The filing provides transparency into executive stock ownership and compensation, which can be a factor in assessing corporate governance and alignment of interests.
• Employees: The vesting of performance-based awards can signal the company's commitment to performance-driven compensation.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation transactions (vesting of PRSUs and tax-related sales) and does not provide new information that would fundamentally alter the investment thesis for Alcoa. It confirms an executive's continued ownership and participation in the company's equity, but does not warrant a change in investment recommendation based solely on this disclosure.

Keywords

Alcoa, AA, Form 4, Insider Trading, Stock Transactions, Performance Restricted Stock Units, Executive Compensation, Share Ownership, Tax Withholding