Form 4: Alcoa Executive Nicol Gagstetter Reports Stock Transaction

Alcoa's Executive Vice President and Chief External Affairs Officer, Nicol Gagstetter, disposed of 722 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Nicol Gagstetter, an Executive Vice President at Alcoa, disposed of 722 shares of Alcoa common stock on January 24, 2025.
• The shares were sold at a price of $37.43 per share.
• This transaction was to cover tax obligations arising from the vesting of restricted stock units (RSUs) granted in 2024.
• The RSUs vest ratably over three years, on the anniversary of the grant date.
• Following the transaction, Gagstetter directly owns 18,138 shares of Alcoa common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock transaction. It does not indicate any positive or negative sentiment towards the company's performance or outlook.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like Alcoa.
• The vesting of restricted stock units and subsequent tax obligations are standard compensation practices.
• Similar transactions are regularly reported by executives at comparable companies such as Rio Tinto and BHP.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive for tax purposes.

Key Dates

Keywords

Alcoa, stock transaction, executive, Form 4, restricted stock units, RSU, tax obligations, insider trading