Form 4: ATI Inc. Executive Chairman Robert Wetherbee Reports Stock Transactions
SEC Form 4 Filing
Robert Wetherbee, Executive Chairman of ATI Inc., reports acquisition and disposal of common stock related to vesting of restricted stock units and performance-based stock units.
Summary
- On January 3, 2025, Robert Wetherbee acquired 17,822 shares of ATI Inc. common stock through the vesting of restricted stock units, awarded under the Issuer's 2022 Incentive Plan.
- On the same day, 9,144 shares were withheld for payment of taxes on restricted stock units awarded in 2023 and 2024, with a price of $55.81 per share.
- On January 6, 2025, 12,541 shares were withheld for the payment of taxes on restricted stock units awarded in 2022, with a price of $56.63 per share.
- Also on January 6, 2025, 286,824 shares were acquired through the settlement of performance-vested restricted stock units (2022-2024 PSUs).
- Additionally, on January 6, 2025, 112,866 shares were withheld for the payment of taxes in connection with the settlement of the 2022-2024 PSUs, with a price of $56.63 per share.
- Following these transactions, Wetherbee directly owns 606,538.3409 shares of ATI Inc. common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the document primarily reports routine stock transactions related to executive compensation. The vesting of performance-based units is a slightly positive indicator.
Positives
- The vesting of restricted stock units and performance-based stock units indicates that the company is meeting certain performance criteria.
- The settlement of performance-vested restricted stock units (2022-2024 PSUs) suggests that the company achieved the relevant performance criteria set by the Compensation and Leadership Development Committee of the Issuer's Board of Directors.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. The vesting of performance-based units suggests alignment of executive compensation with company performance.
Stakeholder Impact
- The vesting of performance-based stock units could positively impact shareholder sentiment if it indicates strong company performance.
- The transactions have no immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | Start date for the performance period of the 2022-2024 PSUs. |
| 12/31/2024 | End date for the performance period of the 2022-2024 PSUs. |
| 01/03/2025 | Date of restricted stock unit vesting and related tax withholding. |
| 01/06/2025 | Date of performance-vested restricted stock unit settlement and related tax withholding. |
| 01/07/2025 | Date of the Form 4 filing. |
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