Form 4: Howmet Aerospace Director Transfers Shares to Family Trust
SEC Form 4 Filing
Director Ulrich Schmidt transferred 5,333 shares of Howmet Aerospace (HWM) common stock to a family trust on June 13, 2024.
Summary
- On June 13, 2024, Ulrich Schmidt, a director of Howmet Aerospace Inc. (HWM), transferred 5,333 shares of HWM common stock to a family trust.
- The transfer was made for no consideration.
- Schmidt is the trustee of the trust, and his spouse is the primary beneficiary.
- Schmidt disclaims beneficial ownership of these shares.
Sentiment
Score: 5
Explanation: This is a neutral transaction involving a transfer of shares to a family trust, with no indication of positive or negative sentiment towards the company's prospects.
Industry Context
This is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's outlook or performance.
Related Party Transactions
- The transfer of shares to a family trust where the director is the trustee and the spouse is the primary beneficiary constitutes a related party transaction.
Stakeholder Impact
- The impact on stakeholders is likely minimal, as this is a personal transaction by a director and does not directly affect the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of stock transfer to family trust |
| 06/17/2024 | Date of signature on the Form 4 filing |
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