Form 4: Howmet Aerospace EVP and CFO Ken Giacobbe Reports Changes in Beneficial Ownership

Ken Giacobbe, EVP and CFO of Howmet Aerospace Inc., reports changes in his beneficial ownership of company stock due to tax liability payments and stock awards.

Summary

• On May 10, 2024, Ken Giacobbe, the EVP and CFO of Howmet Aerospace Inc., reported changes in his beneficial ownership of the company's common stock.
• These changes involve the payment of tax liability by delivering or withholding shares incident to the vesting of a stock award.
• Specifically, 8,811 shares were disposed of at a price of $80.87 to cover tax obligations.
• Additionally, 21,015 shares were disposed of at a price of $80.87 to cover tax obligations.
• Giacobbe also acquired 48,318 shares through a stock award.
• Following these transactions, Giacobbe directly owns 364,407 shares of Howmet Aerospace Inc. common stock.
• He also indirectly owns 670 shares through a company 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports routine transactions related to executive compensation and tax obligations.

Positives

• The acquisition of 48,318 shares through a stock award increases Giacobbe's direct stake in the company.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It allows investors to track the actions of key executives and their alignment with company performance.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates