Form 4: Howmet Aerospace EVP and CFO Ken Giacobbe Reports Stock Disposal for Tax Obligations
SEC Filing
Ken Giacobbe, EVP and CFO of Howmet Aerospace Inc., disposed of 54,363 shares of common stock on June 28, 2024, to cover tax liabilities related to vesting of a stock award.
Summary
- On June 28, 2024, Ken Giacobbe, the EVP and CFO of Howmet Aerospace Inc., disposed of 54,363 shares of common stock.
- The transaction was executed at a price of $77.63 per share.
- This disposal was to cover tax liabilities associated with the vesting of a stock award.
- Following the transaction, Giacobbe directly owns 310,044 shares of Howmet Aerospace Inc.
- Giacobbe also indirectly owns 670 shares through the company's 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
This is a routine Form 4 filing, indicating insider transactions. It is common for executives to sell shares to cover tax obligations when stock awards vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of stock disposal transaction |
| 07/02/2024 | Date of Form 4 filing |
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