4/A: Howmet Aerospace EVP and CFO Ken Giacobbe Reports Stock Transaction Amendment

Sentiment:

SEC Filing


Ken Giacobbe, EVP and CFO of Howmet Aerospace, files an amendment to a previous Form 4, correcting the number of shares withheld for tax liability and the number of shares held directly.

Summary

  • Ken Giacobbe, the EVP and CFO of Howmet Aerospace, filed an amended Form 4 with the SEC.
  • The amendment corrects the calculation of shares withheld for tax liability related to the vesting of restricted stock units.
  • It also corrects the number of shares directly held by Giacobbe following the transaction.
  • On May 5, 2025, 30,473 shares of common stock were disposed of at a price of $154.34 to cover tax liabilities.
  • Following the transaction, Giacobbe directly owns 182,285 shares of common stock and indirectly owns 969 shares through the Company 401(k) Plan.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions for tax purposes, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding executive stock transactions.

Key Dates

DateDescription
05/05/2025Date of the stock transaction where shares were disposed of to cover tax liabilities.
05/07/2025Date of original filing that was amended.
05/09/2025Date of the amended filing.

Keywords

Form 4, Howmet Aerospace, Ken Giacobbe, Stock Transaction, Amendment, SEC Filing, Beneficial Ownership, Executive Compensation, Tax Liability, Restricted Stock Units

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.