Form 4: Howmet Aerospace Executive Acquires Phantom Stock Units

Michael Niem Chanatry, a Vice President at Howmet Aerospace, acquired 162 phantom stock units under the company's Deferred Compensation Plan on September 30, 2024.

Summary

• Michael Niem Chanatry, a Vice President of Howmet Aerospace Inc., reported a transaction involving phantom stock units.
• On September 30, 2024, Chanatry acquired 162 phantom stock units under the Howmet Aerospace Deferred Compensation Plan.
• Each phantom stock unit is equivalent to one share of Howmet Aerospace common stock.
• The acquisition price is $100.25 per unit.
• These units will be paid out in cash after termination of employment and can be transferred into an alternative investment account under the plan at permitted times.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, with no inherent positive or negative sentiment.

Future Outlook

The phantom stock units will be paid out in cash after termination of employment.

Industry Context

Executive compensation through phantom stock units is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The transaction reflects the company's compensation strategy for its executives, which can influence shareholder perception of management alignment.

Key Dates