Form 4: Howmet Aerospace Executive Acquires Phantom Stock Units

Howmet Aerospace Vice President Michael Niem Chanatry acquired 146 phantom stock units under the company's deferred compensation plan.

Summary

• Michael Niem Chanatry, a Vice President at Howmet Aerospace, acquired 146 phantom stock units on December 27, 2024.
• These phantom stock units were acquired under the Howmet Aerospace Deferred Compensation Plan.
• Each phantom stock unit is equivalent to one share of Howmet Aerospace common stock.
• The units will be paid out in cash after termination of employment.
• The reporting person can transfer the phantom stock units into an alternative investment account under the plan at times permitted under the plan.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally positive for the company's alignment of interests, but not a major event.

Positives

• The acquisition of phantom stock units by a company executive demonstrates confidence in the company's future performance.
• The deferred compensation plan aligns executive interests with long-term company success.

Future Outlook

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

Industry Context

This is a standard practice for executive compensation in publicly traded companies, aligning executive interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans using phantom stock units are common among large public companies like Howmet Aerospace.
• Companies such as Boeing, General Electric, and Lockheed Martin also use similar compensation structures to incentivize their executives.
• The use of phantom stock units allows executives to benefit from the company's stock performance without directly owning shares until a future date.

Stakeholder Impact

• The acquisition of phantom stock units by an executive aligns their interests with shareholders, potentially leading to better company performance.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

phantom stock units, deferred compensation, executive compensation, Howmet Aerospace, insider trading, equity