Form 4: Howmet Aerospace Executive Neil Edward Marchuk Reports Stock Transaction
SEC Form 4 Filing
Neil Edward Marchuk, an Executive Vice President at Howmet Aerospace Inc., reported the disposition of 54,363 shares of common stock to cover tax liabilities related to vesting of a stock award.
Summary
- On June 28, 2024, Neil Edward Marchuk, EVP, HR of Howmet Aerospace Inc., disposed of 54,363 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of a stock award.
- The shares were sold at a price of $77.63 per share.
- Following the transaction, Marchuk directly owns 163,324 shares of Howmet Aerospace Inc.
- Marchuk also indirectly owns 10 shares through a revocable trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation and tax planning. The filing of Form 4 is a standard regulatory requirement to ensure transparency in insider trading.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it is a personal financial decision of an executive.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of stock transaction (disposal of shares). |
| 07/02/2024 | Date of signature for the Form 4 filing. |
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