Form 4: Howmet Aerospace Executive Reports Stock Transactions

Michael Niem Chanatry, a Vice President at Howmet Aerospace, reports the disposition of shares to cover tax liabilities and the acquisition of phantom stock units.

Summary

• On June 28, 2024, Michael Niem Chanatry, a Vice President of Howmet Aerospace, reported transactions involving Howmet Aerospace common stock and phantom stock units.
• 21,425 shares of common stock were disposed of to cover tax liabilities at a price of $77.63 per share.
• Following the transaction, Chanatry directly owns 158,053 shares of Howmet Aerospace common stock.
• Chanatry also indirectly owns 8,787 shares through the Company 401(k) Plan.
• Additionally, 136 phantom stock units were acquired under the Howmet Aerospace Deferred Compensation Plan, each unit representing one share of common stock.
• The price of the phantom stock units was $77.63.
• Following the transaction, Chanatry directly owns 53,227 phantom stock units.
• These phantom stock units will be paid out in cash after termination of employment and can be transferred into an alternative investment account under the plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.

Future Outlook

The phantom stock units will be paid out in cash after termination of employment, and the reporting person may transfer the phantom stock units into an alternative investment account under the plan at times permitted under the plan.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is a common practice among publicly traded companies to ensure transparency and compliance with securities regulations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• Employees participating in the Howmet Aerospace Deferred Compensation Plan are indirectly affected by the phantom stock unit transactions.

Key Dates