Form 4: Howmet Aerospace Inc. Executive Acquires Phantom Stock Units

Michael Niem Chanatry, a Vice President at Howmet Aerospace Inc., acquired 163 phantom stock units under the company's Deferred Compensation Plan on October 31, 2024.

Summary

• On October 31, 2024, Michael Niem Chanatry, a Vice President of Howmet Aerospace Inc., acquired 163 phantom stock units.
• The acquisition was made under the Howmet Aerospace Deferred Compensation Plan.
• Each phantom stock unit is equivalent to one share of Howmet Aerospace common stock.
• The price of the phantom stock units was $99.72.
• Following the transaction, Chanatry directly owns 325 phantom stock units.
• The 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 at permitted times.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. The acquisition of phantom stock units can be seen as a positive sign of confidence, but it's not a major event.

Positives

• The acquisition of phantom stock units by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
• The Deferred Compensation Plan allows executives to defer income and potentially reduce their current tax burden.

Future Outlook

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

Industry Context

Executive compensation, including phantom stock units, is a common practice in publicly traded companies to align the interests of management with those of shareholders. These plans are designed to incentivize long-term performance and retention.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock units are widely used across the aerospace and manufacturing industries to incentivize executives.
• Companies like Boeing, Lockheed Martin, and General Electric also utilize similar compensation strategies to align executive interests with shareholder value.
• The specific terms and conditions of these plans, such as vesting schedules and payout structures, can vary significantly between companies.

Stakeholder Impact

• The acquisition of phantom stock units by a company executive can have a minor positive impact on shareholder sentiment, as it indicates confidence in the company's future performance.

Key Dates