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

Michael Niem Chanatry, a Vice President at Howmet Aerospace Inc., acquired 154 phantom stock units under the company's Deferred Compensation Plan on March 29, 2024.

Summary

• On March 29, 2024, Michael Niem Chanatry, a Vice President of Howmet Aerospace Inc., acquired 154 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 $68.375.
• Following the transaction, Chanatry directly owns 52,849 derivative securities.
• The phantom stock units will be paid out in cash after termination of employment, but the reporting person may transfer the phantom stock units into an alternative investment account under the plan at times permitted under the plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine executive compensation transaction, indicating alignment of interests between management and shareholders.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the company's performance.
• The Deferred Compensation Plan provides a mechanism for executives to accumulate wealth tied to the company's stock.

Future Outlook

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

Industry Context

Executive compensation packages often include stock-based awards to incentivize performance and align management's interests with those of shareholders. Phantom stock units are a common tool for this purpose, particularly in deferred compensation plans.

Stakeholder Impact

• The acquisition of phantom stock units by a company executive can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates