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

Michael Niem Chanatry, a Vice President at Howmet Aerospace Inc., acquired 361 phantom stock units under the company's Deferred Compensation Plan on February 29, 2024.

Summary

• On February 29, 2024, Michael Niem Chanatry, a Vice President of Howmet Aerospace Inc., acquired 361 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 $66.58.
• Following the transaction, Chanatry directly owns 52,714 derivative securities.
• The phantom stock units will be paid out in cash after termination of employment and may be transferred into an alternative investment account under the plan at permitted times.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, with no inherent positive or negative sentiment.

Future Outlook

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation.

Key Dates