Form 4: Howmet Aerospace Inc. Executive Michael Niem Chanatry Reports Acquisition of Phantom Stock Units

Vice President Michael Niem Chanatry reports acquiring 125 phantom stock units in Howmet Aerospace under the company's Deferred Compensation Plan.

Summary

• Michael Niem Chanatry, a Vice President at Howmet Aerospace Inc., filed a Form 4 to report changes in beneficial ownership.
• On May 31, 2024, Chanatry acquired 125 phantom stock units 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 transaction was $84.65 per unit.
• Following the transaction, Chanatry directly owns 53,023 phantom stock units.
• These 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 routine regulatory filing related to executive compensation, 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

Executive compensation in the aerospace industry often includes stock-based awards like phantom stock units to align management's interests with those of shareholders.

Stakeholder Impact

• The acquisition of phantom stock units aligns the executive's interests with those of shareholders, potentially incentivizing performance.

Key Dates