Form 4: Howmet Aerospace Vice President Acquires Phantom Stock Units

Michael Niem Chanatry, a Vice President at Howmet Aerospace, acquired 151 phantom stock units under the company's Deferred Compensation Plan on August 30, 2024.

Summary

• On August 30, 2024, Michael Niem Chanatry, a Vice President of Howmet Aerospace, acquired 151 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 derivative security was $96.66.
• Following the transaction, Chanatry directly owns 53,374 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: 5

Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the holdings and transactions of company executives. It's common for executives to receive stock-based compensation as part of their overall remuneration package.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects executive compensation practices.

Key Dates