Form 4: Howmet VP Transfers Phantom Stock Units

Howmet Aerospace Vice President Michael Chanatry transferred 886 phantom stock units into an alternative investment account under a pre-planned Rule 10b5-1(c) arrangement.

Summary

• Michael Chanatry, Vice President of Howmet Aerospace Inc., reported a change in beneficial ownership of derivative securities.
• 886 phantom stock units, which are economically equivalent to one share of Howmet Aerospace common stock each, were disposed of.
• The transaction occurred on December 1, 2025, at a price of $136.06 per unit.
• These units were transferred into an alternative investment account under the Howmet Aerospace Deferred Compensation Plan.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was pre-scheduled.
• Following this transaction, Michael Chanatry beneficially owns 0 of these specific derivative phantom stock units.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, pre-planned insider transaction involving a transfer of deferred compensation units, not a direct market sale or purchase indicating a strong sentiment about the company's immediate prospects.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal direct impact on shareholders as this is a pre-planned, non-open market transaction related to executive compensation management.

Key Dates

Keywords

Howmet Aerospace, HWM, Michael Chanatry, Form 4, Insider Transaction, Phantom Stock Units, Deferred Compensation, Rule 10b5-1