Form 4: Kaiser Aluminum Corp VP and CAO, Vijai Narayan, Reports Stock Transaction

Vijai Narayan, VP and CAO of Kaiser Aluminum Corp, reported the withholding of 163 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Vijai Narayan, a VP and CAO at Kaiser Aluminum Corp, filed a Form 4 indicating a transaction involving the company's common stock.
• On November 7, 2024, 163 shares were withheld to satisfy tax obligations arising from the vesting of restricted stock units granted in 2019.
• The price per share for the transaction was $83.53.
• Following the transaction, Narayan beneficially owns 6,184 shares of Kaiser Aluminum Corp stock, which includes 5,680 shares acquired through restricted stock unit grants.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The vesting of restricted stock units is a common form of executive compensation across various industries.
• The tax withholding process is also a standard procedure when restricted stock units vest.

Stakeholder Impact

• The transaction has a minor impact on the total number of outstanding shares.
• The transaction is part of the executive compensation plan and is not expected to have a significant impact on shareholders.

Key Dates

Keywords

Kaiser Aluminum Corp, Vijai Narayan, Form 4, stock transaction, restricted stock units, beneficial ownership, tax withholding