Ken Giacobbe - 03 Jun 2022 Form 4 Insider Report for Howmet Aerospace Inc. (HWM)

Role
EVP and CFO
Signature
/s/ Margaret Lam, Assistant Secretary / Attorney-in-fact
Issuer symbol
HWM
Transactions as of
03 Jun 2022
Net transactions value
-$463,283
Form type
4
Filing time
06 Jun 2022, 21:56:15 UTC
Previous filing
09 May 2022
Next filing
08 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HWM Common Stock Options Exercise $1,094,134 +53,978 +15% $20.27 420,113 03 Jun 2022 Direct
transaction HWM Common Stock Options Exercise $741,019 +25,570 +6.1% $28.98 445,683 03 Jun 2022 Direct
transaction HWM Common Stock Sale $2,298,435 -63,304 -14% $36.31 382,379 03 Jun 2022 Direct F1, F2
holding HWM Common Stock 676 03 Jun 2022 By Company 401(k) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HWM Employee Stock Option (right to buy) Options Exercise $0 -53,978 -100% $0.000000* 0 03 Jun 2022 Common Stock 53,978 $20.27 Direct F3
transaction HWM Employee Stock Option (right to buy) Options Exercise $0 -25,570 -100% $0.000000* 0 03 Jun 2022 Common Stock 25,570 $28.98 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold in the open market, the proceeds of which were used to pay the exercise price and tax withholding obligations incurred upon the exercise of the stock options.
F2 The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $36.14 to $36.49. The reporting person undertakes to provide to Howmet Aerospace Inc. ("Howmet"), any security holder of Howmet, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
F3 The option became exercisable in three equal annual installments beginning on January 13, 2018, which was the first anniversary of the date on which the option was granted.
F4 The option became exercisable in three equal annual installments beginning on January 19, 2019, which was the first anniversary of the date on which the option was granted.