John C. Plant - 31 Mar 2023 Form 4 Insider Report for Howmet Aerospace Inc. (HWM)

Role
Executive Chairman & CEO, Director
Signature
/s/ Margaret Lam, Assistant Secretary, Attorney-in-Fact
Issuer symbol
HWM
Transactions as of
31 Mar 2023
Net transactions value
-$47,806,368
Form type
4
Filing time
03 Apr 2023, 17:04:58 UTC
Previous filing
12 Dec 2023
Next filing
12 May 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 +494,999 +158% 809,178 31 Mar 2023 Direct F1
transaction HWM Common Stock Options Exercise +2,100,000 +260% 2,909,178 31 Mar 2023 Direct F1
transaction HWM Common Stock Tax liability $47,806,368 -1,128,307 -39% $42.37 1,780,871 31 Mar 2023 Direct F2
holding HWM Common Stock 1,587,730 31 Mar 2023 By Trust F3

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 Restricted Stock Units Options Exercise $0 -494,999 -16% $0.000000 2,600,000 31 Mar 2023 Common Stock 494,999 Direct F1, F4
transaction HWM Restricted Stock Units Options Exercise $0 -2,100,000 -81% $0.000000 500,000 31 Mar 2023 Common Stock 2,100,000 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit converted into common stock on a one-for-one basis.
F2 Represents payment of tax liability by delivering or withholding shares incident to the vesting of a stock award issued in accordance with Rule 16b-3.
F3 Shares held in trusts, each of which the reporting person is the trustee and beneficiary.
F4 Reflects vesting of the remaining one-third of each of the restricted stock unit awards granted on April 2, 2020 and June 9, 2020, upon satisfaction of the condition of the continued employment of Mr. Plant as Chief Executive Officer of Howmet Aerospace Inc. (Howmet) through such date.
F5 Reflects vesting of the restricted stock unit awards granted on April 2, 2020 and June 9, 2020, upon satisfaction of the conditions of Mr. Plant's continued service as Howmet's Chief Executive Officer through such date and the achievement of certain stock price targets.