William F. Austen - Aug 18, 2023 Form 4 Insider Report for Arconic Corp (ARNC)

Role: Director
Signature: /s/ Adam Wheeler, Vice President and Secretary by Power of Attorney
Stock symbol: ARNC
Transactions as of: Aug 18, 2023
Transactions value $: -$1,749,930
Form type: 4
Date filed: 8/18/2023, 12:36 PM
Previous filing: May 24, 2023
Next filing: May 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Date	Ownership	Footnotes
transaction	ARNC	Common Stock	Disposed to Issuer	-$1.12M	-37.3K	-100%	$30.00	Aug 18, 2023	Direct	F1
transaction	ARNC	Restricted Stock Units	Disposed to Issuer	-$156K	-5.19K	-100%	$30.00	Aug 18, 2023	Direct	F2
transaction	ARNC	Deferred Stock Units	Disposed to Issuer	-$475K	-15.8K	-100%	$30.00	Aug 18, 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William F. Austen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Represents shares of Arconic Corporation ("Arconic") common stock disposed of in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 4, 2023, by and among Arconic and affiliates of funds managed by Apollo Global Management, Inc. In accordance with the Merger Agreement, at the effective time of the merger contemplated thereby (the "Effective Time"), each share of Arconic common stock held by the reporting person was converted into the right to receive $30.00 in cash (the "Merger Consideration").
F2	In accordance with the Merger Agreement, at the Effective Time, each (a) restricted stock unit award, other than performance-based restricted stock units, and (b) deferred stock unit award under the Arconic Corporation Amended and Restated 2020 Deferred Fee Plan for Directors was cashed out based on the Merger Consideration.

Content

Represents shares of Arconic Corporation ("Arconic") common stock disposed of in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 4, 2023, by and among Arconic and affiliates of funds managed by Apollo Global Management, Inc. In accordance with the Merger Agreement, at the effective time of the merger contemplated thereby (the "Effective Time"), each share of Arconic common stock held by the reporting person was converted into the right to receive $30.00 in cash (the "Merger Consideration").

In accordance with the Merger Agreement, at the Effective Time, each (a) restricted stock unit award, other than performance-based restricted stock units, and (b) deferred stock unit award under the Arconic Corporation Amended and Restated 2020 Deferred Fee Plan for Directors was cashed out based on the Merger Consideration.