Jeffrey D. Heeter - Jan 24, 2022 Form 4 Insider Report for Alcoa Corp (AA)

Role
EVP & Gen. Counsel
Signature
/s/ Marissa P. Earnest, attorney-in-fact for Jeffrey D. Heeter
Stock symbol
AA
Transactions as of
Jan 24, 2022
Transactions value $
-$1,898,926
Form type
4
Date filed
1/26/2022, 03:16 PM
Previous filing
Jun 3, 2021
Next filing
Jan 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AA Common Stock, par value $0.01 per share Tax liability -$123K -2.13K -3.63% $58.02 56.5K Jan 24, 2022 Direct F1
transaction AA Common Stock, par value $0.01 per share Options Exercise $454K +12.1K +21.34% $37.68 68.5K Jan 25, 2022 Direct
transaction AA Common Stock, par value $0.01 per share Options Exercise $600K +11.3K +16.43% $53.30 79.8K Jan 25, 2022 Direct
transaction AA Common Stock, par value $0.01 per share Options Exercise $171K +6.13K +7.68% $27.96 85.9K Jan 25, 2022 Direct
transaction AA Common Stock, par value $0.01 per share Sale -$1.78M -29.4K -34.27% $60.31 56.5K Jan 25, 2022 Direct F2

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 AA Employee Stock Option (right to buy) Options Exercise -$454K -12.1K -100% $37.68 0 Jan 25, 2022 Common Stock 12.1K $37.68 Direct F3
transaction AA Employee Stock Options (right to buy) Options Exercise -$600K -11.3K -100% $53.30 0 Jan 25, 2022 Common Stock 11.3K $53.30 Direct F3
transaction AA Employee Stock Option (right to buy) Options Exercise -$171K -6.13K -100% $27.96 0 Jan 25, 2022 Common Stock 6.13K $27.96 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the withholding of shares by the issuer to satisfy the reporting person's tax obligations upon the vesting of restricted share units granted in 2019.
F2 The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $60.1000 - $60.5000. The reporting person undertakes to provide to Alcoa Corporation, any security holder of Alcoa Corporation, 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 This option vested in equal installments over three years beginning on the date shown.