Benjamin D. Kahrs - Jan 26, 2022 Form 4 Insider Report for Alcoa Corp (AA)

Role
EVP & Chief Innovation Officer
Signature
/s/ Marissa P. Earnest, attorney-in-fact for Benjamin D. Kahrs
Stock symbol
AA
Transactions as of
Jan 26, 2022
Transactions value $
-$453,103
Form type
4
Date filed
1/28/2022, 03:18 PM
Previous filing
Jan 26, 2022
Next filing
Feb 4, 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 Award $0 +2.31K +9.25% $0.00 27.3K Jan 26, 2022 Direct F1
transaction AA Common Stock, par value $0.01 per share Award $0 +2.89K +10.59% $0.00 30.2K Jan 26, 2022 Direct F1
transaction AA Common Stock, par value $0.01 per share Award $0 +9.08K +30.09% $0.00 39.2K Jan 26, 2022 Direct F2
transaction AA Common Stock, par value $0.01 per share Tax liability -$156K -2.56K -6.53% $60.75 36.7K Jan 26, 2022 Direct 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 AA Phantom Stock Units Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities -$298K -4.82K -100% $61.77 0 Jan 26, 2022 Common Stock 4.82K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of restricted stock units, which are settled in stock upon vesting, generally on the third anniversary of the date of grant.
F2 Earned performance restricted stock units (PRSUs) granted in 2019.
F3 Represents the withholding of shares by the issuer to satisfy the reporting person's tax obligations upon the vesting of PRSUs granted in 2019.
F4 Each phantom stock unit is the economic equivalent of one share of Alcoa common stock.
F5 Phantom stock units under the Alcoa Deferred Compensation Plan (the "Plan") are paid out in cash after termination of employment. The reporting person may transfer the phantom stock units into an alternative investment account under the Plan at times permitted under the Plan.