John D. Slaven - 04 Feb 2022 Form 4 Insider Report for Alcoa Corp (AA)

Role: EVP & Chief Operations Officer
Signature: /s/ Marissa P. Earnest, attorney-in-fact for John D. Slaven
Issuer symbol: AA
Transactions as of: 04 Feb 2022
Net transactions value: -$404,112
Form type: 4
Filing time: 08 Feb 2022, 15:17:10 UTC
Previous filing: 28 Jan 2022
Next filing: 24 Feb 2022
SEC: View on sec.gov

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	Options Exercise	$358,687	+12,267	+20%	$29.24	73,837	04 Feb 2022	Direct
transaction	AA	Common Stock, par value $0.01 per share	Sale	$762,799	-12,267	-17%	$62.18	61,570	04 Feb 2022	Direct	F1

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	$0	-12,267	-67%	$0.000000	6,133	04 Feb 2022	Common Stock	12,267	$29.24	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $62.0000 - $62.2600. 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.
F2	This option was part of an option grant vesting in three annual installments beginning on the date shown. The installments exercised by the reporting person as reported herein vested on February 20, 2020 and February 20, 2021.

Content

The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $62.0000 - $62.2600. 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.

This option was part of an option grant vesting in three annual installments beginning on the date shown. The installments exercised by the reporting person as reported herein vested on February 20, 2020 and February 20, 2021.