John D. Slaven - 22 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: 22 Feb 2022
Net transactions value: -$3,021,402
Form type: 4
Filing time: 24 Feb 2022, 16:01:13 UTC
Previous filing: 08 Feb 2022
Next filing: 25 Jan 2023
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	Award	$0	+29,754	+48%	$0.000000	91,324	22 Feb 2022	Direct	F1
transaction	AA	Common Stock, par value $0.01 per share	Tax liability	$867,520	-11,709	-13%	$74.09	79,615	22 Feb 2022	Direct	F2
transaction	AA	Common Stock, par value $0.01 per share	Tax liability	$199,450	-2,692	-3.4%	$74.09	76,923	22 Feb 2022	Direct	F3
transaction	AA	Common Stock, par value $0.01 per share	Options Exercise	$179,329	+6,133	+8%	$29.24	83,056	24 Feb 2022	Direct
transaction	AA	Common Stock, par value $0.01 per share	Sale	$2,133,761	-28,326	-34%	$75.33	54,730	24 Feb 2022	Direct	F4

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	-6,133	-100%	$0.000000^*	0	24 Feb 2022	Common Stock	6,133	$29.24	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Earned performance restricted stock units (PRSUs) granted in 2019.
F2	Represents the withholding of shares by the issuer to satisfy the reporting person's tax obligations upon the vesting of 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 restricted stock units granted in 2019.
F4	The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $75.17 - $75.65. 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.
F5	This option was part of an option grant that vested in three annual installments beginning on the date shown. The installment exercised by the reporting person as reported herein vested on February 20, 2022.