Elizabeth C. Powers - 24 Feb 2022 Form 4 Insider Report for ALLEGHENY TECHNOLOGIES INC (ATI)

Signature
/s/ Elliot S. Davis, Attorney-in-Fact for Elizabeth C. Powers
Issuer symbol
ATI
Transactions as of
24 Feb 2022
Net transactions value
-$137,168
Form type
4
Filing time
28 Feb 2022, 16:05:29 UTC
Next filing
02 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATI Common Stock, par value $0.10 per share Award $0 +7,665 +4.6% $0.000000 175,504 24 Feb 2022 Direct F1, F2
transaction ATI Common Stock, par value $0.10 per share Tax liability $82,084 -3,487 -2% $23.54 172,017 24 Feb 2022 Direct F2, F3, F4
transaction ATI Common Stock, par value $0.10 per share Tax liability $55,084 -2,340 -1.4% $23.54 169,677 24 Feb 2022 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of performance-vested restricted stock units that were granted in 2019, the vesting of which was contingent upon the Issuer's achievement of specified performance criteria during the period form January 1, 2019 through December 31, 2021 (the "2019-2021 PSUs"). The shares underlying the 2019-2021 PSUs became payable as of February 24, 2022 following certification of the Issuer's achievement of such performance criteria by the Personnel and Compensation Committee of the Issuer's Board of Directors.
F2 This amount includes 1,916.2286 shares of common stock that Ms. Powers owns in the Company's 401(k) Plan. Fluctuations in 401(k) share amounts reflect the Plan's unit reporting method. Ms. Powers holds approximately 1,610 units, which represent interests in the Company's stock fund.
F3 Shares withheld for payment of taxes in connection with the February 24, 2022 settlement of the 2019-2021 PSUs.
F4 Represents the average of the high and low trading prices for one share of the Issuer's common stock on the New York Stock Exchange on February 24, 2022.
F5 Shares withheld for payment of taxes on restricted stock units awarded on February 24, 2020. One-third of such restricted stock units vested by their terms on February 24, 2022.