ROBERT S. WETHERBEE - 24 Feb 2022 Form 4/A - Amendment Insider Report for ALLEGHENY TECHNOLOGIES INC (ATI)

Role
Board Chair, President and CEO, Director
Signature
/s/ Elliot S. Davis, Attorney-in-Fact for Robert S. Wetherbee
Issuer symbol
ATI
Transactions as of
24 Feb 2022
Transactions value $
-$384,432
Form type
4/A - Amendment
Filing time
25 Mar 2022, 17:12:23 UTC
Date Of Original Report
28 Feb 2022
Previous filing
25 Mar 2022
Next filing
25 Mar 2022
SEC
View on sec.gov

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 +17K +4.43% $0.00 401K 24 Feb 2022 Direct F1
transaction ATI Common Stock, par value $0.10 per share Tax liability -$174K -7.4K -1.84% $23.54 394K 24 Feb 2022 Direct F2, F3
transaction ATI Common Stock, par value $0.10 per share Tax liability -$210K -8.94K -2.27% $23.54 385K 24 Feb 2022 Direct F3, F4
* 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 Shares withheld for payment of taxes in connection with the February 24, 2022 settlement of the 2019-2021 PSUs.
F3 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.
F4 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.

Remarks:

This amended Form 4 is filed to reflect an administrative correction to the number of shares withheld for the payment of taxes with respect to the (a) settlement of performance-vested restricted stock units awarded in 2019 and (b) vesting of restricted stock units awarded on February 24, 2020, as reflected in the second and third rows on Table I above.