Tina K. Busch - Oct 10, 2022 Form 4 Insider Report for ATI INC (ATI)

Role
SVP, CHRO
Signature
/s/ Amanda J. Skov, Attorney-in-Fact for Tina K. Busch
Stock symbol
ATI
Transactions as of
Oct 10, 2022
Transactions value $
$0
Form type
4
Date filed
10/12/2022, 04:46 PM
Next filing
Jan 5, 2023

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 +11.2K $0.00 11.2K Oct 10, 2022 Direct F1, F2
transaction ATI Common Stock, par value $0.10 per share Award $0 +4.04K +36.22% $0.00 15.2K Oct 10, 2022 Direct F2, 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 ATI Performance Stock Unit Award $0 +41.7K $0.00 41.7K Oct 10, 2022 Common Stock 41.7K Direct F2, F4
* 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 shares of stock upon vesting. The award vests in three equal annual installments on each of the first three anniversaries of the grant date.
F2 Awarded under ATI's 2022 Incentive Plan
F3 Award of restricted stock units, which are settled in shares of stock upon vesting. The award vests on the third anniversary of the grant date.
F4 Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's Common Stock if the Issuer's Common Stock achieves a specified target market price (based on a 20-trading day average) on the NYSE for at least 20 consecutive trading days ("20-Day Average Market Price") prior to December 31, 2025. Each PSU may result in the right to receive additional shares of the Issuer's Common Stock, up to a maximum of three shares per PSU, to the extent that the Issuer's Common Stock achieves 20-Day Average Market Prices at specified levels in excess of the target market price prior to December 31, 2025. Vested shares, if any, generally are payable in two equal installments in early 2026 and early 2027.