Robert S. Wetherbee - 23 Feb 2023 Form 4 Insider Report for ATI INC (ATI)

Reporting relationship: Board Chair, President and CEO, Director
Issuer ticker: ATI
Reported as of: 23 Feb 2023
Net transaction value: -$1,099,747
SEC form: 4
Accepted by SEC: 27 Feb 2023, 16:59:16 UTC
Prior SEC filing: 05 Jan 2023
Next SEC filing: 22 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Elliot S. Davis, Attorney-in-Fact for Robert S. Wetherbee

Key filing fact

Robert S. Wetherbee filed Form 4 for ATI INC (ATI) on 27 Feb 2023.

Key facts

This page summarizes Robert S. Wetherbee's Form 4 filing for ATI INC (ATI).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 27 Feb 2023, 16:59.

Change

Previous filing in this sequence was filed on 05 Jan 2023.
Current net transaction value: -$1,099,747.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ATI transaction

Common Stock, par value $0.10 per share

Award

Transaction value: $0
Shares: +44,793
Change %: +13%
Price: $0.000000
Shares after: 376,675
Date: 23 Feb 2023
Ownership: Direct
Footnotes: F1

ATI transaction

Common Stock, par value $0.10 per share

Tax liability

Transaction value: $759,846
Shares: -18,757
Change %: -5%
Price: $40.51
Shares after: 357,918
Date: 23 Feb 2023
Ownership: Direct
Footnotes: F2, F3

ATI transaction

Common Stock, par value $0.10 per share

Tax liability

Transaction value: $339,901
Shares: -8,616
Change %: -2.4%
Price: $39.45
Shares after: 349,302
Date: 24 Feb 2023
Ownership: Direct
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Settlement of performance-vested restricted stock units that were granted in 2020, the vesting of which was contingent upon the Issuer's achievement of specified performance criteria during the period from January 1, 2020 through December 31, 2022 (the "2020-2022 PSUs"). The shares underlying the 2020-2022 PSUs became payable as of February 23, 2023 following certification of the Issuer's achievement of such performance criteria by the Personnel and Compensation Committee of the Issuer's Board of Directors.

Footnote F2

Shares withheld for payment of taxes in connection with the February 23, 2022 settlement of the 2020-2022 PSUs.

Footnote 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 23, 2023.

Footnote 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, 2023.

Footnote F5

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, 2023.