Robert S. Wetherbee - Jan 9, 2024 Form 4 Insider Report for ATI INC (ATI)

Role
Board Chair and CEO, Director
Signature
/s/ Elliot S. Davis, Attorney-in-Fact for Robert S. Wetherbee
Stock symbol
ATI
Transactions as of
Jan 9, 2024
Transactions value $
-$4,914,382
Form type
4
Date filed
1/11/2024, 04:18 PM
Previous filing
Jan 5, 2024
Next filing
Jan 12, 2024

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 +309K +90.1% $0.00 652K Jan 9, 2024 Direct F1
transaction ATI Common Stock, par value $0.10 per share Tax liability -$4.91M -116K -17.75% $42.44 536K Jan 9, 2024 Direct F2, F3
* 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 2021, the vesting of which was contingent upon the Issuer's total shareholder return relative to a specified peer group during the period from January 1, 2021 through December 31, 2023 (the "2021-2023 PSUs"). The shares underlying the 2021-2023 PSUs became payable as of January 9, 2024 following certification of the Issuer's achievement of the relevant performance criteria by the Compensation and Leadership Development Committee of the Issuer's Board of Directors.
F2 Shares withheld for payment of taxes in connection with the January 9, 2024 settlement of the 2021-2023 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 January 9, 2024.