JACK A. HOCKEMA - 05 Mar 2022 Form 4 Insider Report for KAISER ALUMINUM CORP (KALU)

Role
Director
Signature
/s/Cherrie I. Tsai, with power of attorney for Jack A. Hockema
Issuer symbol
KALU
Transactions as of
05 Mar 2022
Net transactions value
-$521,598
Form type
4
Filing time
08 Mar 2022, 16:45:18 UTC
Previous filing
14 Jan 2022
Next filing
22 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KALU Common Stock, par value $0.01 per share Award $0 +5,587 +32% $0.000000 23,094 05 Mar 2022 Direct F1, F2
transaction KALU Common Stock, par value $0.01 per share Tax liability $189,499 -1,992 -8.6% $95.13 21,102 05 Mar 2022 Direct F2, F3
transaction KALU Common Stock, par value $0.01 per share Tax liability $332,099 -3,491 -17% $95.13 17,611 05 Mar 2022 Direct F4, F5
holding KALU Common Stock, par value $0.01 per share 17,243 05 Mar 2022 By Hockema Family Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares earned upon the vesting on March 5, 2022 of certain performance shares granted to the reporting person in 2019 under the Kaiser Aluminum Corporation 2016 Equity and Incentive Compensation Plan. On March 5, 2022, the Registrant's compensation committee certified the performance shares payout multiplier based on the level of achievement by the Registrant of certain pre-established performance goals for 2019 through 2021.
F2 Includes 17,507 shares acquired pursuant to grants of restricted stock units.
F3 Shares withheld to satisfy the withholding tax obligations resulting from the vesting on March 5, 2022 of the above-referenced performance shares.
F4 Shares withheld to satisfy the withholding tax obligations resulting from the vesting on March 5, 2022 of certain restricted stock units granted to the reporting person in 2019 under the Kaiser Aluminum Corporation 2016 Equity and Incentive Compensation Plan.
F5 Includes 9,019 shares acquired pursuant to grants of restricted stock units.