Mark J. Vrablec - 26 May 2021 Form 4 Insider Report for Arconic Corp

Reporting relationship: EVP & CCO
Issuer ticker: N/A
Reported as of: 26 May 2021
Net transaction value: +$2,626
SEC form: 4
Accepted by SEC: 28 May 2021, 17:19:32 UTC
Prior SEC filing: 24 May 2021
Next SEC filing: 02 Mar 2022
Source filing: View source filing
Reporting owner signature: Adam Wheeler, Assistant General Counsel and Assistant Corporate Secretary by Power of Attorney

Key filing fact

Mark J. Vrablec filed Form 4 for Arconic Corp on 28 May 2021.

Key facts

This page summarizes Mark J. Vrablec's Form 4 filing for Arconic Corp.
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 28 May 2021, 17:19.

Change

Previous filing in this sequence was filed on 24 May 2021.
Current net transaction value: +$2,626.

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.

ARNC transaction

Common Stock

Sale

Transaction value: $194,700
Shares: -5,500
Change %: -28%
Price: $35.40
Shares after: 13,904
Date: 26 May 2021
Ownership: By Trust for the Benefit of the Reporting Person
Footnotes: F1

ARNC transaction

Common Stock

Sale

Transaction value: $177,002
Shares: -5,000
Change %: -31%
Price: $35.40
Shares after: 11,000
Date: 26 May 2021
Ownership: By Trust for the Benefit of the Reporting Person's Spouse
Footnotes: F1

ARNC transaction

Common Stock

Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities

Transaction value: $372,120
Shares: +10,500
Change %: +542%
Price: $35.44
Shares after: 12,437
Date: 26 May 2021
Ownership: By Company 401(k) Plan
Footnotes: F1

ARNC transaction

Common Stock

Sale

Transaction value: $186,826
Shares: -5,300
Change %: -38%
Price: $35.25
Shares after: 8,604
Date: 28 May 2021
Ownership: By Trust for the Benefit of the Reporting Person
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ARNC transaction Derivative

Phantom Stock

Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities

Transaction value: $189,034
Shares: +5,349
Change %: +682%
Price: $35.34
Shares after: 6,133
Date: 26 May 2021
Ownership: By Company Deferred Compensation Plan
Underlying class: Common Stock
Underlying amount: 5,349
Exercise price
Footnotes: F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Mr. Vrablec engaged in the reported transactions in the context of rebalancing various components of his investment portfolio while maintaining his aggregate investment in Arconic Corporation (the Company). Mr. Vrablec sold 15,800 shares held indirectly in personal trusts and entered into offsetting purchases of 10,500 shares in his 401(k) plan account and 5,349 shares in his deferred compensation plan account. Mr. Vrablec notified the Company prior to effecting the foregoing transactions, and reimbursed the Company in the amount of $322.94, which is the total amount of short swing profits resulting from the foregoing transactions. Such reimbursement constitutes the recovery by the Company of short swing profits in accordance with Section 16(b) of the Securities and Exchange Act of 1934, and does not constitute an admission by Mr. Vrablec of the use of, or intent to use, material non-public information or other information obtained by him by reason of his relationship with the Company in effecting the foregoing transactions.

Footnote F2

Each phantom stock unit is the economic equivalent of one share of Arconic Corporation common stock.

Footnote F3

Phantom stock units were acquired under the Arconic Corporation Deferred Compensation Plan and are to be paid out in cash after termination of employment. The reporting person may transfer the phantom stock into an alternative investment account under the Plan at times permitted under the Plan.