Christopher L. Ayers - 18 Aug 2023 Form 4 Insider Report for Arconic Corp

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 18 Aug 2023
Net transaction value: -$2,888,400
SEC form: 4
Accepted by SEC: 18 Aug 2023, 12:59:56 UTC
Prior SEC filing: 02 Jun 2023
Next SEC filing: 10 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Adam Wheeler, Vice President and Secretary by Power of Attorney

Key filing fact

Christopher L. Ayers filed Form 4 for Arconic Corp on 18 Aug 2023.

Key facts

This page summarizes Christopher L. Ayers's Form 4 filing for Arconic Corp.
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 18 Aug 2023, 12:59.

Change

Previous filing in this sequence was filed on 02 Jun 2023.
Current net transaction value: -$2,888,400.

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

Disposed to Issuer

Transaction value: $55,500
Shares: -1,850
Change %: -100%
Price: $30.00
Shares after: 0
Date: 18 Aug 2023
Ownership: Direct
Footnotes: F1

ARNC transaction

Restricted Stock Units

Disposed to Issuer

Transaction value: $155,820
Shares: -5,194
Change %: -100%
Price: $30.00
Shares after: 0
Date: 18 Aug 2023
Ownership: Direct
Footnotes: F2

ARNC transaction

Deferred Stock Units

Disposed to Issuer

Transaction value: $2,677,080
Shares: -89,236
Change %: -100%
Price: $30.00
Shares after: 0
Date: 18 Aug 2023
Ownership: Direct
Footnotes: F2

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Christopher L. Ayers is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Represents shares of Arconic Corporation ("Arconic") common stock disposed of in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 4, 2023, by and among Arconic and affiliates of funds managed by Apollo Global Management, Inc. In accordance with the Merger Agreement, at the effective time of the merger contemplated thereby (the "Effective Time"), each share of Arconic common stock held by the reporting person was converted into the right to receive $30.00 in cash (the "Merger Consideration").

Footnote F2

In accordance with the Merger Agreement, at the Effective Time, each (a) restricted stock unit award, other than performance-based restricted stock units, and (b) deferred stock unit award under the Arconic Corporation Amended and Restated 2020 Deferred Fee Plan for Directors was cashed out based on the Merger Consideration.