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Howmet Aerospace Inc.·4

Feb 18, 8:44 PM ET

Marchuk Neil Edward 4

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Howmet (HWM) EVP Neil Marchuk Sells 45,150 Shares

What Happened
Neil Edward Marchuk, EVP and Chief Accounting Officer of Howmet Aerospace (HWM), reported multiple equity transactions. On Feb 18, 2026 he sold 45,150 shares in an open-market transaction at a weighted average price of $251.70, totaling about $11.36 million. On Feb 16, 2026 he delivered/withheld 28,651 shares to satisfy tax withholding related to a vesting stock award (weighted average price $250.21, approx. $7.17 million). On Feb 17, 2026 he was granted 3,881 restricted share units (RSUs) (no immediate cash value reported).

Key Details

  • Transaction dates and prices:
    • Feb 16, 2026 — 28,651 shares delivered/withheld at $250.21 (payment of tax liability) — ~$7,168,767.
    • Feb 17, 2026 — 3,881 RSU award granted at $0 (subject to vesting and future tax withholding).
    • Feb 18, 2026 — 45,150 shares sold open market at weighted avg $251.70 (range $250.07–$253.00) — ~$11,364,427. The filer offered to provide a breakdown of shares sold at each price within the stated range (footnote F3).
  • Shares owned after the transactions: not specified in the Form 4 filing.
  • Footnotes of note:
    • F1: withholding/delivery of shares to satisfy tax liability on vesting awards.
    • F2: granted restricted share unit awards subject to vesting and tax withholding.
    • F3: sale price is a weighted average across multiple trades ($250.07–$253.00); detailed breakdown available on request.
    • F4: some shares are held in a revocable trust of which the reporting person is trustee and beneficiary.
  • Filing timeliness: Form 4 was filed Feb 18, 2026 covering transactions Feb 16–18; appears to be filed within the standard 2-business-day window.

Context
The Feb 16 delivery of shares was a tax-withholding event associated with vested awards (common administrative action), not an independent purchase or investment decision. The Feb 17 RSU grant is a standard compensation award subject to future vesting. The Feb 18 open-market sale is a reported sale (not a purchase); sales by insiders can be routine (e.g., tax, diversification) and are not, by themselves, proof of company outlook.