Shultz Barbara Lou 4

What Happened

• Barbara Lou Shultz, Vice President and Controller of Howmet Aerospace (HWM), had 2,692 shares disposed on Feb 16, 2026 to cover tax obligations related to a stock award (disposition of $673,565 at $250.21 per share). The filing also reports a grant of 446 restricted share units (RSUs) on Feb 17, 2026 (no cash outlay).

Key Details

• Transactions:
  • Feb 16, 2026 — 2,692 shares disposed (tax withholding) at $250.21 each; total value ~$673,565. (Code F per footnote: shares delivered/withheld to satisfy tax liability.)
  • Feb 17, 2026 — 446 RSUs granted; reported acquisition amount $0 (these are subject to vesting and future tax withholding).
• Shares owned after the transactions: Not disclosed in this filing.
• Filing date: Feb 18, 2026 (Form 4 accession 0001104659-26-017217). The Feb 18 filing appears to be within the typical two-business-day Form 4 window for the Feb 16 transaction.
• Footnotes:
  • F1: Disposal represents payment of tax liability by delivering/withholding shares incident to vesting.
  • F2: The 446 awards are restricted share units subject to vesting and future tax withholding.

Context

• This was not an open-market sale for cash but a routine tax-withholding share surrender tied to a stock award—common for equity compensation and not necessarily a signal of bearish conviction.
• The RSU grant is an acquisition on paper but will only convert to actual shares as they vest; tax withholding may occur at vesting.