PLANT JOHN C 4
Research Summary
AI-generated summary
Howmet (HWM) CEO John C. Plant Receives Award
What Happened
- John C. Plant, Executive Chairman & CEO of Howmet Aerospace (HWM), was granted 22,333 restricted share unit (RSU) awards on February 17, 2026. The grant is reported at $0 at the time of issuance (common for equity awards recorded as units rather than an open-market price) and will convert to shares upon vesting. This is an award/compensation event (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-17; Filing date: 2026-02-18 (timely, next-day filing).
- Award: 22,333 RSUs; reported acquisition price $0; aggregate initial reported value $0.
- Transaction code: A (grant/award).
- Footnote F1: RSUs are subject to vesting and tax withholding upon vesting.
- Footnotes F2 & F3: Some shares are held in trusts — the reporting person is trustee/grantor/beneficiary for one trust and trustee/grantor for a remainder trust for his children; these describe existing holdings and estate planning, not the new RSU grant.
- Shares owned after the transaction are not specified in the provided filing details.
Context
- RSU grants are a form of executive compensation and typically vest over time; they do not represent an immediate cash purchase or sale and therefore are not a direct market-confidence signal. Tax withholding may result in shares being withheld or sold when the award vests.