Beerman Molly S. 4

What Happened
Molly S. Beerman, Executive Vice President & Chief Financial Officer of Alcoa Corp (AA), had 3,940 shares withheld to satisfy tax obligations upon the vesting of restricted stock units (RSUs). The shares were valued at $60.64 each, for a total disposition of approximately $238,922. This was a tax-withholding event (code F), not an open-market sale.

Key Details

• Transaction date: January 29, 2026
• Price per share: $60.64; Shares withheld/disposed: 3,940; Total value: ~$238,922
• Transaction code: F (withholding to satisfy tax obligations on vested RSUs)
• Footnote: F1 — withholding relates to RSUs granted in 2025 and used to cover the reporting person’s tax liability upon vesting
• Shares owned after transaction: Not specified in the filing
• Filing date / timeliness: Report filed Feb 2, 2026 (filed within the SEC’s required two-business-day window)

Context
Tax-withholding on vested RSUs is a routine administrative action and does not necessarily signal a change in the insider’s view of the company. Unlike open-market sales, these transactions are typically executed to satisfy tax obligations rather than to monetize a position.