Hastings Andrew 4
Research Summary
AI-generated summary
Alcoa (AA) EVP Andrew Hastings Withholds 1,736 Shares for Taxes
What Happened
Andrew Hastings, EVP & General Counsel of Alcoa Corp (AA), had 1,736 shares withheld on 2026-01-29 to satisfy tax obligations tied to vested restricted stock units (RSUs). The shares were priced at $60.64 each, for a notional value of about $105,271. This was a tax-withholding disposition (reported under code F), not an open-market sale or a purchase.
Key Details
- Transaction date: 2026-01-29; Form 4 filed 2026-02-02.
- Action: Withholding of 1,736 shares to satisfy tax liability (transaction code F).
- Price per share: $60.64; total value (notional): ~$105,271.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnote: F1 — withholding of shares by the issuer to satisfy the reporting person's tax obligations upon vesting of RSUs granted in 2025.
- Filing timeliness: No late-filing flag indicated in the provided data.
Context
Share withholding to cover taxes on vested RSUs is a routine administrative action and does not indicate an independent decision to sell shares on the open market. For retail investors, tax-withholding dispositions are common and typically neutral with respect to insider sentiment about the company's prospects.