DONNAN JOHN MALCOLM 4
4 · KAISER ALUMINUM CORP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Kaiser Aluminum (KALU) EVP John Donnan Receives Awards; Shares Withheld
What Happened John Malcolm Donnan, EVP, Chief Accounting Officer and General Counsel of Kaiser Aluminum, was granted/received restricted equity and performance share awards on March 5, 2026. The Form 4 reports acquisitions of 3,699 and 11,649 shares (awards, code A) and the withholding of 3,441 and 1,669 shares (code F) to satisfy tax obligations at $125.84 per share. The tax-withheld shares generated cash proceeds of $433,015 and $210,027 respectively (total ~$643,042). Net new shares to the insider from this event = 15,348 granted − 5,110 withheld = 10,238 shares retained.
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely).
- Grants reported: 3,699 and 11,649 shares (code A, awards/grants).
- Withheld for taxes: 3,441 and 1,669 shares (code F) at $125.84/share; total withholding ≈ $643,042.
- Net shares added to insider’s position from this vesting event: 10,238 shares.
- Footnotes: performance shares vested based on certified 2023–2025 performance multiplier; RSUs granted/vested carry restrictions that lapse on March 5, 2029 (or earlier upon specified events).
- Shares owned after the transaction were not specified in the provided extract.
Context This was an award/vesting event with shares surrendered to satisfy tax withholding — a routine, non-open-market disposition used to cover taxes, not a sale signaling market opinion. Some shares remain subject to time-based or performance-related restrictions (vesting/compliance through March 5, 2029).
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1][F2]2026-03-05+3,699→ 25,904 total - Award
Common Stock, par value $0.01 per share
[F3][F2]2026-03-05+11,649→ 37,553 total - Tax Payment
Common Stock, par value $0.01 per share
[F4][F2]2026-03-05$125.84/sh−3,441$433,015→ 34,112 total - Tax Payment
Common Stock, par value $0.01 per share
[F5][F6]2026-03-05$125.84/sh−1,669$210,027→ 32,443 total
Footnotes (6)
- [F1]Grant to the reporting person effective as of March 5, 2026 of restricted stock units under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan, as amended and restated. All restrictions will lapse on March 5, 2029 or earlier upon the occurrence of certain specified circumstances.
- [F2]Includes 21,661 shares acquired pursuant to grants of restricted stock units.
- [F3]Shares earned upon the vesting on March 5, 2026 of certain performance shares granted to the reporting person in 2023 under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan. On March 5, 2026, the Registrant's compensation committee certified the performance shares payout multiplier based on the level of achievement by the Registrant of certain pre-established performance goals for 2023 through 2025.
- [F4]Shares withheld to satisfy the withholding tax obligations resulting from the vesting on March 5, 2026 of the above-referenced performance shares.
- [F5]Shares withheld to satisfy the withholding tax obligations resulting from the vesting on March 5, 2026 of certain restricted stock units granted to the reporting person in 2023 under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan.
- [F6]Includes 17,422 shares acquired pursuant to grants of restricted stock units.