KAISER ALUMINUM CORP·4

Mar 9, 4:30 PM ET

Narayan Vijai 4

4 · KAISER ALUMINUM CORP · Filed Mar 9, 2026

Research Summary

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Kaiser Aluminum (KALU) VP Narayan Vijai Receives RSU Award

What Happened

  • Narayan Vijai, VP, Corporate Controller & CAO of Kaiser Aluminum, was granted 733 restricted stock units (RSUs) effective March 5, 2026. The RSUs carry no immediate cash price and restrictions generally lapse on March 5, 2029.
  • On the same date the filing shows 579 shares were disposed (withheld) to satisfy tax withholding: 482 shares @ $125.84 = $60,655 and 97 shares @ $125.84 = $12,206 (total ≈ $72,861). These disposals were for tax obligations, not open-market selling.

Key Details

  • Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely).
  • Grant: 733 RSUs (code A) — restrictions lapse March 5, 2029 per filing (footnote F1).
  • Tax withholding: 482 shares and 97 shares withheld (codes F) at $125.84 per share, proceeds ≈ $60,655 and $12,206 respectively (total ≈ $72,861).
  • Footnotes: withholding relates to vesting of RSUs granted March 5, 2023 and June 7, 2023 (F3, F4). Footnotes also indicate the reporting person’s beneficial ownership includes additional RSU-derived shares from prior grants (F2, F5).
  • Shares owned after transaction: not explicitly stated in the provided filing excerpt.

Context

  • RSU grants are compensation awards that vest over time — they are not purchases and do not necessarily signal a buy/sell opinion. The share disposals reported here are tax-withholding transactions (common when RSUs vest) rather than discretionary market sales.
  • This filing reports an award plus routine withholding to cover taxes; no 10b5-1 plan or late filing was indicated in the provided details.

Insider Transaction Report

Form 4
Period: 2026-03-05
Narayan Vijai
VP, Corp Ctrl & CAO
Transactions
  • Award

    Common Stock, par value $0.01 per share

    [F1][F2]
    2026-03-05+7338,096 total
  • Tax Payment

    Common Stock, par value $0.01 per share

    [F3][F2]
    2026-03-05$125.84/sh482$60,6557,614 total
  • Tax Payment

    Common Stock, par value $0.01 per share

    [F4][F5]
    2026-03-05$125.84/sh97$12,2067,517 total
Footnotes (5)
  • [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 uponthe occurrence of certain specified circumstances.
  • [F2]Includes 7,088 shares acquired pursuant to grants of restricted stock units.
  • [F3]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 on March 5, 2023 under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan.
  • [F4]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 on June 7, 2023 under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan.
  • [F5]Includes 4,926 shares acquired pursuant to grants of restricted stock units.
Signature
/s/ John M. Donnan, with power of attorney for Vijai Narayan|2026-03-09

Documents

1 file
  • 4
    ownership.xmlPrimary

    4