Narayan Vijai 4

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.