Field Alistair 4

What Happened

Alistair Field, a director of Alcoa Corp (ticker: AA), was granted 2,532 shares on May 8, 2026. The filing reports these shares as an award/grant (transaction code A) with an acquisition price of $0.00, so the reported cash consideration for the award is $0.00. This is an issuance of shares as compensation/award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-08 (grant/award, code A)
• Price reported: $0.00 per share; total reported cash consideration $0.00
• Shares granted: 2,532
• Shares owned after transaction: Not specified in this Form 4 filing
• Filing date: 2026-05-12 (filed 4 days after the transaction; appears later than the typical 2-business-day Form 4 filing requirement)
• Footnotes/other plans: No 10b5-1 plan, tax-withholding, or additional footnotes are referenced in the reported transaction

Context

Grants/awards to directors are commonly part of board compensation programs (e.g., restricted stock or RSUs) and may be subject to vesting or other conditions; the Form 4 here does not detail vesting or the award plan. Such awards are not the same signal as open-market purchases—while acquisitions can be interpreted positively, awards often reflect routine compensation and should be considered alongside other insider activity and company disclosures. The filing’s delayed submission reduces the timeliness of disclosure.