HUGHES JAMES ALTON 4

What Happened
James Alton Hughes, a director of Alcoa Corp (AA), was granted/received 2,532 shares on May 8, 2026. The Form 4 reports the acquisition at $0.00 per share (total reported value $0), indicating these shares were issued as an award/grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-08; Transaction code: A (award/grant)
• Price reported on Form 4: $0.00 per share; total reported value: $0
• Shares acquired: 2,532
• Shares owned after transaction: not specified in the provided summary of the filing
• Filing date: 2026-05-12 — filed within the two-business-day window (timely)
• No 10b5-1 plan, tax withholding, or other footnotes were indicated in the provided transaction details

Context
An "A" code award typically reflects compensation (restricted stock or similar) granted to an insider and does not represent an open-market purchase (which is generally viewed as a more direct bullish signal). Form 4 reports often show $0 for grants because the acquisition price to the insider is zero or because value is disclosed elsewhere (e.g., proxy or Form 8-K). This transaction is informational for investors tracking insider compensation and holdings but does not alone indicate the director's market view.