Wilcox Brett 4

What Happened
Brett Wilcox, a director of Kaiser Aluminum Corporation (KALU), was awarded a total of 1,114 shares on June 4, 2026. The Form 4 reports two acquisitions: 786 shares recorded at $0.00 (restricted stock grant) and 328 shares acquired at $178.10 each (total value $58,417). These are grants/awards (code A), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-06-04; Form filed 2026-06-05 (timely filing).
• Items reported:
  • 786 shares @ $0.00 — restricted stock grant (see footnote F1).
  • 328 shares @ $178.10 — stock received in lieu of cash retainer; total = $58,417 (see footnotes F2, F3).
• Shares acquired total: 1,114.
• Shares owned after the transaction: not disclosed in the provided excerpt.
• Important footnotes:
  • F1: Restricted stock; restrictions lapse June 4, 2027.
  • F2: 328 shares issued at the director’s election in lieu of annual cash retainer.
  • F3: $178.10 equals the 20‑day average NASDAQ closing price prior to 6/4/2026.
• Transaction code: A = Award/Grant.

Context
These entries reflect director compensation (an equity award and stock issued instead of cash), which are routine and do not represent open‑market buying or selling. The restricted shares vest on June 4, 2027; the cash‑in‑lieu shares were priced using the 20‑day average prior to the grant date.