Alcoa EVP Andrew Hastings Receives PRSUs, Withholds Shares for Taxes

What Happened
Andrew Hastings, EVP & General Counsel of Alcoa (AA), had performance restricted stock units (PRSUs) vest on September 15, 2026 and the company withheld shares to satisfy tax obligations. The filing shows an acquisition (earned PRSUs) of 2,638 shares (reported at $0.00) and two withholding dispositions: 2,525 shares withheld at $46.52 each ($117,463) and 1,200 shares withheld at $46.52 each ($55,824). The total value of shares withheld for taxes was about $173,287. These were not open-market sales but routine tax-withholding actions upon vesting.

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-17 (timely filing).
• Acquired: 2,638 shares (PRSUs earned; reported price $0.00) — footnote F2.
• Withheld/Disposed for taxes: 2,525 shares @ $46.52 = $117,463 (F1, RSUs) and 1,200 shares @ $46.52 = $55,824 (F3, PRSUs).
• Total shares withheld for taxes: 3,725 shares (~$173,287).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 = withholding to satisfy tax on 2023 RSUs; F2 = earned PRSUs from 2023; F3 = withholding to satisfy tax on 2023 PRSUs.
• Transaction code meaning: A = award/acquisition (vesting), F = tax withholding (disposition) — routine, not an open-market sale.

Context
This is a common insider event where equity awards vested and the company withheld shares to cover tax obligations. It does not represent an open-market sale or new purchase decision by the executive; purchases typically signal more direct bullishness than routine vesting and withholding.