Alcoa (AA) director John Bevan receives 2,532-share stock grant, lifts holdings

Rhea-AI Filing Summary

Bevan John A reported acquisition or exercise transactions in this Form 4 filing.

Alcoa Corp director John A. Bevan reported a stock award that increased his direct shareholdings. On May 8, 2026, he received a grant of 2,532 shares of Alcoa common stock at $0.00 per share, described as a grant or award rather than a market purchase.

Following this award, Bevan’s direct ownership rose to 12,199 shares of common stock. The filing also lists an indirect holding of 8,562 shares by trust, in the same security. A footnote explains that these shares are traded as Chess Depositary Interests on the Australian Stock Exchange, representing beneficial interests in Alcoa ordinary shares.

Insights

Equity compensation analyst

Filing shows a routine equity grant, not an open‑market purchase.

The Form 4 reports that director John A. Bevan received 2,532 shares of Alcoa common stock at $0.00 per share as a grant or award. This is standard equity compensation, not a discretionary buy in the market.

After the grant, he holds 12,199 shares directly and 8,562 shares indirectly via a trust. There are no derivative positions reported and no sales, so the overall signal is neutral, reflecting routine board compensation rather than a change in investment stance.

Insider Trade Summary

Net Buyer: 2,532 shares

Net Buy 2 txns

Insider Bevan John A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01 per share	2,532	$0.00	$0.00
holding	Common Stock, par value $0.01 per share	--	--	--

Holdings After Transaction: Common Stock, par value $0.01 per share — 12,199 shares (Direct); Common Stock, par value $0.01 per share — 8,562 shares (Indirect, By trust)

Footnotes (1)

1. F1. Shares are traded as Chess Depositary Interests ("CDIs") on the Australian Stock Exchange (the "ASX"). CDIs represent a beneficial interest in one ordinary share of Alcoa Corporation held by CHESS Depositary Nominees Pty. Ltd.

Key Figures

Equity grant: 2,532 shares Grant price: $0.00 per share Direct holdings after grant: 12,199 shares +2 more

5 metrics

Equity grant 2,532 shares Common stock grant on May 8, 2026

Grant price $0.00 per share Price for 2,532-share award

Direct holdings after grant 12,199 shares Common stock directly owned after transaction

Indirect holdings by trust 8,562 shares Common stock held indirectly via trust

Transaction type Grant, award, or other acquisition Form 4 code A for common stock

Key Terms

Grant, award, or other acquisition, Chess Depositary Interests, CDIs, By trust

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Chess Depositary Interests financial

"Shares are traded as Chess Depositary Interests ("CDIs") on the Australian Stock Exchange"

CHESS depositary interests are tradable certificates used on the Australian settlement system that represent ownership of underlying foreign shares held by a custodian. They let investors buy and sell foreign-listed stocks on the local exchange as if they were domestic shares, simplifying trading, dividend collection and record-keeping, though they may involve custodian fees and can alter certain direct shareholder rights and tax treatments.

CDIs financial

"CDIs represent a beneficial interest in one ordinary share of Alcoa Corporation"

CDIs (CHESS Depositary Interests) are local certificates that represent ownership of foreign shares so investors can buy, sell and hold those stocks on a domestic exchange without moving the underlying shares across borders. Think of a CDI as a local receipt for a foreign share: it gives most economic rights and easier trading in local currency and settlement systems, which matters to investors for access, liquidity, and the practical handling of dividends and corporate actions.

By trust financial

"nature_of_ownership: By trust"

FAQ

What did Alcoa (AA) director John A. Bevan report in this Form 4?

John A. Bevan reported receiving a grant of 2,532 Alcoa common shares at $0.00 per share. The transaction is classified as a grant or award, indicating routine equity compensation rather than an open-market stock purchase or sale.

How many Alcoa (AA) shares does John A. Bevan own after this transaction?

After the reported grant, John A. Bevan directly owns 12,199 Alcoa common shares. The filing also shows an additional 8,562 shares held indirectly by a trust, giving investors a clearer view of his total reported equity exposure to Alcoa.

Was the Alcoa (AA) Form 4 transaction a market buy or sell?

The Form 4 shows no open-market buys or sells. Instead, it records a grant or award acquisition of 2,532 shares at $0.00, which is typical director compensation, plus a separate holding entry for 8,562 shares owned indirectly through a trust structure.

What does the $0.00 price on the Alcoa (AA) Form 4 transaction mean?

The $0.00 price reflects that the 2,532 shares were granted as compensation, not purchased for cash. Such awards are commonly used to align directors’ interests with shareholders by providing equity without requiring an out-of-pocket payment.

How are John A. Bevan’s indirect Alcoa (AA) holdings structured?

The filing lists 8,562 Alcoa common shares held indirectly by a trust. A footnote explains that the shares are traded as Chess Depositary Interests on the Australian Stock Exchange, representing beneficial interests in Alcoa ordinary shares held by a nominee.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/12/2026 - 04:17 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bevan John A

(Last) (First) (Middle)

201 ISABELLA STREET

SUITE 500

(Street)

PITTSBURGH PENNSYLVANIA 15212

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Alcoa Corp [ AA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	05/08/2026		A		2,532	A	$0	12,199	D
Common Stock, par value $0.01 per share								8,562	I(1)	By trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares are traded as Chess Depositary Interests ("CDIs") on the Australian Stock Exchange (the "ASX"). CDIs represent a beneficial interest in one ordinary share of Alcoa Corporation held by CHESS Depositary Nominees Pty. Ltd.

	/s/ Megan C. Yancey, attorney-in-fact for John A. Bevan	05/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)