Alcoa (NYSE: AA) CEO Oplinger gets stock award and shares withheld for taxes

Rhea-AI Filing Summary

Alcoa Corp President, CEO & Director William F. Oplinger reported equity award and tax-withholding transactions in company stock. On February 23, 2026, he acquired 8,740 shares of common stock as a grant or award at $0.0000 per share, increasing his direct holdings.

On the same date, 3,801 shares at $59.81 per share were withheld by Alcoa to cover his tax obligations upon vesting of performance restricted stock units granted in 2023. After these transactions, he held 333,877 shares directly and 543 shares indirectly through a company 401(k) plan.

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^*

Oplinger William F

(Last) (First) (Middle)

201 ISABELLA STREET, SUITE 500

(Street)

PITTSBURGH PA 15212

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	President, CEO & Director

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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

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

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

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	02/23/2026		A		8,740(1)	A	$0	337,678	D
Common Stock, par value $0.01 per share	02/23/2026		F		3,801(2)	D	$59.81	333,877	D
Common Stock, par value $0.01 per share								543(3)	I	By Company 401(k) Plan

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. Earned performance restricted stock units (PRSUs) granted in 2023.

2. Represents the withholding of shares by the issuer to satisfy the reporting person's tax obligations upon the vesting of PRSUs granted in 2023.

3. Fluctuations in 401(k) share amounts reflect the plan's unit reporting method; units represent interests in the Company's stock fund.

	/s/ Marissa P. Earnest, attorney-in-fact for William F. Oplinger	02/25/2026
	** 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.

FAQ

What did Alcoa (AA) CEO William F. Oplinger report in this Form 4?

William F. Oplinger reported stock award and tax-withholding transactions in Alcoa common stock. He received an equity grant and had shares withheld by the company to satisfy tax obligations related to previously granted performance restricted stock units that vested in 2023.

How many Alcoa (AA) shares were granted to William F. Oplinger?

He was granted 8,740 shares of Alcoa common stock at a stated price of $0.0000 per share. The filing identifies this as a grant, award, or other acquisition, tied to earned performance restricted stock units originally granted in 2023.

How many Alcoa (AA) shares were withheld for William F. Oplinger’s taxes?

Alcoa withheld 3,801 shares of common stock at $59.81 per share to cover Oplinger’s tax obligations. This withholding occurred upon the vesting of performance restricted stock units that were granted to him in 2023 and had been earned by 2026.

What are William F. Oplinger’s direct Alcoa (AA) share holdings after these transactions?

After the award and tax-withholding transactions, Oplinger directly owned 333,877 shares of Alcoa common stock. This figure reflects the net result of the 8,740-share grant and the 3,801-share withholding reported for the same transaction date.

How many Alcoa (AA) shares does William F. Oplinger hold indirectly through the 401(k) plan?

He held 543 shares indirectly through a company 401(k) plan. The filing notes that fluctuations in this 401(k) amount reflect the plan’s unit reporting method, where units represent interests in Alcoa’s stock fund rather than direct share transactions.

What do the 2023 performance restricted stock units (PRSUs) mean for Alcoa (AA) CEO Oplinger?

The filing explains that the shares granted relate to earned performance restricted stock units originally granted in 2023. Upon vesting, a portion of these PRSUs converted into shares, with some shares withheld by Alcoa to satisfy Oplinger’s tax obligations.