Alcoa (NYSE: AA) CFO receives stock grant and shares withheld for taxes

Rhea-AI Filing Summary

Alcoa Corp executive Molly S. Beerman, EVP & CFO, reported equity compensation activity involving company stock. She acquired 6,990 shares of common stock at no cost through earned performance restricted stock units granted in 2023. In a separate transaction the same day, 3,040 shares were withheld by Alcoa to cover her tax obligations upon vesting of those units, at a value of $59.81 per share. After these transactions, she directly owned 119,461 shares of Alcoa common stock.

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

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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^*

Beerman Molly S.

(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)

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

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		6,990(1)	A	$0	122,501	D
Common Stock, par value $0.01 per share	02/23/2026		F		3,040(2)	D	$59.81	119,461	D

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.

	/s/ Marissa P. Earnest, attorney-in-fact for Molly S. Beerman	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).
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FAQ

What insider transactions did Alcoa (AA) report for Molly S. Beerman?

Alcoa reported that EVP & CFO Molly S. Beerman received 6,990 common shares via earned performance restricted stock units from a 2023 grant. The company also withheld 3,040 shares to satisfy her tax obligations when those units vested at $59.81 per share.

Was Molly S. Beerman’s Alcoa (AA) stock transaction an open-market sale?

No, the filing shows no open-market sale. Instead, 3,040 shares were withheld by Alcoa to cover Molly S. Beerman’s tax obligations upon vesting of 2023 performance restricted stock units, a common administrative method rather than a discretionary sale in the market.

How many Alcoa (AA) shares did Molly S. Beerman acquire in this Form 4?

She acquired 6,990 Alcoa common shares at no cost, representing earned performance restricted stock units granted in 2023. These units vested based on performance conditions, converting into shares that increased her direct ownership stake in the company.

What is Molly S. Beerman’s Alcoa (AA) share ownership after these transactions?

After these transactions, Molly S. Beerman directly held 119,461 shares of Alcoa common stock. This figure reflects both the 6,990 shares received from vested performance restricted stock units and the 3,040 shares withheld to cover associated tax obligations.

What do the performance restricted stock units in Alcoa (AA) represent?

The performance restricted stock units represent equity awards granted in 2023 that vest based on meeting performance goals. Once earned, these PRSUs convert into common shares, as seen with the 6,990 shares granted to EVP & CFO Molly S. Beerman at no purchase price.