Alcoa (NYSE: AA) EVP Bacchi has 2,290 shares withheld to cover RSU taxes

Rhea-AI Filing Summary

Alcoa Corporation executive Renato Bacchi reported a tax-related share withholding. On 01/29/2026, the issuer withheld 2,290 shares of Alcoa common stock at $60.64 per share to cover his tax obligations upon vesting of restricted stock units granted in 2025.

After this non-open-market transaction, Bacchi beneficially owned 72,885 Alcoa common shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bacchi Renato

Role EVP & Chief Commercial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, par value $0.01 per share	2,290	$60.64	$139K

Holdings After Transaction: Common Stock, par value $0.01 per share — 72,885 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Bacchi Renato

(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 & Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

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	01/29/2026		F		2,290(1)	D	$60.64	72,885	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. Represents the withholding of shares by the issuer to satisfy the reporting person's tax obligations upon the vesting of restricted stock units (RSUs) granted in 2025.

	/s/ Marissa P. Earnest, attorney-in-fact for Renato Bacchi	02/02/2026
	** 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 insider transaction did Alcoa (AA) EVP Renato Bacchi report?

Renato Bacchi reported a tax-related share withholding, not an open-market sale. On 29 January 2026, Alcoa withheld 2,290 common shares to satisfy his tax obligations when 2025-granted restricted stock units vested, a common administrative mechanism for equity compensation.

How many Alcoa (AA) shares were withheld and at what price?

Alcoa withheld 2,290 common shares from Renato Bacchi at $60.64 per share. This Form 4 transaction is coded “F,” indicating shares were retained by the company to cover tax liabilities on vesting restricted stock units, rather than sold on the open market.

How many Alcoa (AA) shares does Renato Bacchi own after this transaction?

Following the tax withholding, Renato Bacchi beneficially owns 72,885 Alcoa common shares directly. This figure reflects his holdings after 2,290 shares were withheld by the company to satisfy tax obligations tied to the vesting of his 2025 restricted stock units.

Was the Alcoa (AA) Form 4 transaction an open-market sale by Renato Bacchi?

No, the Form 4 does not show an open-market sale. The transaction code “F” and footnote explain Alcoa withheld 2,290 shares from Bacchi solely to cover tax obligations upon vesting of restricted stock units granted in 2025, an internal settlement.

What does transaction code "F" mean in this Alcoa (AA) Form 4?

Code “F” indicates a tax withholding related to equity compensation, not a discretionary trade. In this case, 2,290 Alcoa shares were withheld by the issuer to satisfy Renato Bacchi’s tax obligations when his 2025 restricted stock units vested, reducing delivered shares.