Alcoa (NYSE: AA) EVP awarded shares, some withheld for taxes

Rhea-AI Filing Summary

Alcoa Corp executive Renato Bacchi reported equity compensation activity involving company stock. He acquired 4,858 shares of common stock at no cost as part of earned performance restricted stock units granted in 2023. On the same date, 2,113 shares at $59.81 per share were withheld by Alcoa to cover his tax obligations tied to the vesting. After these transactions, he directly owned 75,630 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

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)
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		4,858(1)	A	$0	77,743	D
Common Stock, par value $0.01 per share	02/23/2026		F		2,113(2)	D	$59.81	75,630	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 Renato Bacchi	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 insider transactions did Alcoa (AA) EVP Renato Bacchi report?

Renato Bacchi reported receiving 4,858 Alcoa common shares from earned performance restricted stock units and a withholding of 2,113 shares for taxes. These administrative transactions reflect equity compensation vesting rather than open-market buying or selling activity.

How many Alcoa (AA) shares did Renato Bacchi acquire in this Form 4?

Renato Bacchi acquired 4,858 shares of Alcoa common stock at no cost through the vesting of performance restricted stock units granted in 2023. This reflects earned long-term incentive compensation rather than a cash purchase on the open market.

Why were 2,113 Alcoa (AA) shares disposed of in Bacchi’s Form 4?

The 2,113 Alcoa shares were withheld by the company at $59.81 per share to satisfy Bacchi’s tax obligations when his 2023 performance restricted stock units vested. This is a tax-withholding disposition, not a discretionary sale into the market.

What is Renato Bacchi’s Alcoa (AA) share ownership after these transactions?

Following the grant and tax withholding, Renato Bacchi directly owns 75,630 shares of Alcoa common stock. This updated figure reflects his equity stake after the vesting of 2023 performance restricted stock units and the related share withholding for taxes.

Were Renato Bacchi’s Alcoa (AA) transactions open-market trades?

No, the transactions involved equity award vesting and tax withholding. Bacchi received 4,858 shares from earned performance restricted stock units and 2,113 shares were withheld by Alcoa to cover taxes, so there were no open-market purchases or sales reported.

What type of equity award did Alcoa (AA) grant to Renato Bacchi?

Bacchi’s Form 4 notes that the acquired 4,858 shares came from earned performance restricted stock units granted in 2023. These PRSUs vest into common stock when performance conditions are met and are settled without a cash purchase price.