Alcoa (AA) CFO Molly Beerman receives 17,340-share stock grant in Form 4 filing

Rhea-AI Filing Summary

Alcoa Corporation’s EVP and CFO Molly S. Beerman reported an equity award in the form of company stock. On January 28, 2026, she acquired 17,340 shares of common stock at a reported price of $0.00 per share, reflecting a grant rather than an open-market purchase.

Following this grant, Beerman beneficially owns 119,451 shares of Alcoa common stock in total. The filing notes that the award represents restricted stock units that are settled in stock as they vest and are generally scheduled to vest ratably over three years on the first, second, and third anniversaries of the grant date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Beerman Molly S.

Role EVP & CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01 per share	17,340	$0.00	--

Holdings After Transaction: Common Stock, par value $0.01 per share — 119,451 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^*

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)
01/28/2026

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	01/28/2026		A		17,340(1)	A	$0.00	119,451	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. Award of restricted stock units (RSUs), which are settled in stock upon vesting, and generally will vest ratably over a three-year period on the first, second, and third anniversary of the date of grant.

	/s/ Marissa P. Earnest, attorney-in-fact for Molly S. Beerman	01/30/2026
	** 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) report for Molly S. Beerman?

Alcoa reported that EVP and CFO Molly S. Beerman received a grant of 17,340 shares of common stock at a reported price of $0.00 per share. This reflects an equity award rather than a market trade, increasing her total beneficial ownership to 119,451 shares.

When did Molly S. Beerman’s latest Alcoa (AA) stock award occur?

The latest reported stock award to Molly S. Beerman occurred on January 28, 2026. On that date, she acquired 17,340 shares of Alcoa common stock as part of an equity grant, with no cash price paid per share disclosed in the transaction details.

How many Alcoa (AA) shares does Molly S. Beerman now beneficially own?

After the reported transaction, Molly S. Beerman beneficially owns 119,451 shares of Alcoa common stock. This total includes the 17,340-share award reported in the filing and represents her direct ownership position as Alcoa’s Executive Vice President and Chief Financial Officer.

What type of equity award did Molly S. Beerman receive from Alcoa (AA)?

Molly S. Beerman received an award of restricted stock units, or RSUs, that settle in Alcoa stock upon vesting. According to the disclosure, these RSUs generally vest ratably over a three-year period, on the first, second, and third anniversaries of the grant date.

How do Molly S. Beerman’s Alcoa (AA) RSUs vest over time?

The restricted stock units awarded to Molly S. Beerman generally vest in three equal installments over three years. Vesting is scheduled ratably on the first, second, and third anniversaries of the January 28, 2026 grant date, with shares delivered in stock upon each vesting event.

Was cash paid for Molly S. Beerman’s new Alcoa (AA) shares?

No cash payment was reported for the new shares. The filing lists a transaction price of $0.00 per share, indicating the 17,340 shares were received as part of a compensation-related equity grant, rather than through a purchase on the open market.