Executive stock awards and tax withholding at Alcoa (NYSE: AA) detailed

Rhea-AI Filing Summary

Alcoa Corp executive Tammi A. Jones reported multiple equity compensation entries involving Alcoa common stock. On 2026-02-23, she acquired 3,884 shares through earned performance restricted stock units granted in 2023 and 77 shares from stock-settled dividend equivalents tied to those units.

To cover tax obligations at vesting, 2,059 and 41 shares were withheld by the issuer, each at a price of $59.81 per share. Her spouse indirectly acquired 1,463 shares from earned performance units and 29 shares from dividend equivalents, with 762 and 16 shares withheld for related taxes at $59.81 per share.

Following these transactions, Jones reported updated direct and indirect holdings, and also disclosed 60 indirect shares held through a company 401(k) plan, where plan units reflect interests in Alcoa’s stock fund rather than standalone share trades.

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^*

Jones Tammi A

(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 & CHRO

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		3,884(1)	A	$0	57,470	D
Common Stock, par value $0.01 per share	02/23/2026		F		2,059(2)	D	$59.81	55,411	D
Common Stock, par value $0.01 per share	02/23/2026		A		77(3)	A	$59.81	55,488	D
Common Stock, par value $0.01 per share	02/23/2026		F		41(4)	D	$59.81	55,447	D
Common Stock, par value $0.01 per share	02/23/2026		A		1,463(1)	A	$0	12,714	I	By Spouse
Common Stock, par value $0.01 per share	02/23/2026		F		762(2)	D	$59.81	11,952	I	By Spouse
Common Stock, par value $0.01 per share	02/23/2026		A		29(3)	A	$59.81	11,981	I	By Spouse
Common Stock, par value $0.01 per share	02/23/2026		F		16(4)	D	$59.81	11,965	I	By Spouse
Common Stock, par value $0.01 per share								60(5)	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. Shares acquired pursuant to stock settlement of dividend equivalents accumulated in cash and converted to stock upon the vesting and settlement of the underlying PRSUs, granted in 2023, based on the share price at the time of vesting.

4. Represents the withholding of shares by the issuer to satisfy the reporting person's tax obligations upon stock settlement of dividend equivalents accumulated in cash and converted to stock upon the vesting and settlement of the underlying PRSUs, granted in 2023, based on the share price at the time of vesting.

5. 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 Tammi A. Jones	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 did Alcoa (AA) executive Tammi Jones report in this Form 4 filing?

Tammi A. Jones reported equity compensation activity, including vested performance restricted stock units and related tax-withholding share dispositions. The filing updates her direct, spousal, and 401(k) indirect holdings in Alcoa common stock based on awards originally granted in 2023.

How many Alcoa (AA) shares did Tammi Jones acquire through PRSU vesting?

She acquired 3,884 Alcoa shares from earned performance restricted stock units granted in 2023, plus 77 shares from stock-settled dividend equivalents. These awards reflect previously granted incentive compensation becoming shares upon vesting, rather than open-market purchases of stock.

What do the tax-withholding transactions in the Alcoa (AA) Form 4 represent?

The tax-withholding entries show Alcoa retaining 2,059 and 41 shares for Jones, and 762 and 16 shares for her spouse, at $59.81 per share. These dispositions satisfy tax obligations tied to the vesting and settlement of the 2023 performance stock unit awards.

How are Tammi Jones’s spouse’s Alcoa (AA) holdings reflected in the Form 4?

The filing shows indirect ownership "By Spouse," including shares acquired from vested performance units and dividend equivalents, and shares withheld for taxes. These indirect positions are reported separately from Jones’s direct holdings to distinguish spousal ownership from her personally held stock.

What does the 401(k) disclosure mean for Alcoa (AA) shares in this Form 4?

The Form 4 reports 60 indirectly owned shares through a company 401(k) plan. A footnote explains that fluctuations reflect the plan’s unit reporting method, where units represent interests in Alcoa’s stock fund rather than ordinary market trades of common stock.

Does this Alcoa (AA) Form 4 indicate open-market buying or selling by Tammi Jones?

The transactions are described as grants, awards, dividend-equivalent settlements, and share withholdings for taxes, not open-market buys or sells. Codes A and F indicate equity compensation vesting and tax payments using shares originally granted in 2023.