Alcoa (NYSE: AA) EVP Bacchi granted 9,340 RSUs vesting over 3 years

Rhea-AI Filing Summary

Alcoa Corporation’s EVP and Chief Commercial Officer Renato Bacchi received an award of 9,340 shares of common stock on January 28, 2026, reported as acquired at a price of $0.00 per share. These shares come from restricted stock units that settle in stock upon vesting.

The RSUs generally vest in three equal installments on the first, second, and third anniversaries of the grant date. Following this grant, Bacchi beneficially owns 75,175 shares of Alcoa common stock in direct form.

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)
01/28/2026

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		9,340(1)	A	$0.00	75,175	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 Renato Bacchi	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 Renato Bacchi?

Alcoa reported that EVP and Chief Commercial Officer Renato Bacchi acquired 9,340 shares of common stock via a restricted stock unit award. The grant was recorded on January 28, 2026, at a stated price of $0.00 per share, reflecting stock-based compensation rather than an open-market purchase.

How many Alcoa (AA) shares does Renato Bacchi own after this Form 4?

After the reported transaction, Renato Bacchi beneficially owns 75,175 shares of Alcoa common stock directly. This total includes the 9,340 shares tied to the new restricted stock unit award that will be delivered in stock as the units vest over time.

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

Renato Bacchi received an award of restricted stock units, or RSUs, which are settled in Alcoa common stock upon vesting. These RSUs represent a form of equity-based compensation rather than a cash bonus or option grant, aligning his interests with long-term share performance.

How do Renato Bacchi’s Alcoa (AA) RSUs vest over time?

The restricted stock units awarded to Renato Bacchi generally vest ratably over three years. Vesting occurs in three equal installments on the first, second, and third anniversaries of the grant date, with settled shares delivered as each portion of the RSUs vests.

Was the Alcoa (AA) RSU award to Renato Bacchi an open-market purchase?

No, the Form 4 shows the 9,340 Alcoa shares as acquired at a price of $0.00 per share, indicating a stock-based compensation grant. The shares relate to restricted stock units that will convert into stock upon vesting, rather than an ordinary market transaction.

What is Renato Bacchi’s role at Alcoa (AA) in this Form 4 filing?

In the filing, Renato Bacchi is identified as an officer of Alcoa, serving as Executive Vice President and Chief Commercial Officer. The reported RSU grant reflects compensation linked to this executive leadership role rather than a director or 10% owner position.