ATI Inc. (NYSE: ATI) insider details PSU vesting, RSUs and tax shares
Rhea-AI Filing Summary
ATI Inc. Senior VP and CDIO Timothy J. Harris reported several equity compensation transactions dated January 5, 2026. He received 2,677 restricted stock units that will settle in shares under ATI’s 2022 Incentive Plan, and performance stock units granted in 2022 were partially settled into 70,442 shares of common stock after the Compensation and Leadership Development Committee certified performance goals.
Performance-vested restricted stock units granted in 2023, tied to total shareholder return from 2023–2025, were also settled into 46,318 shares. To cover taxes on these vestings and on earlier restricted stock awards, the company withheld 30,918, 20,283, and 3,359 shares at a price based on the average high and low ATI trading prices on the New York Stock Exchange on January 5, 2026. After these transactions, Harris directly owned 163,187 shares of ATI common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 25,641 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.10 per share | 2,677 | $0.00 | -- |
| Exercise | Common Stock, par value $0.10 per share | 70,442 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.10 per share | 30,918 | $121.08 | $3.74M |
| Grant/Award | Common Stock, par value $0.10 per share | 46,318 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.10 per share | 20,283 | $121.08 | $2.46M |
| Tax Withholding | Common Stock, par value $0.10 per share | 3,359 | $121.08 | $407K |
Footnotes (1)
- Award of restricted stock units, which are settled in shares of stock upon vesting. The award vests in three equal annual installments on each of the first three anniversaries of the grant date. Awarded under the Issuer's 2022 Incentive Plan. Settlement of one-half of certain Performance Stock Units awarded in 2022 ("2022 Breakout Performance Units"), each of which represented a contingent right to receive shares of the Issuer's Common Stock if the Issuer's Common Stock achieved specified target market prices (based on a 20-trading day average) on the New York Stock Exchange ("NYSE") for at least 20 consecutive trading days (the "20-day Average Market Price") prior to December 31, 2025, up to a maximum of three shares per Unit. The shares underlying one-half of the 2022 Breakout Performance Units became payable as of January 5, 2026 following certification of the Issuer's achievement of the relevant performance criteria by the Compensation and Leadership Development Committee of the Company's Board of Directors (the "CLDC"). The remaining half of the 2022 Breakout Performance Units are scheduled by their terms to become payable in early 2027. Shares withheld for the payment of taxes in connection with the settlement of 2022 Breakout Performance Units. Represents the average of the high and low trading prices for one share of the Issuer's Common Stock on the NYSE on January 5, 2026. Settlement of performance-vested restricted stock units that were granted in 2023, the vesting of which was contingent on the Issuer's total shareholder return relative to a specified peer group during the period from January 1, 2023 through December 31, 2025 (the "2023-2025 PSUs"). The shares underlying the 2023-2025 PSUs became payable as of January 5, 2026 following certification of the Issuer's achievement of the relevant performance criteria by the CLDC. Shares withheld for the payment of taxes in connection with the settlement of the 2023-2025 PSUs. Shares withheld for payment of taxes on restricted stock units awarded in 2023, 2024 and 2025. One third of each such award vested by the terms thereof on January 5, 2026.
FAQ
What insider activity did ATI (ATI) report for Timothy J. Harris on January 5, 2026?
ATI reported that Timothy J. Harris, Senior VP and CDIO, had multiple equity compensation events on January 5, 2026, including the settlement of performance stock units into common shares, a new restricted stock unit award, and share withholdings to pay taxes.
What performance-based awards for ATI (ATI) vested for Timothy J. Harris?
One-half of the 2022 Breakout Performance Units vested and were settled into 70,442 shares of common stock after ATI’s performance targets were certified. In addition, 46,318 shares were issued upon settlement of 2023–2025 performance-vested restricted stock units tied to total shareholder return.
What new restricted stock units did ATI grant to Timothy J. Harris?
ATI granted 2,677 restricted stock units to Timothy J. Harris. These units were awarded under the 2022 Incentive Plan and will be settled in shares upon vesting, in three equal annual installments on each of the first three anniversaries of the grant date.