ATI Inc. (NYSE: ATI) CFO settles performance stock and RSU awards
Rhea-AI Filing Summary
ATI Inc.'s SVP, Finance and CFO James Robert Foster reported multiple equity-related transactions on January 5, 2026. He received 3,127 restricted stock units that vest in three equal annual installments and 6,517 shares from performance-vested restricted stock units granted in 2023, both at a stated price of $0 under the company’s incentive plans.
The filing also shows settlement of 2022 performance stock units after the Compensation and Leadership Development Committee certified achievement of stock price targets, and settlement of 2023–2025 performance stock units tied to relative total shareholder return. To cover taxes on these vestings, 18,453, 2,835, and 2,256 shares were withheld at an average market price of $121.08 per share. Following these transactions, Foster directly beneficially owned 57,987 shares of ATI common stock.
Positive
- None.
Negative
- None.
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 | 3,127 | $0.00 | -- |
| Exercise | Common Stock, par value $0.10 per share | 42,265 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.10 per share | 18,453 | $121.08 | $2.23M |
| Grant/Award | Common Stock, par value $0.10 per share | 6,517 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.10 per share | 2,835 | $121.08 | $343K |
| Tax Withholding | Common Stock, par value $0.10 per share | 2,256 | $121.08 | $273K |
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 transactions did ATI (ATI) report for its CFO on January 5, 2026?
The filing shows that ATI’s SVP, Finance and CFO James Robert Foster reported several equity transactions on January 5, 2026, including the settlement of performance stock units and restricted stock units, the receipt of new shares at a stated price of $0, and share withholdings to cover tax obligations.
What equity awards did ATI's CFO receive in this Form 4 filing?
The Form 4 shows an award of 3,127 restricted stock units that vest in three equal annual installments and 6,517 shares from performance-vested restricted stock units granted in 2023, each reported at a price of $0 and awarded under ATI’s incentive plans.
What are ATI's 2022 Breakout Performance Units mentioned in the Form 4?
The 2022 Breakout Performance Units are performance stock units that could pay up to three shares per unit if ATI’s stock met specified target market prices, based on a 20-trading-day average on the NYSE before December 31, 2025. One-half of these units became payable as of January 5, 2026 after the Compensation and Leadership Development Committee certified that the performance criteria were achieved, with the remaining half scheduled to become payable in early 2027.
What are ATI's 2023–2025 PSUs referenced in the ATI (ATI) Form 4?
The 2023–2025 PSUs are performance-vested restricted stock units granted in 2023, with vesting contingent on ATI’s total shareholder return relative to a specified peer group over the period from January 1, 2023 through December 31, 2025. Shares underlying these units became payable as of January 5, 2026 after certification of the performance results by the Compensation and Leadership Development Committee.