Howmet Aerospace (NYSE: HWM) VP moves 886 phantom stock units in plan

Rhea-AI Filing Summary

Howmet Aerospace reported an insider equity change by a vice president through a Form 4. On 12/01/2025, the officer disposed of 886 phantom stock units, which are each the economic equivalent of one share of Howmet Aerospace common stock. The filing shows these phantom units as derivative securities and indicates that 0 derivative securities remained beneficially owned after the transaction, all held directly.

The explanation notes that the phantom stock units had been acquired under the Howmet Aerospace Deferred Compensation Plan and were transferred into an alternative investment account within that plan, reflecting a change in how the deferred compensation is invested rather than an open-market trade in common stock.

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^*

CHANATRY MICHAEL NIEM

(Last) (First) (Middle)

201 ISABELLA STREET SUITE 200

(Street)

PITTSBURGH PA 15212-5872

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Howmet Aerospace Inc. [ HWM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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

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
Phantom Stock Units	(1)	12/01/2025		D			886	(2)	(2)	Common Stock	886	$136.06	0	D

Explanation of Responses:

1. Each phantom stock unit is the economic equivalent of one share of Howmet Aerospace common stock.

2. Phantom stock units were acquired under the Howmet Aerospace Deferred Compensation Plan. The phantom stock units were transferred into an alternative investment account under the plan.

	/s/ Margaret Lam, Assistant Secretary (Attorney-in-Fact)	12/03/2025
	** 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 Howmet Aerospace (HWM) disclose in this Form 4?

The filing discloses that a vice president of Howmet Aerospace disposed of 886 phantom stock units on 12/01/2025 under the company’s deferred compensation plan.

What are the phantom stock units mentioned for Howmet Aerospace (HWM)?

Each phantom stock unit is described as the economic equivalent of one share of Howmet Aerospace common stock, used within the company’s deferred compensation plan.

How were the Howmet Aerospace (HWM) phantom stock units handled in this transaction?

The 886 phantom stock units were transferred from the phantom stock account into an alternative investment account under the Howmet Aerospace Deferred Compensation Plan.

What was the reporting person’s derivative holdings after the Howmet Aerospace (HWM) transaction?

After the reported transaction on 12/01/2025, the Form 4 shows 0 derivative securities beneficially owned, held in a direct ownership form.

Who certified the Howmet Aerospace (HWM) Form 4 insider report?

The Form 4 was signed by Margaret Lam, Assistant Secretary, acting as Attorney-in-Fact for the reporting person on 12/03/2025.

What position does the reporting person hold at Howmet Aerospace (HWM)?

The reporting person is identified as an officer of Howmet Aerospace with the title Vice President.