Howmet (HWM) EVP and CAO Neil Marchuk sells 41,932 shares in open-market trade

Rhea-AI Filing Summary

Howmet Aerospace Inc. executive Neil Edward Marchuk, EVP and CAO, reported an open-market sale of 41,932 shares of common stock. The shares were sold on May 11, 2026 at a weighted average price of $269.4967 per share across multiple trades priced from $266.03 to $271.76.

Following this transaction, Marchuk directly holds 65,105 Howmet Aerospace shares. In addition, a revocable trust for which he serves as trustee and beneficiary holds 10 shares, and he has both voting and investment power over those trust-held shares.

Insights

Insider trading analyst

Howmet executive executes sizable open-market sale but retains a substantial direct position.

Neil Edward Marchuk, EVP and CAO of Howmet Aerospace, sold 41,932 shares of common stock in an open-market transaction at a weighted average price of $269.4967 per share. The sale was executed through multiple trades between $266.03 and $271.76.

After this sale, Marchuk continues to hold 65,105 shares directly and an additional 10 shares via a revocable trust where he has voting and investment power. With no derivative positions reported in this filing, the visible exposure is entirely in common stock.

The transaction reflects a net disposition but leaves a meaningful remaining stake, suggesting this is a liquidity event rather than a full exit. Future company filings may provide additional context if further transactions occur or if his ownership level changes materially.

Insider Trade Summary

Net Seller: 41,932 shares ($11,300,536)

Net Sell 2 txns

Insider Marchuk Neil Edward

Role EVP, CAO

Sold 41,932 shs ($11.30M)

Type	Security	Shares	Price	Value
Sale	Common Stock	41,932	$269.4967	$11.30M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 65,105 shares (Direct, null); Common Stock — 10 shares (Indirect, By Trust)

Footnotes (1)

1. The price reported in column 4 is a weighted average price. The shares are sold in multiple transactions at prices from $266.03 to $271.76. The reporting person undertakes to provide Howmet Aerospace Inc. ("Howmet"), any security holder of Howmet, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote. Shares held in a revocable trust, of which the reporting person is trustee and beneficiary, and has voting and investment power.

Key Figures

Shares sold: 41,932 shares Weighted average sale price: $269.4967 per share Price range of trades: $266.03–$271.76 +2 more

5 metrics

Shares sold 41,932 shares Open-market sale of common stock on May 11, 2026

Weighted average sale price $269.4967 per share Common stock sale, multiple trades between $266.03 and $271.76

Price range of trades $266.03–$271.76 Range of individual trade prices within reported sale

Direct holdings after transaction 65,105 shares Common stock directly held following May 11, 2026 sale

Indirect trust holdings 10 shares Revocable trust where insider is trustee and beneficiary

Key Terms

weighted average price, revocable trust, open-market sale, voting and investment power

4 terms

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

revocable trust financial

"Shares held in a revocable trust, of which the reporting person is trustee and beneficiary"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

voting and investment power financial

"and has voting and investment power."

Form 4 Insider Transactions: What Each Field Means →

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^*

Marchuk Neil Edward

(Last) (First) (Middle)

201 ISABELLA STREET SUITE 200

(Street)

PITTSBURGH PENNSYLVANIA 15212-5872

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	EVP, CAO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/11/2026		S		41,932	D	$269.4967(1)	65,105	D
Common Stock								10	I	By Trust(2)

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. The price reported in column 4 is a weighted average price. The shares are sold in multiple transactions at prices from $266.03 to $271.76. The reporting person undertakes to provide Howmet Aerospace Inc. ("Howmet"), any security holder of Howmet, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

2. Shares held in a revocable trust, of which the reporting person is trustee and beneficiary, and has voting and investment power.

	/s/ Margaret Lam, Assistant Secretary (Attorney-in-Fact)	05/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Howmet Aerospace (HWM) report for Neil Edward Marchuk?

Howmet Aerospace reported that EVP and CAO Neil Edward Marchuk sold 41,932 shares of common stock in an open-market transaction. The sale occurred on May 11, 2026, and was disclosed in a Form 4 insider trading report.

At what price did Neil Edward Marchuk sell Howmet Aerospace (HWM) shares?

Neil Edward Marchuk sold Howmet Aerospace shares at a weighted average price of $269.4967 per share. The shares were sold in multiple transactions, with individual trade prices ranging from $266.03 to $271.76 during the reported trading day.

How many Howmet Aerospace (HWM) shares does Neil Edward Marchuk hold after this Form 4 filing?

After the reported sale, Neil Edward Marchuk directly holds 65,105 shares of Howmet Aerospace common stock. Additionally, a revocable trust for which he is trustee and beneficiary holds 10 shares, over which he has both voting and investment power.

What is the nature of Neil Edward Marchuk’s indirect ownership in Howmet Aerospace (HWM)?

Neil Edward Marchuk’s indirect ownership consists of 10 Howmet Aerospace shares held in a revocable trust. He serves as trustee and beneficiary of this trust and has both voting and investment power over these indirectly held shares.

Was Neil Edward Marchuk’s Howmet Aerospace (HWM) sale a market transaction?

Yes. The Form 4 describes Neil Edward Marchuk’s transaction as an open-market sale of common stock. The filing notes that the reported price is a weighted average for multiple trades executed within a specified price range.

Does the Howmet Aerospace (HWM) Form 4 show any derivative securities for Neil Edward Marchuk?

No derivative securities are listed for Neil Edward Marchuk in this Form 4. The filing only reports common stock transactions, indicating his visible position here consists solely of Howmet Aerospace common shares after the reported sale.