Kaiser Aluminum (NASDAQ: KALU) director awarded new stock grants
Rhea-AI Filing Summary
STEBBINS DONALD J reported acquisition or exercise transactions in this Form 4 filing.
Kaiser Aluminum Corporation director Donald J. Stebbins reported new equity compensation awards in the company’s common stock. On June 4, 2026, he received 631 shares valued at $178.10 per share, taken in stock under the company’s 2021 Equity and Incentive Compensation Plan instead of his annual cash retainer for board and committee service.
He was also granted 786 shares of restricted stock under the same plan, with all restrictions scheduled to lapse on June 4, 2027. Following these awards, Stebbins directly holds 15,407 shares of Kaiser Aluminum common stock and indirectly holds 50 shares through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,417 shares
Net Buy
3 txns
Insider
STEBBINS DONALD J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 786 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.01 per share | 631 | $178.10 | $112K |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 15,407 shares (Direct);
Common Stock, par value $0.01 per share — 50 shares (Indirect, By Trust)
Footnotes (3)
- F1. Grant to the reporting person of restricted stock under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan, as amended and restated. All restrictions will lapse on June 4, 2027.
- F2. Stock received by the reporting person under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan, as amended and restated, at such person's election in lieu of all or a portion of the reporting person's annual cash retainer for serving as a member of the Board of Directors of Kaiser Aluminum Corporation and chair or a member of one or more committees of the Board of Directors.
- F3. Equal to the average closing price of the Issuer's common stock as reported by the Nasdaq Stock Market, LLC for the 20 trading days prior to June 4, 2026.
Key Figures
Stock award in lieu of cash: 631 shares at $178.10/share
Restricted stock grant: 786 shares
Direct holdings after transactions: 15,407 shares
+3 more
6 metrics
Stock award in lieu of cash
631 shares at $178.10/share
Award taken instead of annual cash retainer on June 4, 2026
Restricted stock grant
786 shares
Restrictions lapse June 4, 2027 under 2021 Equity and Incentive Compensation Plan
Direct holdings after transactions
15,407 shares
Common stock directly held by Donald J. Stebbins after June 4, 2026 awards
Indirect trust holdings
50 shares
Common stock held indirectly through a trust
Pricing reference period
20 trading days
Average closing price period used to set $178.10 per-share value
Plan name
2021 Equity and Incentive Compensation Plan
Governs both the restricted stock and stock-in-lieu awards
Key Terms
restricted stock, 2021 Equity and Incentive Compensation Plan, annual cash retainer, average closing price
4 terms
restricted stock financial
"Grant to the reporting person of restricted stock under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2021 Equity and Incentive Compensation Plan financial
"under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan, as amended and restated"
annual cash retainer financial
"in lieu of all or a portion of the reporting person's annual cash retainer for serving as a member of the Board of Directors"
average closing price financial
"Equal to the average closing price of the Issuer's common stock as reported by the Nasdaq Stock Market, LLC for the 20 trading days prior"
The average closing price is the arithmetic mean of a security’s end-of-day prices over a chosen period, found by adding each day’s closing price and dividing by the number of days. It smooths out daily ups and downs to show a typical market value—like averaging daily temperatures to understand a month’s climate—and helps investors spot trends, judge whether a stock is generally rising or falling, and make clearer buy or sell decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Donald J. Stebbins receive from KALU on June 4, 2026?
Donald J. Stebbins received two equity awards: 631 Kaiser Aluminum shares taken instead of cash board fees and 786 shares of restricted stock. Both awards were granted under the 2021 Equity and Incentive Compensation Plan.
When do the restrictions on Donald J. Stebbins’s KALU restricted stock lapse?
All restrictions on the 786 shares of restricted stock granted to Donald J. Stebbins lapse on June 4, 2027. After that date, these shares are expected to become fully vested under the plan’s terms.
Were Donald J. Stebbins’s June 4, 2026 KALU awards open-market purchases?
No, the transactions were equity awards, not open-market purchases. They were granted under the 2021 Equity and Incentive Compensation Plan, including stock received instead of cash retainers and a separate restricted stock grant.