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Howmet Aerospace VP Acquires 162 Phantom Stock Units

On October 1, 2024, Howmet Aerospace Inc. (HWM) filed an SEC Form 4 indicating a transaction by Vice President Michael Niem Chanatry. The filing, dated September 30, 2024, reports the acquisition of 162 phantom stock units, each equivalent to one share of Howmet Aerospace common stock, at a price of $100.25 per unit. These units were acquired under the company's Deferred Compensation Plan and will be paid out in cash upon termination of employment. Following this transaction, the stock is trading at $101.48, reflecting a 1.23% increase from the previous close of $100.25. This acquisition comes amid a backdrop of significant insider sales at Howmet, with recent transactions including sales by EVP Neil Edward Marchuk and CFO Ken Giacobbe, who sold shares worth $6.85 million and $14.96 million, respectively, in August 2024. The current stock price marks a new 52-week high, peaking at $101.6979 earlier today.

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