Howmet Aerospace Inc. — Director's Dealing 2020

Dec 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Howmet Aerospace Inc. (HWM)
CIK: 0000004281
Period of Report: 2020-12-17

Reporting Person: PLANT JOHN C (Director, Chairman and Co-CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-17	Common Stock	M	60833	—	Acquired	833173	Direct
2020-12-17	Common Stock	F	25893	$26.96	Disposed	807280	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-17	Restricted Stock Units	$	M	60833	Disposed		Common Stock (60833)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500463	Indirect

Footnotes

F1: Each restricted stock unit converted into common stock on a one-for-one basis.

F2: Represents payment of tax liability by delivering or withholding shares incident to the vesting of a stock award issued in accordance with Rule 16b-3.

F3: Shares held in grantor retained annuity trusts (GRATS), each of which the reporting person is the trustee and beneficiary.

F4: These restricted stock units vested on December 17, 2020, upon satisfaction of the conditions that an Average Price (as defined in the Letter Agreement by and between Howmet Aerospace and Mr. Plant, dated as of August 1, 2019 and, to take into account the separation of the Howmet Aerospace, as set forth in the Employee Matters Agreement, dated as of March 31, 2020, by and between Howmet Aerospace and Arconic Corporation) of $34 per share is achieved, and the continued employment of Mr. Plant as Chief Executive Officer of Howmet through such date.