Alcoa Approves Amended Stock and Incentive Compensation Plan

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The Amended Plan, which was amended to increase the number of shares authorized for issuance from 30,000,000 to 38,000,000, also includes changes such as the addition of a cash incentive award section, minimum vesting requirements, and the elimination of outdated provisions. Additionally, all 11 director nominees nominated by the Alcoa Board of Directors were elected for a one-year term.

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About Alcoa Corporation

Alcoa Corporation is a premier global producer of aluminum, a key metal used extensively across various industries such as automotive, aerospace, construction, and packaging. Alcoa’s operations encompass the production of bauxite, mining, refining alumina, and the smelting and processing of aluminum products. Headquartered in Pittsburgh, Pennsylvania, Alcoa is known for its comprehensive supply chain management within the industry, contributing to its efficiency and competitive edge. The company holds a significant role in advancing sustainable practices in metal production, targeting reduced carbon emissions and increased recycling efforts. Innovations by Alcoa in aluminum solutions have made it pivotal in lightweighting applications, particularly in automotive and aerospace sectors, where reducing weight enhances fuel efficiency and performance. As one of the world's largest and most recognized aluminum companies, Alcoa Corporation contributes to global manufacturing capabilities, making it an integral player in both the primary and fabricated aluminum markets.