Corporate GovernanceMay 11, 2026, 04:38 PM
Alcoa Stockholders Approve Amended Incentive Plan, Elect Directors
AI Summary
Alcoa Corporation held its 2026 Annual Meeting of Stockholders, where shareholders approved the Alcoa Corporation Stock and Incentive Compensation Plan (as Amended and Restated). This plan increases the number of shares authorized for issuance from 30,000,000 to 38,000,000 and extends the plan term to May 6, 2036. Additionally, stockholders elected all 11 director nominees, ratified PricewaterhouseCoopers LLP as the independent auditor for 2026, and approved the 2025 named executive officer compensation on an advisory basis.
Key Highlights
- Stockholders approved the Alcoa Corporation Stock and Incentive Compensation Plan (Amended and Restated).
- Authorized shares for the incentive plan increased from 30,000,000 to 38,000,000.
- The Amended Plan's term was extended to May 6, 2036.
- All 11 director nominees were elected for a one-year term.
- PricewaterhouseCoopers LLP was ratified as the independent auditor for 2026.
- The 2025 named executive officer compensation was approved on an advisory basis.
Price Impact
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