Alcoa Corporation stockholders approved the Amended Stock and Incentive Compensation Plan at the 2026 Annual Meeting, increasing authorized shares from 30 million to 38 million and electing all 11 director nominees.
Key takeaways
Stockholders approved Alcoa Corporation Stock and Incentive Compensation Plan (as Amended and Restated) on May 6, 2026.
Authorized shares increased from 30,000,000 to 38,000,000 for awards including stock options, SARs, restricted shares, and cash incentives.
All 11 Board-nominated directors elected for one-year terms with overwhelming majorities (over 90% For votes).
New minimum one-year vesting for awards and plan term extended to May 6, 2036.
Non-employee director awards capped at $750,000 aggregate value per fiscal year based on grant date fair value.
Exhibit 99.1 contains full text of the Amended Plan.