Mark J. Vrablec - May 26, 2021 Form 4 Insider Report for Arconic Corp (ARNC)

Role: EVP & CCO
Signature: Adam Wheeler, Assistant General Counsel and Assistant Corporate Secretary by Power of Attorney
Stock symbol: ARNC
Transactions as of: May 26, 2021
Transactions value $: $2,626
Form type: 4
Date filed: 5/28/2021, 05:19 PM
Previous filing: May 24, 2021
Next filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARNC	Common Stock	Sale	-$195K	-5.5K	-28.34%	$35.40	13.9K	May 26, 2021	By Trust for the Benefit of the Reporting Person	F1
transaction	ARNC	Common Stock	Sale	-$177K	-5K	-31.25%	$35.40	11K	May 26, 2021	By Trust for the Benefit of the Reporting Person's Spouse	F1
transaction	ARNC	Common Stock	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$372K	+10.5K	+542.08%	$35.44	12.4K	May 26, 2021	By Company 401(k) Plan	F1
transaction	ARNC	Common Stock	Sale	-$187K	-5.3K	-38.12%	$35.25	8.6K	May 28, 2021	By Trust for the Benefit of the Reporting Person	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ARNC	Phantom Stock	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$189K	+5.35K	+682.27%	$35.34	6.13K	May 26, 2021	Common Stock	5.35K		By Company Deferred Compensation Plan	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Mr. Vrablec engaged in the reported transactions in the context of rebalancing various components of his investment portfolio while maintaining his aggregate investment in Arconic Corporation (the Company). Mr. Vrablec sold 15,800 shares held indirectly in personal trusts and entered into offsetting purchases of 10,500 shares in his 401(k) plan account and 5,349 shares in his deferred compensation plan account. Mr. Vrablec notified the Company prior to effecting the foregoing transactions, and reimbursed the Company in the amount of $322.94, which is the total amount of short swing profits resulting from the foregoing transactions. Such reimbursement constitutes the recovery by the Company of short swing profits in accordance with Section 16(b) of the Securities and Exchange Act of 1934, and does not constitute an admission by Mr. Vrablec of the use of, or intent to use, material non-public information or other information obtained by him by reason of his relationship with the Company in effecting the foregoing transactions.
F2	Each phantom stock unit is the economic equivalent of one share of Arconic Corporation common stock.
F3	Phantom stock units were acquired under the Arconic Corporation Deferred Compensation Plan and are to be paid out in cash after termination of employment. The reporting person may transfer the phantom stock into an alternative investment account under the Plan at times permitted under the Plan.