Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-23

Alcoa (AA)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$14,002,088
William Oplinger total, FY2025
31st
CEO pay percentile vs peers
132:1
CEO-to-median pay ratio
94.35%
Say-on-pay support, latest vote
Companies that benchmark against AA
6 companies name AA as a compensation peer

Each company listed discloses AA in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
William Oplinger$1,298,925$0$9,899,069$0$2,314,684$334,662$154,748$14,002,088
President and Chief Executive Officer
Molly Beerman694,38402,639,8800907,421094,8054,336,490
Executive Vice President and Chief Financial Officer
Matthew Reed691,32402,639,8800821,292096,7854,249,281
Executive Vice President and Chief Operations Officer
Andrew Hastings618,68201,540,5560629,1550293,3193,081,712
Executive Vice President and General Counsel
Renato Bacchi596,50501,540,5560651,956074,6642,863,681
Executive Vice President and Chief Commercial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
William Oplinger$14,002,088$4,706,433
Molly Beerman4,336,4903,166,893
Matthew Reed4,249,281
Andrew Hastings3,081,712820,815
Renato Bacchi2,863,6812,247,545

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Emily M. OlsonEVP & Chief Ext. Aff. Officer2026-04-15A8,760$0$0CommonForm 4 ↗
James A. HughesDirector2026-05-08A2,53200CommonForm 4 ↗
Jackson Prince RobertsDirector2026-05-08A2,53200CommonForm 4 ↗
Carol L. RobertsDirector2026-05-08A2,53200CommonForm 4 ↗
Thomas J. GormanDirector2026-05-08A2,53200CommonForm 4 ↗
Mary Anne CitrinoDirector2026-05-08A2,53200CommonForm 4 ↗
Pasquale FioreDirector2026-05-08A2,53200CommonForm 4 ↗
Brian R. GalovichDirector2026-05-08A2,53200CommonForm 4 ↗
Alistair FieldDirector2026-05-08A2,53200CommonForm 4 ↗
John A. BevanDirector2026-05-08A2,53200CommonForm 4 ↗
de Oliveira Marques RobertoDirector2026-05-08A2,53200CommonForm 4 ↗
Matthew ReedEVP, Chief Operations Officer2026-07-22D4,60047215,372CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Renato BacchiRSU2025-01-2915,950$560,324
Matthew ReedRSU2025-01-2927,330960,103
Renato BacchiPSU2025-02-2022,56045,120980,232
Andrew HastingsRSU2025-01-2915,950560,324
William OplingerPSU2025-02-20144,970289,9406,298,947
William OplingerRSU2025-01-29102,4803,600,122
Molly BeermanRSU2025-01-2927,330960,103
Matthew ReedPSU2025-02-2038,66077,3201,679,777
Molly BeermanPSU2025-02-2038,66077,3201,679,777
Andrew HastingsPSU2025-02-2022,56045,120980,232
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Renato Bacchi$560,324$980,232$063.6%
Matthew Reed960,1031,679,777063.6%
Andrew Hastings560,324980,232063.6%
William Oplinger3,600,1226,298,947063.6%
Molly Beerman960,1031,679,777063.6%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Molly BeermanRSU66,940$3,557,192
Matthew ReedPSU83,7304,449,412
William OplingerRSU202,39610,755,323
Andrew HastingsPSU48,3202,567,725
Matthew ReedRSU46,1502,452,411
Renato BacchiRSU43,8442,329,870
Andrew HastingsRSU34,8911,854,108
Renato BacchiPSU54,7602,909,946
Molly BeermanPSU83,7304,449,412
William OplingerPSU322,01017,111,611
05

Incentive-plan design — the Compensation Discussion & Analysis

We believe in a pay-for-performance philosophy that links executive compensation to the Company's measured performance in key financial and non-financial areas and the long-term interests of stockholders.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)
Independent consultantPay Governance
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-06187,195,11910,898,440314,63994.35%Passed
20252025-05-08169,751,47716,995,4456,140,93388.01%Passed
20232023-05-05125,747,6777,448,533349,49194.41%Passed
20222022-05-05128,808,0806,885,790327,13494.93%Passed
20212021-05-06109,199,40712,871,210315,74089.46%Passed
20202020-05-06104,699,41512,783,0452,132,85689.12%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-0694.35%a
20252025-05-0888.01%b
20232023-05-0594.41%c

a. Approved under the standard stated in the filing — “Proposal 3 --Approval, on an Advisory Basis, of the Company's 2025 Named Executive Officer Compensation "For," "Against," or "Abstain" "FOR" Majority of shares represented at the Annual Meeting and entitled to vote Abstentions have the effect of votes "against." Broker non-votes have no effect.”.

b. Approved under the standard stated in the filing — “Proposal 3 --Approval, on an Advisory Basis, of the Company's 2024 Named Executive Officer Compensation "For," "Against," or "Abstain" "FOR" Majority of shares represented at the Annual Meeting and entitled to vote Abstentions have the effect of votes "against." Broker non-votes have no effect.”.

c. Approved under the standard stated in the filing — “Broker non-votes and abstentions will have no impact, as they are not counted as votes cast for this purpose.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)132 : 1
CEO total compensation$14,002,088
Median employee compensation$106,009
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Thomas J. GormanIndependent · Board Chair · Audit$250,549$160,003$0$0$0$410,552
Mary Anne CitrinoIndependent · Audit · Governance and Nominating (Chair)161,000160,003000321,003
Carol L. RobertsIndependent · People and Compensation (Chair) · Safety, Sustainability and Public Issues152,713160,003000312,716
James A. HughesIndependent · Audit (Chair) · Governance and Nominating151,728160,003000311,731
Jackson P. RobertsIndependent · Governance and Nominating146,500160,003000306,503
Pasquale FioreIndependent · Audit · People and Compensation141,000160,003000301,003
Roberto O. MarquesIndependent · Audit137,132160,003000297,135
John A. BevanIndependent · Audit · Safety, Sustainability and Public Issues137,132160,003000297,135
Alistair FieldIndependent · People and Compensation · Safety, Sustainability and Public Issues130,000160,003000290,003
Ernesto ZedilloIndependent · Governance and Nominating130,000160,003000290,003
Steven W. WilliamsIndependent · Audit · Departed during FY108,0910000108,091
Brian R. GalovichIndependent · Newly elected000000
William F. OplingerEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$130,000
Annual equity retainer$160,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)27,500 / 20,000 / 16,500
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,645,845
Equity awards (grant-date value)$1,600,030
All other compensation$0
Total cost of the board$3,245,875

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Alcoa names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Alcoa.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Eastman Chemical Company2025Mark Costa$1,406,958$12,682,200$3,278,151$987,000$19,498,966
2Ecolab Inc.2025Christophe Beck1,390,0817,228,1014,566,9163,383,18317,404,935
3Packaging Corporation of America2025Mark Kowlzan1,539,39611,484,12303,100,70016,992,255
4Newmont Corporation2025Tom Palmer1,435,00010,094,35103,339,60415,625,168
5Nucor Corporation2025Leon J. Topalian1,560,0008,895,2732,000,0002,486,20314,945,471
6PPG Industries Inc.2025Timothy Knavish1,300,0007,333,5423,666,6901,924,00014,885,022
7International Paper Company2025Andrew Silvernail1,000,00012,174,81801,318,50014,838,324
8Freeport-McMoRan Inc.2025Kathleen Quirk1,400,00011,631,59001,400,70014,808,126
9Huntsman Corporation2025Peter R. Huntsman1,334,12510,513,39301,329,56114,666,623
10Alcoa2025William Oplinger1,298,9259,899,06902,314,68414,002,088
11Reliance, Inc.2025Karla Lewis1,325,0007,653,35002,072,30013,374,389
12Steel Dynamics, Inc.2025Mark Millett1,535,0005,095,40605,372,50012,059,908
13Air Products and Chemicals, Inc.2025Eduardo Menezes810,84610,918,5010011,809,287
14Celanese Corporation2025Scott Richardson5,249,9582,249,9901,342,62510,137,072
Commercial Metals Companynot in coverage universe
Cleveland-Cliffs Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Alcoa118.8%PSU 60 · RSU 40Yes — Relative TSRPay Governance
Air Products and Chemicals, Inc.not disclosedPSU 60 · RSU 40Yes — Relative TSR (compared to S&P 500 Index)Willis Towers Watson
Celanese Corporation93.4%PSU 70 · Options 30NoWillis Towers Watson PLC
Cleveland-Cliffs Inc.not disclosednot disclosednot disclosednot disclosed
Commercial Metals Companynot disclosednot disclosednot disclosednot disclosed
Eastman Chemical Company47%PSA 60 · Option 20 · RSU 20Yes — Relative total shareholder return (rTSR)Aon plc
Ecolab Inc.137%PSU 60 · Options 40Yes — relative TSRFW Cook
Freeport-McMoRan Inc.66.7%PSU 75 · RSU 25NoFW Cook
Huntsman Corporation70.6%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners
International Paper Company87.9%PSU 100Yes — Relative TSRFrederic W. Cook
Newmont Corporation155.15%PSU 67 · RSU 33not disclosedFW Cook
Nucor Corporation177.08%Cash LTI 50NoPearl Meyer
Packaging Corporation of America101%PSU 66 · RSU 33Yes — TSRFW Cook
PPG Industries Inc.93%MSU 34 · Options 33 · PSU 33NoFW Cook
Reliance, Inc.156.4%PSU 80 · RSU 20NoPay Governance LLC
Steel Dynamics, Inc.350%PSU 53 · RSU 47NoPearl Meyer & Partners, LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, William OplingerDEF 14A2026-03-190001193125-26-115997Section “Compensation Table”. As printed: 14,002,088. Filing ↗machine: t101 · r2 · c26 · span 2023002–2023012
2Section 01, Molly BeermanDEF 14A2026-03-190001193125-26-115997Section “Compensation Table”. As printed: 4,336,490. Filing ↗machine: span 2057520–2057529
3Section 01, Matthew ReedDEF 14A2026-03-190001193125-26-115997Section “Compensation Table”. As printed: 4,249,281. Filing ↗machine: span 2092198–2092207
4Section 01, Andrew HastingsDEF 14A2026-03-190001193125-26-115997Section “Compensation Table”. As printed: 3,081,712. Filing ↗machine: span 2125943–2125952
5Section 01, Renato BacchiDEF 14A2026-03-190001193125-26-115997Section “Compensation Table”. As printed: 2,863,681. Filing ↗machine: span 2160578–2160587
6Section 03, Renato Bacchi RSUDEF 14A2026-03-190001193125-26-115997Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t90 · r6 · c6 · span 1824686–1824692
7Section 03, Matthew Reed RSUDEF 14A2026-03-190001193125-26-115997Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t90 · r4 · c6 · span 1818676–1818682
8Section 03, Renato Bacchi PSUDEF 14A2026-03-190001193125-26-115997Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t90 · r6 · c4 · span 1823877–1823883
9Section 03, Andrew Hastings RSUDEF 14A2026-03-190001193125-26-115997Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t90 · r5 · c6 · span 1821688–1821694
10Section 03, William Oplinger PSUDEF 14A2026-03-190001193125-26-115997Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t90 · r2 · c4 · span 1811856–1811863
11Section 03, William Oplinger RSUDEF 14A2026-03-190001193125-26-115997Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t90 · r2 · c6 · span 1812666–1812673
12Section 03, Molly Beerman RSUDEF 14A2026-03-190001193125-26-115997Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t90 · r3 · c6 · span 1815672–1815678
13Section 03, Matthew Reed PSUDEF 14A2026-03-190001193125-26-115997Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t90 · r4 · c4 · span 1817867–1817873
14Section 03, Molly Beerman PSUDEF 14A2026-03-190001193125-26-115997Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t90 · r3 · c4 · span 1814863–1814869
15Section 03, Andrew Hastings PSUDEF 14A2026-03-190001193125-26-115997Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t90 · r5 · c4 · span 1820875–1820881
16Section 07, pay ratioDEF 14A2026-03-190001193125-26-115997Section “CEO Pay Ratio”. As printed: 132 : 1. Filing ↗machine: span 3506911–3506914
17Section 08, Thomas J. GormanDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 410,552. Filing ↗machine: t56 · r2 · c9 · span 1184510–1184517
18Section 08, Mary Anne CitrinoDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 321,003. Filing ↗machine: t56 · r4 · c9 · span 1193175–1193182
19Section 08, Carol L. RobertsDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 312,716. Filing ↗machine: t56 · r9 · c9 · span 1214897–1214904
20Section 08, James A. HughesDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 311,731. Filing ↗machine: t56 · r7 · c9 · span 1206228–1206235
21Section 08, Jackson P. RobertsDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 306,503. Filing ↗machine: t56 · r10 · c9 · span 1219290–1219297
22Section 08, Pasquale FioreDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 301,003. Filing ↗machine: t56 · r6 · c9 · span 1201838–1201845
23Section 08, Roberto O. MarquesDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 297,135. Filing ↗machine: t56 · r8 · c9 · span 1210621–1210628
24Section 08, John A. BevanDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 297,135. Filing ↗machine: t56 · r3 · c9 · span 1188783–1188790
25Section 08, Alistair FieldDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 290,003. Filing ↗machine: t56 · r5 · c9 · span 1197449–1197456
26Section 08, Ernesto ZedilloDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 290,003. Filing ↗machine: t56 · r11 · c9 · span 1223680–1223687
27Section 08, Steven W. WilliamsDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 108,091. Filing ↗machine: t56 · r12 · c3 · span 1225651–1225658
28Section 08, Brian R. GalovichDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 0. Filing ↗
29Section 08, William F. OplingerDEF 14A2026-03-190001193125-26-115997Section “Director Compensation”. As printed: 0. Filing ↗
30Section 02, Emily M. Olson 2026-04-15Form 42026-04-170001193125-26-161631Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, James A. Hughes 2026-05-08Form 42026-05-120001193125-26-219549Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Jackson Prince Roberts 2026-05-08Form 42026-05-120001193125-26-219581Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Carol L. Roberts 2026-05-08Form 42026-05-120001193125-26-219574Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Thomas J. Gorman 2026-05-08Form 42026-05-120001193125-26-219542Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Mary Anne Citrino 2026-05-08Form 42026-05-120001193125-26-219513Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Pasquale Fiore 2026-05-08Form 42026-05-120001193125-26-219527Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Brian R. Galovich 2026-05-08Form 42026-05-120001193125-26-219535Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Alistair Field 2026-05-08Form 42026-05-120001193125-26-219516Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, John A. Bevan 2026-05-08Form 42026-05-120001193125-26-219508Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, de Oliveira Marques Roberto 2026-05-08Form 42026-05-120001193125-26-219558Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Matthew Reed 2026-07-22Form 42026-07-230001193125-26-314153Insider equity transaction reported since the proxy statement. Filing ↗
42Section 06, 2026 voteForm 8-K2026-05-110001193125-26-216915Item 5.07 · say-on-pay result. As reported: 94.35% (votes for as printed: 187,195,119). Filing ↗
43Section 06, 2025 voteForm 8-K2025-05-130000950170-25-070438Item 5.07 · say-on-pay result. As reported: 88.01% (votes for as printed: 169,751,477). Filing ↗
44Section 06, 2023 voteForm 8-K2023-05-100001193125-23-140841Item 5.07 · say-on-pay result. As reported: 94.41% (votes for as printed: 125,747,677). Filing ↗
45Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
46Section 09b board cost (computed)ComputedcomputedCash 1,645,845 + equity 1,600,030 + all other 0 = 3,245,875, summed across the director compensation table rows.machine: formula: Σ = 3,245,875
47Eastman Chemical Company, Section 10b CEO totalDEF 14A2026-03-240000915389-26-000074CEO total compensation as printed in Eastman Chemical Company's own proxy. As printed: 19,498,966. Filing ↗machine: r2 · c27 · span 1263333–1263343
48Ecolab Inc., Section 10b CEO totalDEF 14A2026-03-200001104659-26-032777CEO total compensation as printed in Ecolab Inc.'s own proxy. As printed: 17,404,935. Filing ↗machine: t199 · r1 · c63 · span 2259065–2259075
49Packaging Corporation of America, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127602CEO total compensation as printed in Packaging Corporation of America's own proxy. As printed: 16,992,255. Filing ↗machine: span 363586–363596
50Newmont Corporation, Section 10b CEO totalDEF 14A2026-03-260001104659-26-035211CEO total compensation as printed in Newmont Corporation's own proxy. As printed: 15,625,168. Filing ↗machine: t254 · r8 · c25 · span 1803882–1803892
51Nucor Corporation, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127739CEO total compensation as printed in Nucor Corporation's own proxy. As printed: 14,945,471. Filing ↗machine: t120 · r3 · c39 · span 919349–919359
52PPG Industries Inc., Section 10b CEO totalDEF 14A2026-03-050000079879-26-000088CEO total compensation as printed in PPG Industries Inc.'s own proxy. As printed: 14,885,022. Filing ↗machine: span 1300546–1300556
53International Paper Company, Section 10b CEO totalDEF 14A2026-03-270001628280-26-021729CEO total compensation as printed in International Paper Company's own proxy. As printed: 14,838,324. Filing ↗machine: r2 · c9 · span 2931849–2931859
54Freeport-McMoRan Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-173666CEO total compensation as printed in Freeport-McMoRan Inc.'s own proxy. As printed: 14,808,126. Filing ↗machine: r3 · c27 · span 1150389–1150400
55Huntsman Corporation, Section 10b CEO totalDEF 14A2026-03-160001104659-26-028448CEO total compensation as printed in Huntsman Corporation's own proxy. As printed: 14,666,623. Filing ↗machine: span 1280707–1280717
56Alcoa (subject), Section 10b CEO totalDEF 14A2026-03-190001193125-26-115997CEO total compensation as printed in Alcoa's own proxy. As printed: 14,002,088. Filing ↗machine: t101 · r2 · c26 · span 2023002–2023012
57Reliance, Inc., Section 10b CEO totalDEF 14A2026-04-020001104659-26-039140CEO total compensation as printed in Reliance, Inc.'s own proxy. As printed: 13,374,389. Filing ↗machine: r1 · c42 · span 1142690–1142700
58Steel Dynamics, Inc., Section 10b CEO totalDEF 14A2026-03-270001104659-26-035826CEO total compensation as printed in Steel Dynamics, Inc.'s own proxy. As printed: 12,059,908. Filing ↗machine: t202 · r5 · c17 · span 991109–991119
59Air Products and Chemicals, Inc., Section 10b CEO totalDEF 14A2025-12-110001308179-25-000643CEO total compensation as printed in Air Products and Chemicals, Inc.'s own proxy. As printed: 11,809,287. Filing ↗machine: r2 · c24 · span 1181178–1181188
60Celanese Corporation, Section 10b CEO totalDEF 14A2026-03-040001306830-26-000052CEO total compensation as printed in Celanese Corporation's own proxy. As printed: 10,137,072. Filing ↗
61Section 10a, Packaging Corporation of America reciprocityDEF 14A0001193125-26-127602Packaging Corporation of America's most recent proxy was read; its disclosed peer group does not include Alcoa. Filing ↗
62Section 10a, Reliance, Inc. reciprocityDEF 14A0001104659-26-039140Reliance, Inc. names Alcoa in its own disclosed peer group (read from its most recent proxy). Filing ↗
63Section 10a, Newmont Corporation reciprocityDEF 14A0001104659-26-035211Newmont Corporation's most recent proxy was read; its disclosed peer group does not include Alcoa. Filing ↗
64Section 10a, Eastman Chemical Company reciprocityDEF 14A0000915389-26-000074Eastman Chemical Company's most recent proxy was read; its disclosed peer group does not include Alcoa. Filing ↗
65Section 10a, Air Products and Chemicals, Inc. reciprocityDEF 14A0001308179-25-000643Air Products and Chemicals, Inc.'s most recent proxy was read; its disclosed peer group does not include Alcoa. Filing ↗
66Section 10a, Celanese Corporation reciprocityDEF 14A0001306830-26-000052Celanese Corporation's most recent proxy was read; its disclosed peer group does not include Alcoa. Filing ↗
67Section 10a, Huntsman Corporation reciprocityDEF 14A0001104659-26-028448Huntsman Corporation's most recent proxy was read; its disclosed peer group does not include Alcoa. Filing ↗
68Section 10a, International Paper Company reciprocityDEF 14A0001628280-26-021729International Paper Company's most recent proxy was read; its disclosed peer group does not include Alcoa. Filing ↗
69Section 10a, Nucor Corporation reciprocityDEF 14A0001193125-26-127739Nucor Corporation's most recent proxy was read; its disclosed peer group does not include Alcoa. Filing ↗
70Section 10a, PPG Industries Inc. reciprocityDEF 14A0000079879-26-000088PPG Industries Inc.'s most recent proxy was read; its disclosed peer group does not include Alcoa. Filing ↗
71Section 10a, Ecolab Inc. reciprocityDEF 14A0001104659-26-032777Ecolab Inc.'s most recent proxy was read; its disclosed peer group does not include Alcoa. Filing ↗
72Section 10a, Freeport-McMoRan Inc. reciprocityDEF 14A0001193125-26-173666Freeport-McMoRan Inc.'s most recent proxy was read; its disclosed peer group does not include Alcoa. Filing ↗
73Section 10a, Steel Dynamics, Inc. reciprocityDEF 14A0001104659-26-035826Steel Dynamics, Inc. names Alcoa in its own disclosed peer group (read from its most recent proxy). Filing ↗