Alcoa shareholders approve amended equity plan, increase authorized shares to 38M

Alcoa Corp

• Amended Stock and Incentive Compensation Plan approved with 195.8M for, 2.3M against; shares increased from 30M to 38M.
• All 11 director nominees elected; James A. Hughes had 15.3M against votes (highest opposition).
• Advisory say-on-pay approved: 187.2M for, 10.9M against.
• Ratification of PwC as 2026 auditor passed with 216.0M for, 0.7M against.
• Plan amendments include one-year minimum vesting, cash incentive awards, director cap of $750k/year, term extended to 2036.

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