Alcoa (AA) Proxy filing summary

Voting matters and shareholder proposals

• Shareholders are asked to elect 11 director nominees for one-year terms expiring in 2027, with the board recommending a vote for each nominee.

• Ratification of PricewaterhouseCoopers LLP as independent auditor for 2026 is proposed, with board support.

• Advisory approval of 2025 named executive officer compensation is on the agenda.

• Approval of the amended and restated Stock and Incentive Compensation Plan is recommended.

Board of directors and corporate governance

• Eleven individuals are nominated for election to the board, each for a one-year term ending in 2027.

Executive compensation and say-on-pay

• Shareholders are asked to approve, on an advisory basis, the compensation of named executive officers for 2025.

• An updated Stock and Incentive Compensation Plan is presented for approval.