Alcoa (AA) Proxy filing summary

Voting matters and shareholder proposals

• Election of 11 director nominees to serve for one-year terms expiring in 2027, with board recommendation to vote for all nominees.

• Ratification of PricewaterhouseCoopers LLP as independent auditor for 2026, recommended for approval.

• Advisory approval of 2025 named executive officer compensation, recommended for approval.

• Approval of the amended and restated Stock and Incentive Compensation Plan, recommended for approval.

Board of directors and corporate governance

• Board consists of 11 nominees up for election to serve one-year terms, with individual voting for each nominee.

Executive compensation and say-on-pay

• Advisory vote on 2025 named executive officer compensation is included as a key agenda item.

• Proposal to approve the amended and restated Stock and Incentive Compensation Plan.