Alcoa Management

Management criteria checks 2/4

Alcoa's CEO is Bill Oplinger, appointed in Sep 2023, has a tenure of 1.17 years. total yearly compensation is $4.71M, comprised of 18.3% salary and 81.7% bonuses, including company stock and options. directly owns 0.082% of the company’s shares, worth MX$200.20M. The average tenure of the management team and the board of directors is 1.5 years and 4 years respectively.

Key information

Bill Oplinger

Chief executive officer

US$4.7m

Total compensation

CEO salary percentage	18.3%
CEO tenure	1.2yrs
CEO ownership	0.08%
Management average tenure	1.5yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Oplinger's remuneration changed compared to Alcoa's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$292m
Jun 30 2024	n/a	n/a	-US$550m
Mar 31 2024	n/a	n/a	-US$672m
Dec 31 2023	US$5m	US$862k	-US$651m
Sep 30 2023	n/a	n/a	-US$896m
Jun 30 2023	n/a	n/a	-US$1b
Mar 31 2023	n/a	n/a	-US$823m
Dec 31 2022	US$4m	US$709k	-US$123m
Sep 30 2022	n/a	n/a	-US$120m
Jun 30 2022	n/a	n/a	US$963m
Mar 31 2022	n/a	n/a	US$723m
Dec 31 2021	US$5m	US$689k	US$429m
Sep 30 2021	n/a	n/a	US$817m
Jun 30 2021	n/a	n/a	US$431m
Mar 31 2021	n/a	n/a	-US$75m
Dec 31 2020	US$4m	US$671k	-US$170m
Sep 30 2020	n/a	n/a	-US$469m
Jun 30 2020	n/a	n/a	-US$641m
Mar 31 2020	n/a	n/a	-US$846m
Dec 31 2019	US$4m	US$651k	-US$1b
Sep 30 2019	n/a	n/a	-US$771m
Jun 30 2019	n/a	n/a	-US$556m
Mar 31 2019	n/a	n/a	-US$144m
Dec 31 2018	US$5m	US$630k	US$250m
Sep 30 2018	n/a	n/a	US$3m
Jun 30 2018	n/a	n/a	US$122m
Mar 31 2018	n/a	n/a	US$187m
Dec 31 2017	US$5m	US$596k	US$279m

Compensation vs Market: Bill's total compensation ($USD4.71M) is about average for companies of similar size in the MX market ($USD5.72M).

Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.

CEO

Bill Oplinger (57 yo)

1.2yrs

Tenure

US$4,706,433

Compensation

Mr. William F. Oplinger, also known as Bill, serves as Member of Advisory Board at Ridgeline Royalties Inc. He had been Executive Vice President at Alcoa Corporation since November 1, 2016 until September...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Oplinger	President	1.2yrs	US$4.71m	0.082% MX$ 200.2m
Molly Beerman	Executive VP & CFO	1.8yrs	US$3.17m	0.034% MX$ 82.5m
Andrew Hastings	Executive VP & General Counsel	1.2yrs	US$820.82k	0.0084% MX$ 20.5m
Tammi Jones	Executive VP & Chief Human Resources Officer	4.6yrs	US$1.94m	0.020% MX$ 47.8m
Renato Bacchi	Executive VP & Chief Commercial Officer	2.8yrs	US$2.25m	0.022% MX$ 54.2m
Matthew Reed	Executive VP & COO	less than a year	no data	no data
Renee Henry	Senior VP	1.8yrs	no data	0.0025% MX$ 6.1m
Yolande Doctor	Director of Investor Relations	less than a year	no data	no data
Heather Hudak	Senior Vice President of Tax	5.8yrs	no data	no data
Louis Langlois	Senior Vice President of Treasury & Capital Markets	2.8yrs	no data	no data
Nicol Gagstetter	Executive VP & Chief External Affairs Officer	1.1yrs	no data	no data
Andrew Estel	Senior Vice President of Strategy	less than a year	no data	no data

1.5yrs

Average Tenure

50yo

Average Age

Experienced Management: AA1 *'s management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
William Oplinger	President	1.2yrs	US$4.71m	0.082% MX$ 200.2m
Steven Williams	Independent Non-Executive Chairman	8yrs	US$464.99k	0.037% MX$ 90.6m
James Hughes	Independent Director	8yrs	US$300.99k	0.014% MX$ 35.0m
John Bevan	Director	less than a year	no data	0.0049% MX$ 11.9m
Ernesto Zedillo de Leon	Independent Director	8yrs	US$299.63k	0.035% MX$ 85.9m
Mary Citrino	Independent Director	8yrs	US$320.99k	0.019% MX$ 45.8m
Carol Roberts	Independent Director	8yrs	US$317.49k	0.023% MX$ 55.8m
Thomas Gorman	Independent Director	3.5yrs	US$309.99k	0.0059% MX$ 14.3m
Alistair Field	Director	less than a year	no data	0.0015% MX$ 3.8m
Roberto de Oliveira Marques	Independent Director	1.8yrs	US$180.23k	0.0029% MX$ 7.2m
Pasquale Fiore	Independent Director	4.5yrs	US$300.99k	0.013% MX$ 30.8m
Jackson Roberts	Independent Director	2.5yrs	US$296.85k	0.0044% MX$ 10.8m

4.0yrs

Average Tenure

63.5yo

Average Age

Experienced Board: AA1 *'s board of directors are considered experienced (4 years average tenure).

Alcoa Management

Management criteria checks 2/4

Key information

Recent management updates

Executive VP & Chief Commercial Officer recently sold Mex$20m worth of stock

High number of new directors

Alcoa Corporation, Annual General Meeting, May 10, 2024

Alcoa Corporation Appoints Matthew Reed as Executive Vice President and Chief Operations Officer, Effective on January 1, 2024

Alcoa Corporation Announces Executive Changes

Alcoa Corporation Names Renato Bacchi as Executive Vice President and Chief Commercial Officer

Recent updates

Executive VP & Chief Commercial Officer recently sold Mex$20m worth of stock

Third quarter dividend of US$0.10 announced

Third quarter 2024 earnings released: EPS: US$0.39 (vs US$0.94 loss in 3Q 2023)

Alcoa Corporation Declares Quarterly Cash Dividend, Payable on November 15, 2024

Alcoa Corporation to Report Q3, 2024 Results on Oct 16, 2024

High number of new directors

Second quarter dividend of US$0.10 announced

Alcoa Corporation(ASX:AAI) dropped from S&P/ASX 300 Index

Alcoa Corporation (NYSE:AA) completed the acquisition of Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others.

Alcoa Corporation has filed a Follow-on Equity Offering.

Alcoa Corporation has filed a Follow-on Equity Offering.

Alcoa Corporation has filed a Follow-on Equity Offering.

Second quarter 2024 earnings released: EPS: US$0.11 (vs US$0.57 loss in 2Q 2023)

Alcoa Corporation to Report Q2, 2024 Results on Jul 17, 2024

First quarter dividend of US$0.10 announced

Alcoa Corporation Declares Quarterly Cash Dividend, Payable on June 7, 2024

First quarter 2024 earnings released: US$1.41 loss per share (vs US$1.30 loss in 1Q 2023)

First quarter 2024 earnings released: US$1.41 loss per share (vs US$1.30 loss in 1Q 2023)

Alcoa Corporation Provides Production Guidance for the Year 2024

Alcoa Corporation to Report Q1, 2024 Results on Apr 17, 2024

Alcoa Corporation, Annual General Meeting, May 10, 2024

Alcoa Corporation (NYSE:AA) made an offer to acquire Alumina Limited (ASX:AWC) from Allan Gray Australia Pty Ltd. and others for AUD 3.3 billion

Alcoa Corporation Declares Quarterly Cash Dividend on the Common Stock, Payable on March 21, 2024

Alcoa Provides Production Guidance for the Year 2024

Alcoa Corporation Announces Curtailment of Kwinana Alumina Refinery in Western Australia

Alcoa Corporation to Report Q4, 2023 Results on Jan 17, 2024

Alcoa Corporation Appoints Matthew Reed as Executive Vice President and Chief Operations Officer, Effective on January 1, 2024

Alcoa Corporation Welcomes Decisions That Support Western Australian Operations

Upcoming dividend of US$0.10 per share at 1.7% yield

Third quarter 2023 earnings released: US$0.94 loss per share (vs US$4.17 loss in 3Q 2022)

Alcoa Corporation Declares Quarterly Cash Dividend, Payable on November 17, 2023

Alcoa Corporation to Report Q3, 2023 Results on Oct 18, 2023

Alcoa Corporation Announces Executive Changes

Alcoa Corporation Declares Quarterly Cash Dividend, Payable on August 24, 2023

Alcoa Corporation Names Renato Bacchi as Executive Vice President and Chief Commercial Officer

Alcoa Corporation Announces Resignation of Kelly R. Thomas as Executive Vice President and Chief Commercial Officer, Effective August 1, 2023

Alcoa Corporation Provides Production Guidance for the Full Year of 2023

Second quarter 2023 earnings released: US$0.57 loss per share (vs US$3.02 profit in 2Q 2022)

Alcoa Corporation to Report Q2, 2023 Results on Jul 19, 2023

Alcoa Corporation Declares Quarterly Cash Dividend, Payable on June 2, 2023

First quarter 2023 earnings released: US$1.30 loss per share (vs US$2.55 profit in 1Q 2022)

Full year 2022 earnings released: US$0.68 loss per share (vs US$2.31 profit in FY 2021)

President recently sold Mex$29m worth of stock

Executive VP & General Counsel recently sold Mex$16m worth of stock

Full year 2022 earnings released: US$0.56 loss per share (vs US$2.31 profit in FY 2021)

Alcoa Corporation Announces Executive Changes, Effective February 1, 2023

Alcoa Corporation to Report Q4, 2022 Results on Jan 18, 2023

Upcoming dividend of US$0.10 per share

Alcoa Corporation Revises Production Guidance for the Full Year 2022 and Provides Earnings Guidance for the Fourth Quarter of 2022

Third quarter 2022 earnings released: US$4.17 loss per share (vs US$1.80 profit in 3Q 2021)

Alcoa Corporation Revises Production Guidance for the Full Year 2022 and Provides Earnings Guidance for the Fourth Quarter of 2022

Investor sentiment improved over the past week

Alcoa Corporation to Report Q3, 2022 Results on Oct 19, 2022

Alcoa Corporation Announces Resignation of James E. Nevels as Director of the Board

Investor sentiment deteriorated over the past week

Alcoa Corporation Announces Innovations in Alloy Development and Deployment

Upcoming dividend of US$0.10 per share

Alcoa Corporation Declares Quarterly Cash Dividend, Payable on August 25, 2022

Second quarter 2022 earnings released: EPS: US$3.01 (vs US$1.65 in 2Q 2021)

Alcoa Corporation Provides Production Guidance for the Year 2022

Alcoa Reportedly in Portland Smelter Sale Talks

Alcoa Corporation Announces Partial Curtailment At Warrick Smelter in Indiana

Alcoa Corporation to Report Q2, 2022 Results on Jul 20, 2022

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: US$2.55 (vs US$0.94 in 1Q 2021)

Alcoa Corporation Declares Quarterly Cash Dividend, Payable on June 3, 2022

South32 Limited (ASX:S32) completed the acquisition of additional 18.2% stake in MRN Bauxite Mine from Alcoa Corporation (NYSE:AA).

Now 27% undervalued

First quarter 2022 earnings released: EPS: US$2.54 (vs US$0.94 in 1Q 2021)