Alcoa Corp (AA)

William F.Oplinger Equity award

Molly S.Beerman Equity award

Matthew T. Reed Equity award

William F.Oplinger Equity award

Molly S.Beerman Equity award

Matthew T. Reed Equity award

William F. Oplinger — Severance Agreement | Base salary: $1,100,000 (annual rate for 2024).; Severance Multiples: Upon termination by the Company without 'Cause' or by the executive for 'Good Reason,' provides for a cash payment equal to 2.0x annual base salary and 2.0x target annual bonus.; Change-in-Control (CIC): Double-trigger protection providing 2.0x base salary and 2.0x target bonus upon qualifying termination within a defined period following a change in control.; Other Cash Payments: A lump sum payment of $50,000 in lieu of health and welfare benefits, perquisites, and outplacement services.; Bonus: Entitled to a pro-rata annual bonus for the year of termination based on actual Company performance.; Equity Vesting: In the event of an involuntary termination, provides for pro-rata vesting of time-based and performance-based equity awards (performance awards based on actual results); in a double-trigger CIC, time-based awards vest in full and performance awards vest based on target or actual performance depending on the timing of the CIC.; Non-compete/Non-solicit: Subject to a 24-month non-competition and non-solicitation period following termination of employment.

Molly S. Beerman — Severance Agreement | Base salary: $640,000 (annual rate for 2024).; Severance Multiples: Upon termination by the Company without 'Cause' or by the executive for 'Good Reason,' provides for a cash payment equal to 1.5x annual base salary and 1.5x target annual bonus.; Change-in-Control (CIC): Double-trigger protection providing 1.5x base salary and 1.5x target bonus upon qualifying termination within a defined period following a change in control.; Other Cash Payments: A lump sum payment of $50,000 in lieu of health and welfare benefits, perquisites, and outplacement services.; Bonus: Entitled to a pro-rata annual bonus for the year of termination based on actual Company performance.; Non-compete/Non-solicit: Subject to an 18-month non-competition and non-solicitation period following termination of employment.; Taxation: Agreements do not provide for excise tax gross-ups.