Sundar PichaiSundar Pichai earned $164M in 2023

Roy C. Harvey has been leading Alcoa Corporation since November 2016, after serving in various key roles since joining the company in 2002. Before he became CEO, he played major roles as Executive Vice President and President of Alcoa's Global...

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Roy C. Harvey

Ex-CEO of Alcoa

Education

Bachelor's degree in Finance and an MBA

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Basic Materials

Born

September 12, 1977 - 47 years ago

CEO of Alcoa for

6 years 10 months (Nov 2016 - Sep 2023)

Previous Experience

Various roles at Alcoa Inc. including Chief Operating Officer and Chief Financial Officer

Holdings

See how much did Roy C. Harvey make over time.

During his time at Alcoa, Roy C. Harvey made significant stock trades, seeing fluctuations that mirrored industry trends. For instance, his insider trading data shows he sold shares worth $33.53 million in early 2022, highlighting a peak in his holdings...

Total Stock Sold

$23.84M

AA

$23.84M

506,184 AA shares

What if they kept their stock?

If Roy C. Harvey didn't sell their stock, today they would have:
Extra AA506,184 shares worth $5.89M.
This is -75.28% and $17.94M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Roy C. Harvey.

AA

$1.54M

AA at $51.34/share

Feb 8, 2023

Sale

AA

588,173 shares

AA

Jan 25, 2023

Received

AA

301,616 shares

AA

Jan 26, 2022

Received

AA

$14.47M

AA at $60.76/share

Jan 26, 2022

Sale

AA

$7.83M

AA at $32.91/share

Apr 20, 2021

Sale

AA

191,719 shares

AA

Jan 27, 2021

Received

AA

196,440 shares

AA

Jan 23, 2020

Received

AA

65,909 shares

AA

Jan 24, 2019

Received

AA

29,320 shares

AA

Jan 24, 2018

Received

AA

66,397 shares

AA

Feb 2, 2017

Received

Compensation History

See how much did Roy C. Harvey make over time.

In 2023, Roy C. Harvey's compensation faced significant changes due to performance metrics not being met. He received a total compensation of approximately $14.55 million, primarily driven by his salary and other benefits after his termination. This included a severance payment of about $2.40 million, as well as prorated incentive compensation for the year. His structure of pay was heavily impacted by the company’s performance, reflecting a philosophy of aligning executive pay with corporate results. In prior years, his total compensation had varied widely, with years like 2021 showcasing over $15.96 million, largely due to performance-based incentives. However, the lack of stock awards and bonuses in 2023 highlighted the volatility and risk associated with performance-based compensation.

Year

2023

Total Compensation

$4.02M

Salary

$1.20M

Board Justification

The compensation philosophy focuses on aligning pay with performance, retention, and driving stockholder value, with a significant portion of compensation tied to equity.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 due to performance metrics not being met.

Other

$2.82M

Board Justification

Includes severance payments, defined contribution plan payments, and other benefits following termination.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 due to termination and forfeiture of 2023 equity awards.

Performance Metrics

Performance metrics for 2023 were based on financial targets including Adjusted EBITDA and Free Cash Flow, which were not met.

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