Alcoa Executive Compensation (FY25)

Name: Alcoa (AA) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

AA · Pittsburgh, PA · Executive and director compensation, fiscal 2023 to 2025

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Data as of September 21, 2026Latest filing (8-K): May 11, 2026

11 filings cited on this page

Method: intel.velarion.ai/methodology

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Alcoa brief$1,500Get the executive brief

203 figures on this page: 194 cited to the filing that reported them, 9 calculated from figures it prints. See the citations

Chief executive, fiscal 2025

◇

William Oplinger

Latest say-on-pay support

May 6, 2026

Chief executive pay ratio

◇

To the median employee

What changed from fiscal 2023 to fiscal 2025

The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.

Chief executive total compensation — William Oplinger: $4,706,433 → $14,002,088 (197.5% higher)

Say-on-pay support: 88.0% → 94.3% (6.3 points higher)

CEO pay ratio: 129:1 → 132:1 (2.3% higher)

Frequently asked questions

Answers drawn from the data on this page.

Who is Alcoa's chief executive and what were they paid?

Total compensation for William Oplinger, President and Chief Executive Officer, came to $14,002,088 in fiscal 2025. Oplinger's total was 197.5% higher than the $4,706,433 reported for fiscal 2023.

What was Alcoa's say-on-pay result?

The say-on-pay proposal drew 94.3% of votes cast including abstentions in favor at the meeting held May 6, 2026 for fiscal 2025.

Which companies are in Alcoa's peer group?

The disclosed peer group names Air Products and Chemicals, Inc., Celanese Corporation, Cleveland-Cliffs Inc., Commercial Metals Company and Eastman Chemical Company, among others.

What is Alcoa's chief executive pay ratio?

The disclosed chief executive pay ratio for fiscal 2025 is 132:1, against median employee compensation of $106,009.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Roy Harvey Former President and Chief Executive Officer Departed during or after this year	◇	—	◇	—	◇	◇	◇	◇
William Oplinger President and Chief Executive Officer	◇	—	◇	—	◇	◇	◇	◇
Molly Beerman Executive Vice President and Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇
Renato Bacchi Executive Vice President and Chief Commercial Officer	◇	—	◇	—	◇	—	◇	◇
Jeffrey Heeter Former Executive Vice President and General Counsel Departed during or after this year	◇	—	◇	—	◇	◇	◇	◇
Tammi Jones Executive Vice President and Chief Human Resources Officer	◇	—	◇	—	◇	—	◇	◇
Kelly Thomas Former Executive Vice President and Chief Commercial Officer Departed during or after this year	◇	—	◇	—	—	—	◇	◇
Andrew Hastings Executive Vice President and General Counsel	◇	◇	◇	—	◇	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
William Oplinger President and Chief Executive Officer	◇	—	◇	—	◇	◇	◇	◇
Molly Beerman Executive Vice President and Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇
Matthew Reed Executive Vice President and Chief Operations Officer	◇	—	◇	—	◇	—	◇	◇
Andrew Hastings Executive Vice President and General Counsel	◇	—	◇	—	◇	—	◇	◇
Renato Bacchi Executive Vice President and Chief Commercial Officer	◇	—	◇	—	◇	—	◇	◇

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2025

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Andrew Hastings	RSU	◇	—	—	◇	—	—	◇
Andrew Hastings	PSU	◇	—	◇	—	◇	—	◇
Matthew T. Reed	RSU	◇	—	—	◇	—	—	◇
Matthew T. Reed	PSU	◇	—	◇	—	◇	—	◇
Molly S. Beerman	RSU	◇	—	—	◇	—	—	◇
Molly S. Beerman	PSU	◇	—	◇	—	◇	—	◇
Renato Bacchi	RSU	◇	—	—	◇	—	—	◇
Renato Bacchi	PSU	◇	—	◇	—	◇	—	◇
William F. Oplinger	PSU	◇	—	◇	—	◇	—	◇
William F. Oplinger	RSU	◇	—	—	◇	—	—	◇

Fiscal 2023 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2025 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Andrew Hastings	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Renato Bacchi	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
Matthew Reed	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
Molly Beerman	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
William Oplinger	RSU	◇	◇	—	—
	PSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Thomas J. Gorman Board chair	◇	◇	—	—	—	—	◇
Mary Anne Citrino	◇	◇	—	—	—	—	◇
Carol L. Roberts	◇	◇	—	—	—	—	◇
James A. Hughes	◇	◇	—	—	—	—	◇
Jackson P. Roberts	◇	◇	—	—	—	—	◇
Pasquale Fiore	◇	◇	—	—	—	—	◇
Roberto O. Marques	◇	◇	—	—	—	—	◇
John A. Bevan	◇	◇	—	—	—	—	◇
Ernesto Zedillo	◇	◇	—	—	—	—	◇
Alistair Field	◇	◇	—	—	—	—	◇
Steven W. Williams	◇	—	—	—	—	—	◇

Brian R. Galovich and William F. Oplinger served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Board equity retainer	◇
Total board retainer	◇
Board chair premium	◇
Audit committee chair	◇
Audit committee member	◇
Compensation committee chair	◇
Nominating and governance chair	◇

Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2025

Air Products and Chemicals, Inc. APD
Celanese Corporation CE
Cleveland-Cliffs Inc. CLF
Commercial Metals Company CMC
Eastman Chemical Company EMN
Ecolab Inc. ECL
Freeport-McMoRan Inc. FCX
Huntsman Corporation HUN
International Paper Company IP
Newmont Corporation NEM
Nucor Corporation NUE
Packaging Corporation of America PKG
PPG Industries Inc. PPG
Reliance, Inc. RS
Steel Dynamics, Inc. STLD
United States Steel Corporation X

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	May 6, 2026	=	◇	◇	◇
2024	May 8, 2025	=	◇	◇	◇
2022	May 5, 2023	=	◇	◇	◇
2021	May 5, 2022	=	◇	◇	◇
2020	May 6, 2021	=	◇	◇	◇
2019	May 6, 2020	=	◇	◇	◇
2018	May 8, 2019	=	◇	◇	◇
2017	May 9, 2018	=	◇	◇	◇
2016	May 10, 2017	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

What this page does not include

Everything above is a fact Alcoa disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Alcoa sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $1,500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $1,500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $1,200

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

Velarion Intelligence

Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

Inquire about access

Multiple companies at once

Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

203 figures on this page: 194 cited to the filing that reported them, 9 calculated from figures it prints.

194 cited to the filing

9 calculated from the filing

Documents cited

8-K, filed May 11, 2026
0001193125-26-216915
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed March 19, 2026
0001193125-26-115997
2025 Grants of Plan-Based Awards · 2025 Outstanding Equity Awards at Fiscal · 2025 Summary Compensation Table · Non-Employee Director Compensation Program
8-K, filed May 13, 2025
0000950170-25-070438
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed March 19, 2024
0001193125-24-071354
2023 Summary Compensation Table
8-K, filed May 10, 2023
0001193125-23-140841
8-K, filed May 11, 2022
0001193125-22-146914
8-K, filed May 11, 2021
0001193125-21-157634
8-K, filed May 11, 2020
0001193125-20-139115
8-K, filed May 14, 2019
0001193125-19-146554
8-K, filed May 15, 2018
0001193125-18-163437
8-K, filed May 15, 2017
0001193125-17-170710

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Velarion, “Alcoa executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/AA (accessed 2026).

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The Alcoa brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

Both reports for $2,400.

Get the executive brief Get the board briefNo account needed.

11 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Peers Alcoa discloses

The companies named in AA's own disclosed peer group.

Air Products and Chemicals, Inc.Celanese Corporation Commercial Metals Company Eastman Chemical Company Ecolab Inc.Freeport-McMoRan Inc.Huntsman Corporation International Paper Company Newmont Corporation Nucor Corporation Packaging Corporation of America PPG Industries Inc.Reliance, Inc.Steel Dynamics, Inc.

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

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Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}