Senior VP and CDIO Harris Timothy J was granted 72,962 shares and covered exercise/tax liability with 35,488 shares, increasing direct ownership by 36% to 140,480 units (SEC Form 4)
$ATI
Steel/Iron Ore
Industrials
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ATI INC [ ATI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/03/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock, par value $0.10 per share | 01/03/2025 | A | 5,560(1) | A | $0(2) | 108,566 | D | |||
| Common Stock, par value $0.10 per share | 01/03/2025 | F | 2,692(3) | D | $55.81(4) | 105,874 | D | |||
| Common Stock, par value $0.10 per share | 01/06/2025 | F | 3,280(5) | D | $56.63(6) | 102,594 | D | |||
| Common Stock, par value $0.10 per share | 01/06/2025 | A | 67,402(7) | A | $0 | 169,996 | D | |||
| Common Stock, par value $0.10 per share | 01/06/2025 | F | 29,516(8) | D | $56.63(6) | 140,480 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. Award of restricted stock units, which are settled in shares of stock upon vesting. The award vests in three equal annual installments on each of the first three anniversaries of the grant date. |
| 2. Awarded under the Issuer's 2022 Incentive Plan. |
| 3. Shares withheld for payment of taxes on restricted stock units awarded in 2023 and 2024. One third of each such award vested by the terms thereof on January 3, 2025. |
| 4. Represents the average of the high and low trading prices for one share of the Issuer's Common Stock on the New York Stock Exchange ("NYSE") on January 3, 2025 |
| 5. Shares withheld for the payment of taxes on restricted stock units awarded in 2022. On third of such award vested by its terms on January 6, 2025. |
| 6. Represents the average of the high and low trading prices for one share of the Issuer's stock on the NYSE on January 6, 2025. |
| 7. Settlement of performance-vested restricted stock units that were granted in 2022, the vesting of which was contingent upon the Issuer's total shareholder return relative to a specified peer group during the period from January 1, 2022 through December 31, 2024 (the "2022-2024 PSUs"). The shares underlying the 2022-2024 PSUs became payable as of January 6, 2025 following certification of the Issuer's achievement of the relevant performance criteria by the Compensation and Leadership Development Committee of the Issuer's Board of Directors. |
| 8. Shares withheld for the payment of taxes in connection with the settlement of the 2022-2024 PSUs. |
| /s/ Amanda J. Skov, Attorney-in-Fact for Timothy J. Harris | 01/07/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||