A Form 4 filed on November 3, 2026 discloses that Louis Fred Stephan, President and CEO of Kaiser Aluminum Corp, received two grants of restricted stock units on November 1, 2026, bringing his total direct beneficial ownership to 41,686 shares of common stock.

Key Highlights

  • Reporting person: Louis Fred Stephan, identified in the filing as President and CEO and a Director of Kaiser Aluminum Corp (NASDAQ:KALU).
  • First RSU grant: 27,229 restricted stock units acquired on November 1, 2026 at a price of $0, with all restrictions lapsing on March 5, 2029.
  • Second RSU grant: 14,457 restricted stock units acquired on November 1, 2026 at a price of $0, with 50% vesting on November 1, 2027 and the remaining 50% on November 1, 2028.
  • Total beneficial ownership: 41,686 shares of Common Stock, par value $0.01 per share, held directly following both transactions.
  • Plan: Both grants were made under the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan, as amended and restated, according to the filing.
  • Transaction codes: Both transactions are coded "A" (acquired), with no shares disposed of in this filing.

Stephan's November 2026 RSU Awards Under Kaiser Aluminum's 2021 Equity Plan

According to the Form 4 filed with the SEC on November 3, 2026, Louis Fred Stephan, who serves as both President and CEO and a Director of Kaiser Aluminum Corp, received two separate grants of restricted stock units on November 1, 2026. Both grants were made pursuant to the Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan, as amended and restated, and each was acquired at a price of $0.

The first grant consisted of 27,229 restricted stock units. The filing states that "all restrictions will lapse on March 5, 2029." The second grant consisted of 14,457 restricted stock units, with a split vesting schedule: restrictions on 50% of those units will lapse on November 1, 2027, and restrictions on the remaining 50% will lapse on November 1, 2028. Following both transactions, Stephan's total direct beneficial ownership in common stock, par value $0.01 per share, stands at 41,686 shares, as reported in the filing.

No derivative securities were reported in Table II. The filing was signed on November 3, 2026 by Cherrie I. Tsai, acting with power of attorney for Louis Fred Stephan. No amendment date is listed, indicating this is an original filing. The filing covers the period beginning with the earliest transaction date of November 1, 2026.

What Was Disclosed

Kaiser Aluminum Corp's President and CEO, Louis Fred Stephan, disclosed the receipt of two RSU grants totaling 41,686 shares on November 1, 2026, both at $0 cost, under the company's 2021 Equity and Incentive Compensation Plan, with vesting dates ranging from 2027 to 2029.