Michael Morris, Director at Alcoa Inc. (AA) closed a stock acquisition yesterday, in which he bought 30,120 shares of Common Stock for a weighted average price of $16.54 per share. While this is the insider’s first stock transaction at the $19.5 billion market cap industrial firm, and the most important in volume since the beginning of fiscal 2014, other company employees have been more active over the past quarter.
Last Tuesday, the company’s Chairman and Chief Executive Officer, Klaus Kleinfeld, unloaded 800,000 shares of Common Stock for a weighted average price of $16.08 per share, in addition to exercising his Employee Stock Options. On Wednesday, Sean Robert Collins, Vice President and Controller at Alcoa, disposed of 12,387 shares, paying a price of $16.43 per share, while Executive Vice President Christopher Roy Harvey completed a much larger disposition a few days prior. The insider unloaded 59,144 shares of the firm’s Common Stock, paying a weighted average price of $15.54 per share.