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Arconic announces grant of restricted stock units to new CEO and COO under NYSE rule

Feb 18, 2019 - Global Banking News

Arconic Inc (NYSE:ARNC) reported on Saturday that it granted an award of restricted stock units to new chief executive officer (CEO) John C. Plant and to new chief operating officer Elmer L. Doty, under the employment inducement exemption under the NYSE's Listed Company Manual Rule 303A.08, which requires public announcement of inducement awards as well.

Plant was awarded 1,000,000 units as per the company's letter agreement dated 13 February 2019, while Doty was awarded 385,000 units as p...