---
title: "Alcoa Shareholders Approve Expanded Incentive Plan, Reelect Board"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286002916.md"
description: "At its Annual Meeting on May 6, 2026, Alcoa shareholders approved an expanded Stock and Incentive Compensation Plan, increasing the share pool from 30 million to 38 million and extending the term to 2036. The plan includes a cash incentive section and a one-year minimum vesting period. Shareholders also re-elected all 11 board nominees and ratified PricewaterhouseCoopers as the independent auditor. Analysts rate Alcoa stock (AA) as a Buy with a $70 price target, citing strong profitability recovery despite some cash flow challenges."
datetime: "2026-05-11T22:04:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286002916.md)
  - [en](https://longbridge.com/en/news/286002916.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286002916.md)
---

# Alcoa Shareholders Approve Expanded Incentive Plan, Reelect Board

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Alcoa ( (AA) ) has provided an update.

At its Annual Meeting on May 6, 2026, Alcoa’s stockholders approved an amended and restated Stock and Incentive Compensation Plan that expands the share pool from 30 million to 38 million and extends the plan’s term to May 6, 2036. The updated plan adds a formal cash incentive award section, imposes a one-year minimum vesting or performance period for most awards, modernizes administrative provisions, caps non-employee director awards at an annual grant-date value of $750,000, and maintains a fungible design for share counting across equity instruments.

At the same May 6, 2026 meeting, shareholders re-elected all 11 board nominees for one-year terms, ratified PricewaterhouseCoopers LLP as the independent auditor for 2026, and approved the company’s 2025 executive compensation on an advisory basis. These voting outcomes reinforce Alcoa’s existing governance framework, support its long-term incentive structure, and signal broad shareholder backing for current leadership, compensation policies, and oversight of financial reporting.

The most recent analyst rating on (AA) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on Alcoa stock, see the AA Stock Forecast page.

**Spark’s Take on AA Stock**

According to Spark, TipRanks’ AI Analyst, AA is a Outperform.

AA scores in the mid-70s due to a strong profitability recovery and very solid balance sheet, reinforced by bullish price trend signals. Offsetting factors are weaker cash conversion/declining free cash flow and earnings-call-flagged cash and cost headwinds (negative Q1 FCF, higher environmental/ARO payments, alumina pressure and tariffs), with valuation only moderately supportive.

To see Spark’s full report on AA stock, click here.

**More about Alcoa**

Alcoa Corporation is a leading producer in the global aluminum industry, supplying primary aluminum, fabricated aluminum, and related products to industrial customers worldwide. The company focuses on bauxite mining, alumina refining, and aluminum smelting, and it supports its growth and talent retention strategy through equity-based and cash incentive compensation for employees and non-employee directors.

**Average Trading Volume:** 5,829,204

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $16.67B

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