EVP John Malcolm Donnan sells 18,461 KALU shares at $125.08; stock at $132.12 current price
JOHN MALCOLM DONNAN, EVP, CAO and GC, sold 18,461 shares of KAISER ALUMINUM CORP at $125.08 on 2026-02-23 for a total value of $2,309,024.34, reducing his holdings from 40,666 shares to 22,205 shares, a reduction of 45.4% relative to pre-transaction holdings. The sale occurred at a price 5.4% below the current market price of $132.12 and well below the 52-week high of $144.71. Kaiser Aluminum is currently valued at $2,141,723,729.16 with a P/E of 13.63, trailing revenue of $843,500,000.00, and net income of $39,500,000.00, supported by annual revenue growth of 11.5%. The stock has appreciated 7.0% over the past 30 days and 37.9% over the past 90 days. The scale and proportion of this transaction—a significant reduction of a named executive's equity stake during a period of positive momentum—merits standard monitoring to understand the underlying rationale for the divestment.