# KAISER ALUMINUM CORP (KALU) — management_change/ceo [announced]
Source: sec.gov · situation sit_3b4add6d2b8cf6496f82 · public 4279430911658701504 · retrieved 2026-08-19T11:55:28.138Z

## Overview
"Resources - Manufacturing Processes" of this Form 10-K.

Chief Executive Officer Transition On August 17, 2026, Kaiser Aluminum Corporation (the "Company") announced that Fred Stephan will become the Chief Executive Officer and President of the Company, to succeed Keith A. Stephan is eligible for the following compensation: (i) an initial annual base salary of $1,150,000, (ii) an annual short-term cash incentive target of $1,440,000 (prorated for service in 2026), (iii) a long-term incentive target of $4,430,000 (beginning in 2027, with long-term incentive awards expected to be 50% performance-based), (iv) a grant of restricted stock units on the Effective Date with a target grant date value of $3,767,000 as a 2026 long-term incentive grant that will generally cliff vest on March 5, 2029, and (v) a sign-on grant of restricted stock units on the Effective Date with a target grant date value of $2,000,000, 50% of which will generally vest on the first anniversary of the Effective Date and the remaining 50% of which will generally vest on the second anniversar...

## Key dates
- Announced 2026-08-17

## Timeline
- 2026-08-17 · 8-K (0001193125-26-354093): 8-K - KAISER ALUMINUM CORP — *"Resources - Manufacturing Processes" of this Form 10-K.* Chief Executive Officer Transition On August 17, 2026, Kaiser Aluminum Corporation (the "Company") announced that Fred Stephan will become the Chief Executive Officer and President of the Company, to succeed Keith A. Stephan is eligible for the following compensation: (i) an initial annual base salary of $1,150,000, (ii) an annual short-term cash incentive target of $1,440,000 (prorated for service in 2026), (iii) a long-term incentive target of $4,430,000 (beginning in 2027, with long-term incentive awards expected to be 50% performance-based), (iv) a grant of restricted stock units on the Effective Date with a target grant date value of $3,767,000 as a 2026 long-term incentive grant that will generally cliff vest on March 5, 2029, and (v) a sign-on grant of restricted stock units on the Effective Date with a target grant date value of $2,000,000, 50% of which will generally vest on the first anniversary of the Effective Date and the remaining 50% of which will generally vest on the second anniversar...
  https://www.sec.gov/Archives/edgar/data/811596/0001193125-26-354093.txt

## Citations
- 0001193125-26-354093 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526354093