Form 4: Alight Inc. CEO Stephan Scholl Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Alight Inc.'s CEO, Stephan Scholl, disposed of 95,524 shares of Class A Common Stock to cover tax liabilities upon the vesting of restricted stock units.
Summary
- On March 10, 2024, Stephan Scholl, the CEO of Alight, Inc., disposed of 95,524 shares of Class A Common Stock.
- The disposal was executed to cover tax liabilities incurred upon the vesting of previously reported restricted stock units.
- The shares were relinquished by Scholl and cancelled by Alight in exchange for the company's agreement to pay federal and state tax withholding obligations.
- The price per share for the transaction was $9.11.
- Following the transaction, Scholl beneficially owns 8,209,631 shares, including restricted stock units scheduled to vest in the future and shares of Class A common stock subject to certain restrictions.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of transaction: Disposal of Class A Common Stock. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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