Form 4: Alight Inc. Chief Technology Officer Receives Stock Grants
SEC Form 4 Filing
Alight Inc.'s Chief Technology Officer, Deepika Duggirala, was granted 26,509 restricted stock units (RSUs) as part of her appointment.
Summary
- Deepika Duggirala, Chief Technology Officer of Alight Inc., received 26,509 restricted stock units (RSUs) on January 15, 2025.
- These RSUs were granted under the company's 2021 Omnibus Incentive Plan in connection with her appointment as Chief Technology Officer.
- The RSUs are scheduled to vest in three approximately equal installments on January 15, 2026, January 15, 2027, and January 15, 2028.
- Following this transaction, Ms. Duggirala beneficially owns a total of 67,984 shares, including RSUs scheduled to vest in the future.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.
Positives
- The grant of RSUs aligns the Chief Technology Officer's interests with the long-term performance of the company.
- The vesting schedule encourages long-term commitment from the executive.
Industry Context
This type of equity grant is a common practice for incentivizing and retaining key executives in publicly traded companies.
Comparison to Industry Standards
- Equity grants, such as RSUs, are a standard component of executive compensation packages in the technology and services industries.
- Companies like Workday, Salesforce, and Oracle also use similar equity-based compensation to align executive interests with shareholder value.
- The vesting schedule of three years is also typical for these types of grants, ensuring long-term commitment from the executive.
Stakeholder Impact
- Shareholders may view this positively as it aligns the executive's interests with the company's long-term performance.
- Employees may see this as a sign of stability and commitment from the leadership team.
Key Dates
| Date | Description |
|---|---|
| 01/15/2025 | Date of the RSU grant to Deepika Duggirala. |
| 01/15/2026 | First vesting date for the granted RSUs. |
| 01/15/2027 | Second vesting date for the granted RSUs. |
| 01/15/2028 | Third vesting date for the granted RSUs. |
| 01/17/2025 | Date the form was signed by John A. Mikowski, Deputy General Counsel and Assistant Corporate Secretary, as Attorney-in-Fact. |
Keywords
RSU, Restricted Stock Units, Chief Technology Officer, Stock Grant, Equity Compensation, Alight Inc., Executive Compensation
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