Form 4: Alight Inc. COO Rooney Reports Changes in Beneficial Ownership

Katie J. Rooney, Chief Operating Officer of Alight, Inc., reports transactions involving Class A Common Stock, Class V Common Stock, and various units, reflecting changes in beneficial ownership due to vesting and conversion events.

Summary

• Katie J. Rooney, the Chief Operating Officer of Alight, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
• The transactions occurred on July 2, 2024, and involve the conversion of Class Z-A, Class Z-B-1, and Class Z-B-2 shares and units into Class A, Class B-1, and Class B-2 shares and units, respectively.
• These conversions were triggered by the forfeiture of certain unvested Class A, Class B-1, and Class B-2 shares held by Alight's management.
• Rooney acquired 4,067 shares of Class A Common Stock and 480 shares of Class V Common Stock.
• She also acquired 480 Class A Units, 266 Class B-1 Common Stock, 31 Class B-1 Units, 266 Class B-2 Common Stock, and 31 Class B-2 Units.
• Additionally, there were conversions of derivative securities, including Class A Units, Class B-1 Common Stock, Class B-1 Units, Class B-2 Common Stock, and Class B-2 Units.
• The filing also indicates the forfeiture of Class Z-A Shares, Class Z-B-1 Shares, Class Z-B-2 Shares, Class Z-A Units, Class Z-B-1 Units, and Class Z-B-2 Units.
• Following these transactions, Rooney directly owns 2,928,604 shares of Class A Common Stock and indirectly owns 70,100 shares of Class V Common Stock through Tempo Management, LLC.
• She also directly owns 57,434 shares each of Class B-1 and Class B-2 Common Stock, and indirectly owns 2,281 units each of Class B-1 and Class B-2 through Tempo Management, LLC.
• The filing clarifies the nature of Class V, Class B-1, and Class B-2 shares and units, including their voting rights, conversion terms, and potential for dividend catch-up payments.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard equity compensation transactions. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard vesting and conversion activities related to equity compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal equity adjustments.

Key Dates