Form 4: Alight Inc. Director Coretha M. Rushing Acquires Shares in Lieu of Cash Retainer

Director Coretha M. Rushing acquired 1,351 shares of Alight, Inc. Class A Common Stock on September 30, 2024, in lieu of a $10,000 cash retainer for board service.

Summary

• Coretha M. Rushing, a director of Alight, Inc., acquired 1,351 shares of Class A Common Stock on September 30, 2024.
• The acquisition was in lieu of a $10,000 cash retainer for her services as a board member.
• The shares were granted under the Alight, Inc. 2021 Omnibus Incentive Plan.
• The price per share was calculated at $7.40, the closing price of Alight's ordinary shares on September 30, 2024.
• Following the transaction, Rushing directly owns 29,372 shares of Class A Common Stock, which includes restricted stock units scheduled to vest in the future.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction. The director taking shares instead of cash is a mildly positive signal.

Positives

• The director's decision to take shares instead of cash may signal confidence in the company's future performance.
• The acquisition increases the director's alignment with shareholder interests.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment with company performance.

Comparison to Industry Standards

• Director compensation in the form of stock awards is a common practice among publicly traded companies to align the interests of directors with those of shareholders.
• The Alight, Inc. 2021 Omnibus Incentive Plan is a typical equity compensation plan used by companies to attract and retain talent.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to increased alignment of director and shareholder interests.

Key Dates