Form 4: Alight Inc. Director Coretha M. Rushing Acquires Shares in Lieu of Cash Retainer
SEC Form 4 Filing
Coretha M. Rushing, a director at Alight Inc., acquired 833 shares of Class A Common Stock on June 28, 2024, in lieu of a cash retainer for board service.
Summary
- On June 28, 2024, Coretha M. Rushing, a director of Alight Inc., acquired 833 shares of Class A Common Stock.
- The acquisition was made in lieu of a $6,153.85 cash retainer for her services as a member of the Board of Directors.
- The shares were granted pursuant to the Alight, Inc. 2021 Omnibus Incentive Plan.
- The number of shares was calculated by dividing the cash retainer by $7.38, the closing price of Alight's ordinary shares on June 28, 2024, and rounding up to the next whole share.
- Following the transaction, Rushing directly owns 3,571 shares of Alight Inc.
- John A. Mikowski, Deputy General Counsel and Assistant Corporate Secretary, signed the form as Attorney-in-Fact on July 1, 2024.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine transaction related to director compensation. The director taking shares instead of cash is a mildly positive signal.
Positives
- Director's decision to take shares instead of cash may signal confidence in the company's future.
Industry Context
Directors receiving shares in lieu of cash compensation is a common practice, aligning their interests with shareholders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of transaction: Coretha M. Rushing acquired 833 shares of Class A Common Stock. |
| 07/01/2024 | Date of signature: John A. Mikowski signed the form as Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.