Form 4: Alight Inc. Director Erika Meinhardt Receives Shares in Lieu of Cash Retainer

Director Erika Meinhardt acquired 2,879 shares of Alight, Inc. Class A Common Stock in lieu of a cash retainer for board service.

Summary

• On June 28, 2024, Erika Meinhardt, a director of Alight, Inc., acquired 2,879 shares of Class A Common Stock.
• These shares were awarded in lieu of a $21,250 cash retainer for her services as a board member.
• The share price used for the calculation was $7.38, the closing price of Alight, Inc.'s ordinary shares on June 28, 2024.
• Following the transaction, Meinhardt directly owns 97,687 shares of Class A Common Stock and indirectly owns 10,000 shares through a trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction indicating director alignment with shareholder interests. No significant negative implications are apparent.

Positives

• The director's decision to take shares instead of cash demonstrates confidence in the company's future.

Industry Context

Directors often receive compensation in the form of stock to align their interests with those of shareholders. This transaction is a routine part of director compensation.

Comparison to Industry Standards

• Director compensation packages vary widely across industries and company sizes.
• Stock awards are a common component of director compensation, particularly in publicly traded companies.
• Comparing Alight, Inc.'s director compensation structure to similar companies in the HR solutions and technology services sectors would provide a more detailed benchmark.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates