Form 4: Alight, Inc. Director Erika Meinhardt Reports Changes in Beneficial Ownership

Director Erika Meinhardt reports acquisition of Alight, Inc. shares in lieu of cash retainer and holdings of restricted stock units.

Summary

• Erika Meinhardt, a director of Alight, Inc., filed a Form 4 disclosing changes in beneficial ownership of the company's stock.
• On September 30, 2024, Meinhardt acquired 2,871 shares of Class A Common Stock as a quarterly award in lieu of a $21,250 cash retainer for board service.
• The shares were granted under the Alight, Inc. 2021 Omnibus Incentive Plan.
• The share price used for the calculation was $7.40, the closing price on September 30, 2024.
• Meinhardt also indirectly owns 10,000 shares through a trust.
• Following the transaction, Meinhardt directly owns 121,714 shares of Class A Common Stock, including restricted stock units scheduled to vest in the future.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of a director's compensation in the form of stock. The director taking stock instead of cash is a mildly positive signal.

Positives

• Director's decision to take shares in lieu of cash may signal confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows a director's continued investment in the company.

Key Dates