Form 4: Alight Inc. Director Kausik Rajgopal Reports Acquisition of Shares in Lieu of Cash Retainer

Director Kausik Rajgopal acquired 1,355 shares of Alight, Inc. Class A Common Stock on June 28, 2024, in lieu of a $10,000 cash retainer for board service.

Summary

• On June 28, 2024, Kausik Rajgopal, a director of Alight, Inc., acquired 1,355 shares of Class A Common Stock.
• This acquisition was in lieu of a $10,000 cash retainer for his services as a board member.
• The shares were granted pursuant to the Alight, Inc. 2021 Omnibus Incentive Plan.
• The share price used for the calculation was $7.38, the closing price of Alight's ordinary shares on June 28, 2024.
• Following the transaction, Rajgopal directly owns 41,292 shares, which includes restricted stock units scheduled to vest in the future.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director taking shares in lieu of cash is generally a good sign, indicating confidence in the company's future. The transaction itself is routine and expected.

Positives

• A director taking shares in lieu of cash demonstrates confidence in the company's future.
• The acquisition increases the director's alignment with shareholder interests.

Industry Context

Directors receiving equity as part of their compensation is a common practice to align their interests with those of the shareholders. This is a standard method of compensation in publicly traded companies.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across the industry.
• Companies like Accenture and IBM also use equity grants as part of their director compensation packages.
• The amount of equity granted varies based on company size, performance, and industry standards.

Stakeholder Impact

• The transaction increases the alignment of the director's interests with those of the shareholders.

Key Dates