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

Director Kausik Rajgopal acquired 1,015 shares of Alight Inc. Class A Common Stock on March 29, 2024, in lieu of a $10,000 cash retainer for board service.

Summary

• On March 29, 2024, Kausik Rajgopal, a director of Alight Inc., acquired 1,015 shares of Class A Common Stock.
• This acquisition was in lieu of a $10,000 cash retainer for his 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 $10,000 cash retainer by $9.85, the closing price of Alight Inc.'s ordinary shares on March 28, 2024, and rounding down to the next whole share.
• Following the transaction, Rajgopal directly owns 39,937 shares of Class A Common Stock, 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 instead of cash is generally a good sign, indicating confidence in the company's future.

Positives

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

Industry Context

Directors receiving equity in lieu of cash compensation is a common practice to align their interests with those of shareholders.

Comparison to Industry Standards

• Many companies in the technology and services sectors use equity-based compensation for directors.
• The specific amount and terms vary based on company size, performance, and industry norms.
• Comparing Alight's director compensation structure to peers like Accenture or IBM would provide further context.

Related Party Transactions

• The acquisition of shares by Kausik Rajgopal in lieu of a cash retainer is a related party transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates