Form 4: Alight Inc. Director Lenore D. Williams Acquires Shares in Lieu of Cash Retainer

Director Lenore D. Williams acquired 2,167 shares of Alight Inc. Class A Common Stock in lieu of a cash retainer.

Summary

• Lenore D. Williams, a director at Alight Inc., acquired 2,167 shares of Class A Common Stock on December 31, 2024.
• These shares were awarded in lieu of a $15,000 cash retainer for her service on the Board of Directors.
• The share price used to calculate the number of shares was $6.92, the closing price on December 31, 2024.
• Following this transaction, Ms. Williams directly owns 46,931 shares of Alight Inc. stock, which includes restricted stock units scheduled to vest in the future.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally positive as it shows director alignment with the company's success. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of shares in lieu of cash can be seen as a positive sign of the company's commitment to aligning director interests with shareholder value.

Industry Context

This type of transaction is common for directors of publicly traded companies, where they receive equity as part of their compensation package to align their interests with those of shareholders.

Comparison to Industry Standards

• Many publicly traded companies use equity-based compensation for directors, often in the form of stock options or restricted stock units.
• The practice of awarding shares in lieu of cash retainers is a common method to align director interests with shareholder value.
• The specific amount and terms of the award are typical for a company of Alight Inc.'s size and industry.

Stakeholder Impact

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

Key Dates

Keywords

Alight Inc., Director, Share Acquisition, Class A Common Stock, SEC Form 4, Lenore D. Williams, Board of Directors, Equity Compensation