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

Director Lenore D. Williams acquired 2,027 shares of Alight, Inc. Class A Common Stock on September 30, 2024, in lieu of a $15,000 cash retainer for board service.

Summary

• On September 30, 2024, Lenore D. Williams, a director of Alight, Inc., acquired 2,027 shares of Class A Common Stock.
• This acquisition was in lieu of a $15,000 cash retainer for her services as a board member.
• The shares were granted under the Alight, Inc. 2021 Omnibus Incentive Plan.
• The price per share was calculated at $7.40, the closing price of Alight's ordinary shares on September 30, 2024.
• Following the transaction, Williams directly owns 44,764 shares, which includes restricted stock units scheduled to vest in the future.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction. The director taking shares instead of cash could be seen as a slightly positive signal.

Positives

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

Industry Context

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

Stakeholder Impact

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

Key Dates