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

Director Lenore D. Williams acquired 2,032 shares of Alight, Inc. Class A Common Stock on June 28, 2024, in lieu of a $15,000 cash retainer for board service.

Summary

• On June 28, 2024, Lenore D. Williams, a director of Alight, Inc., acquired 2,032 shares of Class A Common Stock.
• This acquisition was in lieu of a $15,000 cash retainer for her services as a member of the Board of Directors.
• 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, Williams directly owns 42,737 shares of Alight, Inc.
• This amount includes restricted stock units scheduled to vest in the future.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction is a routine director compensation, suggesting confidence in the company's stock. There are no indications of negative news or concerns.

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 compensation is a common practice to align their interests with those of shareholders. This transaction reflects a standard compensation arrangement.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across publicly traded companies.
• Comparable companies such as Accenture, IBM, and Oracle also utilize equity-based compensation for their directors.
• The specific amount and structure of equity compensation vary based on company size, performance, and industry norms.

Stakeholder Impact

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

Key Dates