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

Director Lenore D. Williams acquired 1,522 shares of Alight, Inc. Class A Common Stock in lieu of a cash retainer for board service.

Summary

• On March 29, 2024, Lenore D. Williams, a director of Alight, Inc., acquired 1,522 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 pursuant to the Alight, Inc. 2021 Omnibus Incentive Plan.
• The number of shares was calculated by dividing the $15,000 cash retainer by $9.85, the closing price of Alight's ordinary shares on March 28, 2024, and rounding down.
• Following the transaction, Williams directly owns 40,705 shares of Alight, Inc.
• This total includes restricted stock units scheduled to vest in the future.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of cash is generally seen as a good sign, indicating confidence in the company's future.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The use of equity in lieu of cash preserves the company's cash reserves.

Industry Context

Directors often receive equity compensation as part of their overall remuneration package, aligning their interests with those of shareholders.

Related Party Transactions

• The acquisition of shares by Lenore D. Williams, a director, 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 and conserves company cash.

Key Dates