Form 4: Alight Inc. Director Regina Paolillo Acquires Shares in Lieu of Cash Retainer

Regina Paolillo, a director at Alight, Inc., acquired 1,490 shares of Class A Common Stock on June 28, 2024, in lieu of a cash retainer for board service.

Summary

• On June 28, 2024, Regina Paolillo, a director of Alight, Inc., acquired 1,490 shares of Class A Common Stock.
• The acquisition was made in lieu of a $11,000 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 number of shares was calculated by dividing the $11,000 cash retainer by $7.38, the closing price of Alight's ordinary shares on June 28, 2024, and rounding down to the nearest whole share.
• Following the transaction, Paolillo directly owns 88,998 shares of Alight, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard transaction related to director compensation. The director taking shares instead of cash could be seen as a slightly positive signal.

Positives

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

Industry Context

This is a routine transaction related to director compensation. It is common for directors to receive equity as part of their compensation package.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• The specific mix varies depending on the company's size, industry, and performance.
• Comparing Alight's director compensation to peers like Accenture, IBM, and ADP would provide a better understanding of its competitiveness.

Related Party Transactions

• The transaction involves a director (Regina Paolillo) and the company (Alight, Inc.), making it a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects the company's compensation practices for its board members.

Key Dates