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

Director Regina Paolillo acquired 1,116 shares of Alight, Inc. Class A Common Stock on March 29, 2024, in lieu of a cash retainer for board service.

Summary

• On March 29, 2024, Regina Paolillo, a director of Alight, Inc., acquired 1,116 shares of Class A Common Stock.
• This acquisition was in lieu of a $11,000 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 using the closing price of Alight's ordinary shares on March 28, 2024, which was $9.85.
• Following the transaction, Paolillo directly owns 87,508 shares, which includes restricted stock units scheduled to vest in the future.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director taking shares instead of cash suggests confidence, but it's a routine transaction.

Positives

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

Industry Context

Directors often receive compensation in the form of stock to align their interests with those of shareholders. This transaction is a standard practice in corporate governance.

Comparison to Industry Standards

• Director compensation packages vary across industries and company sizes.
• Stock awards are a common component of director compensation, often vesting over a period of years to incentivize long-term value creation.
• Comparing Alight's director compensation structure to peers like Accenture, IBM, and Tata Consultancy Services would provide a benchmark for industry standards.

Stakeholder Impact

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

Key Dates