Form 4: Alight Inc. Director Richard N. Massey Acquires Shares in Lieu of Cash Retainer

Director Richard N. Massey acquired 2,284 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, Richard N. Massey, a director of Alight, Inc., acquired 2,284 shares of Class A Common Stock.
• This acquisition was in lieu of a $22,500 cash retainer for his services as a board member.
• The shares were granted pursuant to the Alight, Inc. 2021 Omnibus Incentive Plan.
• The share price used for the calculation was $9.85, the closing price on March 28, 2024.
• Following the transaction, Massey directly owns 1,375,090 shares, which includes restricted stock units scheduled to vest in the future.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director taking shares instead of cash is a slightly positive sign.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The use of shares in lieu of cash retainer can be seen as a positive use of company resources.

Industry Context

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

Comparison to Industry Standards

• Many companies use equity compensation for board members to align their interests with shareholders.
• The specific amount and structure of equity compensation vary widely based on company size, industry, and individual circumstances.
• Comparing Alight's director compensation to peers like Accenture, IBM, or ADP would provide a better benchmark.

Stakeholder Impact

• Shareholders may view the director's acquisition of shares positively, as it aligns their interests with the company's performance.
• The company conserves cash by issuing shares instead of paying a cash retainer.

Key Dates