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

Director Richard N. Massey acquired 3,048 shares of Alight, Inc. Class A Common Stock on June 28, 2024, in lieu of a cash retainer for board service.

Summary

• On June 28, 2024, Richard N. Massey, a director of Alight, Inc., acquired 3,048 shares of Class A Common Stock.
• The acquisition was made in lieu of a $22,500 cash retainer for 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 cash retainer by $7.38, the closing price of Alight's ordinary shares on June 28, 2024.
• Following the transaction, Massey directly owns 1,378,138 shares of Alight, Inc.
• The transaction was reported on July 1, 2024.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to director compensation, which is neutral in sentiment. The director taking shares instead of cash is a slightly positive signal.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The use of shares in lieu of cash retainer helps conserve company cash.

Industry Context

Directors receiving shares 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 offer directors the option to receive equity in lieu of cash compensation.
• This practice is common among publicly traded companies to align director interests with shareholder value.
• The specific amount and terms vary depending on the company's compensation policies and industry practices.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with shareholder value and conserves company cash.

Key Dates