Form 4: Alight, Inc. Director William P. Foley II Reports Changes in Beneficial Ownership

Director William P. Foley II reports acquisition of shares in lieu of cash retainer and indirect ownership through Trasimene Capital FT, LLC and Bilcar FT, LP.

Summary

• William P. Foley II, a director of Alight, Inc., reported changes in beneficial ownership of Class A Common Stock on September 30, 2024.
• Foley acquired 7,854 shares of Class A Common Stock as a quarterly award in lieu of a $58,125 cash retainer for his services as a board member.
• The shares were granted pursuant to the Alight, Inc. 2021 Omnibus Incentive Plan, with the number of shares calculated based on a price of $7.40 per share.
• Foley's direct holdings of Class A Common Stock increased to 5,883,323 shares.
• He also indirectly holds 6,833,304 shares through Trasimene Capital FT, LLC and Bilcar FT, LP.
• Foley disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine filing. The acquisition of shares by a director is generally viewed positively, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.
• The use of shares in lieu of cash retainer demonstrates a commitment to aligning the director's interests with those of the shareholders.

Management Comments

• William P. Foley, II disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein, if any.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates