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

• On June 28, 2024, William P. Foley II, a director of Alight, Inc., reported changes in his beneficial ownership of Class A Common Stock.
• Foley acquired 7,876 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.
• 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.
• Foley's total direct holdings of Class A Common Stock after the transaction are 5,854,313 shares.
• He also has indirect ownership of 6,833,304 shares through Trasimene Capital FT, LLC and Bilcar FT, LP.
• Foley disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of share acquisition in lieu of cash compensation. No significant positive or negative implications are apparent.

Positives

• Director's acquisition of shares may signal confidence in the company's future performance.
• The acceptance of shares in lieu of cash preserves company cash.

Management Comments

• The Reporting Person 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 has a minor positive impact on shareholders as it aligns director's interests with the company's performance and preserves cash.

Key Dates