Form 4: Alight, Inc. Director William P. Foley II Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director William P. Foley II reports acquisition of shares in lieu of cash retainer and indirect ownership through related entities.
Summary
- On March 31, 2025, William P. Foley II, a director of Alight, Inc., reported changes in his beneficial ownership of the company's Class A Common Stock.
- Foley acquired 7,296 shares of Class A Common Stock at a price of $5.93 per share as a quarterly award in lieu of a $43,270 cash retainer for his service on the Board of Directors.
- Following the transaction, Foley directly owns 899,018 shares of Class A Common Stock, including restricted stock units scheduled to vest in the future.
- He also indirectly owns 6,833,304 shares through Trasimene Capital FT, LLC and Bilcar FT, LP.
- Foley disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing showing a director acquiring shares in lieu of a cash retainer, which is neither overwhelmingly positive nor negative.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it indicates a director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction (acquisition of shares). |
| 04/02/2025 | Date of filing of the Form 4. |
Keywords
beneficial ownership, Form 4, Alight, Inc., William P. Foley II, Class A Common Stock, director, Trasimene Capital FT, LLC, Bilcar FT, LP
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