Form 4: Alight Inc. Director William P. Foley II Reports Share Acquisition and Holdings

Director William P. Foley II acquired 8,399 shares of Alight Inc. Class A Common Stock as part of a quarterly award in lieu of a cash retainer, and reports total holdings including indirect ownership.

Summary

• William P. Foley II, a director at Alight Inc., reported a transaction on December 31, 2024, where he acquired 8,399 shares of Class A Common Stock.
• These shares were awarded in lieu of a $58,125 cash retainer for his board service, as part of the company's 2021 Omnibus Incentive Plan.
• The share price used for the award was $6.92, the closing price of Alight's ordinary shares on December 31, 2024.
• Foley's total holdings include 891,722 directly held shares and 6,833,304 indirectly held shares through Trasimene Capital FT, LLC and Bilcar FT, LP.
• He disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of a share transaction by a director, which is generally neutral to positive. The acquisition of shares by a director can be seen as a positive sign of alignment with shareholder interests.

Positives

• The acquisition of shares by a director demonstrates alignment with shareholder interests.
• The award of shares in lieu of cash can be seen as a cost-effective way to compensate board members.

Management Comments

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

Industry Context

This is a standard SEC Form 4 filing, which is common for directors and officers of publicly traded companies when they have transactions involving the company's stock. It is a routine disclosure required by regulations.

Comparison to Industry Standards

• The reporting of share acquisitions by directors is a standard practice across publicly listed companies.
• The use of stock awards in lieu of cash compensation is also a common practice, particularly for board members.
• The disclosure of indirect ownership through investment vehicles is typical for individuals with significant holdings.

Stakeholder Impact

• The share acquisition by a director may be viewed positively by shareholders as it aligns the director's interests with theirs.

Key Dates

Keywords

Alight Inc., William P. Foley II, Class A Common Stock, Director, Share Acquisition, Beneficial Ownership, SEC Form 4, Trasimene Capital FT, Bilcar FT