Form 4: Alight Inc. Executive Martin Felli Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Martin Felli, Chief Legal Officer and Corporate Secretary of Alight Inc., reports the acquisition of 31,428 Class A Common Stock restricted stock units.
Summary
- On March 14, 2024, Martin Felli, Chief Legal Officer and Corporate Secretary of Alight Inc., acquired 31,428 shares of Class A Common Stock in the form of restricted stock units.
- These restricted stock units are scheduled to vest in three equal installments on March 14, 2025, March 14, 2026, and March 14, 2027.
- Following the transaction, Felli directly owns 161,504 shares of Class A Common Stock, including restricted stock units scheduled to vest in the future.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns executive interests with shareholders.
Positives
- The acquisition of restricted stock units by a key executive signals confidence in the company's future performance.
Future Outlook
The vesting schedule of the restricted stock units indicates a multi-year commitment from the executive.
Industry Context
Executive stock ownership is a common practice to align management's interests with those of shareholders.
Stakeholder Impact
- The acquisition of restricted stock units by a key executive can positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of transaction: Acquisition of restricted stock units. |
| 03/14/2025 | First vesting date for restricted stock units. |
| 03/14/2026 | Second vesting date for restricted stock units. |
| 03/14/2027 | Third vesting date for restricted stock units. |
| 03/18/2024 | Date of signature for the SEC Form 4 filing. |
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