Form 4: Alight Inc. Executive Robert Sturrus Reports Changes in Beneficial Ownership

Robert Sturrus, Chief Client Officer of Alight, Inc., reports the acquisition and disposal of Class A Common Stock and Class V Common Stock on February 28, 2025, following the vesting of performance-based restricted stock units.

Summary

• On February 28, 2025, Robert Sturrus, Chief Client Officer of Alight, Inc., reported changes in beneficial ownership of the company's stock.
• He acquired 179,376 shares of Class A Common Stock at $0 per share due to the settlement of performance-based restricted stock units granted in 2024.
• Of these, 59,792 shares vested on February 28, 2025, and 119,584 shares are subject to time-based vesting conditions, scheduled to vest in two equal annual installments beginning on February 28, 2026.
• He also disposed of 17,520 shares of Class A Common Stock at $6.83 per share to cover federal and state tax liabilities related to the vesting of the restricted stock units.
• Following these transactions, Sturrus directly owns 232,709 shares of Class A Common Stock and indirectly owns 10,384 shares of Class V Common Stock through Tempo Management, LLC.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation. The vesting of performance-based units is a positive sign, but the tax-related disposal is a neutral event.

Positives

• The vesting of performance-based restricted stock units indicates that the company achieved certain performance metrics.

Negatives

• The disposal of shares to cover tax liabilities reduces the executive's holdings, although this is a common practice.

Risks

• Future vesting of restricted stock units could lead to further changes in ownership and potential dilution.

Future Outlook

119,584 shares are subject to time-based vesting conditions, scheduled to vest in two equal annual installments beginning on February 28, 2026.

Industry Context

Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting of restricted stock units is a common form of executive compensation, aligning executive interests with company performance.
• Tax withholding upon vesting is also a standard procedure.

Stakeholder Impact

• The vesting of restricted stock units aligns executive interests with shareholder value.
• The disposal of shares for tax purposes has a minimal impact on overall shareholder value.

Key Dates