Alight (ALIT) CTO granted 1.88M performance stock units tied to stock hurdles
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Duggirala Deepika reported acquisition or exercise transactions in this Form 4 filing.
Alight, Inc. reported that Chief Technology Officer Deepika Duggirala received a grant of 1,875,000 performance stock units on March 25, 2026. Each unit represents a contingent right to one share of Class A common stock.
The units can vest in up to 25% increments based on specified stock price performance hurdles during a five-year period from April 1, 2026 through December 31, 2030, and also require ongoing service. Following these transactions, she directly holds 649,336 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Duggirala Deepika
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 1,875,000 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 1,875,000 shares (Direct);
Class A Common Stock — 649,336 shares (Direct)
Footnotes (1)
- On March 25, 2026, the reporting person was granted 1,875,000 performance stock units. Each performance stock unit represents a contingent right to receive one share of Alight, Inc.'s Class A Common Stock. The performance stock units vest and become earned in up to 25% increments based on the achievement of specified stock price performance hurdles during a five-year performance period, beginning on April 1, 2026, and ending on December 31, 2030, and subject to service-based vesting conditions.
FAQ
What did Alight (ALIT) disclose about Deepika Duggirala in this Form 4?
Alight reported that Chief Technology Officer Deepika Duggirala received 1,875,000 performance stock units on March 25, 2026. Each unit is a contingent right to one share of Class A common stock, subject to performance hurdles and service-based vesting over a multi-year period.
How many performance stock units were granted to Alight CTO Deepika Duggirala?
She was granted 1,875,000 performance stock units on March 25, 2026. These units may convert into an equal number of Class A common shares if specified stock price performance hurdles are met and service-based vesting conditions are satisfied during the defined performance period.
How do the Alight (ALIT) performance stock units for the CTO vest?
The performance stock units can vest and become earned in up to 25% increments. Vesting depends on achieving specified stock price performance hurdles during a five-year performance period and is also conditioned on service-based vesting requirements being met over that timeframe.
What is the performance period for the Alight CTO’s stock unit grant?
The performance period for the 1,875,000 performance stock units begins on April 1, 2026 and ends on December 31, 2030. During this window, stock price hurdles must be achieved for units to vest, in addition to satisfying service-based vesting conditions.
What does each Alight performance stock unit granted to the CTO represent?
Each performance stock unit represents a contingent right to receive one share of Alight’s Class A common stock. Actual receipt depends on meeting specified stock price performance hurdles during the five-year period and fulfilling the associated service-based vesting conditions.