Alight CTO granted 12,500 performance stock units
Baweja Naveen reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Baweja Naveen reported acquisition or exercise transactions in this Form 4 filing.
Naveen Baweja, Chief Technology Officer of Alight, Inc., received a grant of 12,500 Performance Stock Units on August 3, 2026. Each unit represents a contingent right to receive one share of Class A common stock.
After this award, Baweja holds 75,000 Performance Stock Units and 61,657 shares of Class A common stock, with the common stock figure including restricted stock units scheduled to vest in the future. All reported amounts reflect a 1-for-20 reverse split of Class A common stock effective June 30, 2026. The performance stock units vest in up to 25% increments based on specified stock price performance hurdles during a performance period ending on December 31, 2030, subject to service-based vesting conditions. The report indicates these transactions were not made pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 12,500 shares
Grant/Award
2 txns
Insider
Baweja Naveen
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units F3, F4, F1 | 12,500 | $0.00 | $0.00 |
| holding | Class A Common Stock F1, F2 | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 75,000 contracts (Direct);
Class A Common Stock — 61,657 shares (Direct)
Footnotes (4)
- F1. Securities listed in this filing have been adjusted to reflect a 1-for-20 reverse split of the Issuer's Class A common stock effective as of June 30, 2026.
- F2. Includes restricted stock units scheduled to vest in the future.
- F3. On August 3, 2026, the reporting person was granted 12,500 performance stock Units. Each performance stock unit represents a contingent right to receive one share of Alight, Inc.'s Class A Common Stock.
- F4. 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 performance period, ending on December 31, 2030, subject to service-based vesting conditions.
Key Figures
Performance stock units granted: 12,500 units
Performance stock units held after grant: 75,000 units
Class A common stock holdings: 61,657 shares
+2 more
5 metrics
Performance stock units granted
12,500 units
Grant to CTO Naveen Baweja on August 3, 2026
Performance stock units held after grant
75,000 units
Total performance stock units held by Naveen Baweja after the August 3, 2026 award
Class A common stock holdings
61,657 shares
Direct Class A common stock holdings, including restricted stock units scheduled to vest
Reverse stock split ratio
1-for-20
Reverse split of Class A common stock effective June 30, 2026
Performance period end date
December 31, 2030
End of performance period for vesting of the performance stock units
Key Terms
Performance Stock Units, restricted stock units, 1-for-20 reverse split, stock price performance hurdles, +1 more
5 terms
Performance Stock Units financial
"On August 3, 2026, the reporting person was granted 12,500 performance stock Units."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
restricted stock units financial
"Includes restricted stock units scheduled to vest in the future."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
1-for-20 reverse split financial
"adjusted to reflect a 1-for-20 reverse split of the Issuer's Class A common stock"
stock price performance hurdles financial
"based on the achievement of specified stock price performance hurdles during a performance period"
service-based vesting conditions financial
"during a performance period, ending on December 31, 2030, subject to service-based vesting conditions."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity award did Alight (ALIT) grant to its CTO?
Alight granted CTO Naveen Baweja 12,500 Performance Stock Units on August 3, 2026. Each unit is a contingent right to receive one share of Alight’s Class A common stock, subject to performance and service-based vesting conditions through December 31, 2030.
What are the vesting terms for Alight (ALIT) CTO’s new performance stock units?
The 12,500 performance stock units can vest in up to 25% increments based on specified stock price performance hurdles. Vesting occurs during a performance period ending December 31, 2030 and is also subject to service-based vesting conditions.
How does Alight (ALIT)’s 1-for-20 reverse split affect the reported CTO holdings?
All CTO holdings are shown on a post–1-for-20 reverse split basis. The company states the securities listed were adjusted to reflect a 1-for-20 reverse split of Class A common stock effective June 30, 2026.
Were Alight (ALIT) CTO’s reported equity transactions under a Rule 10b5-1 plan?
The report indicates the transactions were not made under a Rule 10b5-1 trading plan. The document-level checkbox for Rule 10b5-1 arrangements is explicitly shown as unchecked for these reported holdings and awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
