Alight (NYSE: ALIT) director takes $50,000 board retainer in 4,464 stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FRADIN RUSSELL P reported acquisition or exercise transactions in this Form 4 filing.
Alight, Inc. director Russell P. Fradin received 4,464 shares of Class A common stock as a stock award, elected in lieu of a $50,000 quarterly cash retainer for Board service. The award was valued using a share price of $11.20 and reflects a 1-for-20 reverse split effective on June 30, 2026, bringing his direct holdings to 18,802 shares, including restricted stock units that may vest in the future.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FRADIN RUSSELL P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,464 | $11.20 | $50K |
Holdings After Transaction:
Class A Common Stock — 18,802 shares (Direct, null)
Footnotes (1)
- Quarterly award of shares elected in lieu of cash retainer of $50,000 for service as a member of the Board of Directors and granted pursuant to the Alight, Inc. 2021 Omnibus Incentive Plan. The number of shares granted was calculated by dividing the cash retainer by $11.20 the closing price of the Issuer's ordinary shares on June 30, 2026, as adjusted to reflect the 1-for-20 reverse stock split of the Issuer's Class A common stock on such date, and rounding down to the next whole share. Includes restricted stock units scheduled to vest in the future. 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.
Key Figures
Shares granted: 4,464 shares
Cash retainer amount: $50,000
Grant valuation price: $11.20 per share
+2 more
5 metrics
Shares granted
4,464 shares
Quarterly board retainer stock award on June 30, 2026
Cash retainer amount
$50,000
Quarterly Board of Directors cash retainer elected in stock
Grant valuation price
$11.20 per share
Closing price used to calculate share award on June 30, 2026
Post-transaction holdings
18,802 shares
Total Class A shares held directly after the grant
Reverse split ratio
1-for-20
Reverse split of Class A common stock effective June 30, 2026
Key Terms
restricted stock units, 1-for-20 reverse split, cash retainer, 2021 Omnibus Incentive Plan, +1 more
5 terms
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 the 1-for-20 reverse stock split of the Issuer's Class A common stock"
cash retainer financial
"elected in lieu of cash retainer of $50,000 for service as a member of the Board of Directors"
2021 Omnibus Incentive Plan financial
"granted pursuant to the Alight, Inc. 2021 Omnibus Incentive Plan."
Class A common stock financial
"Securities listed in this filing have been adjusted to reflect a 1-for-20 reverse split of the Issuer's Class A common stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did Alight (ALIT) director Russell P. Fradin report in this Form 4 filing?
Russell P. Fradin reported receiving 4,464 shares of Alight Class A common stock as a quarterly stock award. This award was taken instead of a $50,000 cash retainer for serving on the Board of Directors and was granted under Alight’s 2021 Omnibus Incentive Plan.
Why does the Alight (ALIT) Form 4 mention a 1-for-20 reverse stock split?
The Form 4 notes that all securities listed have been adjusted for a 1-for-20 reverse split of Alight’s Class A common stock. This reverse split was effective June 30, 2026, and affects the reported share amounts and grant calculations in the filing.