Alight director granted 4,464 shares as board retainer
FRADIN RUSSELL P reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,464 | $11.20 | $50K |
Footnotes (3)
- F1. 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.
- F2. Includes restricted stock units scheduled to vest in the future.
- F3. 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
Key Terms
restricted stock units financial
1-for-20 reverse split financial
cash retainer financial
2021 Omnibus Incentive Plan financial
Class A common stock financial
FAQ
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What did Alight (ALIT) director Russell P. Fradin report in this Form 4 filing?
Why does the Alight (ALIT) Form 4 mention a 1-for-20 reverse stock split?
AI-generated analysis. How Rhea-AI works. Not financial advice.