Alight director takes stock award in lieu of cash
FOLEY WILLIAM P II reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
FOLEY WILLIAM P II reported acquisition or exercise transactions in this Form 4 filing.
Alight, Inc. director William P. Foley II received 30,568 shares of Class A common stock as a quarterly award elected in lieu of a $17,812.50 cash retainer. The shares were granted under the Alight, Inc. 2021 Omnibus Incentive Plan at $0.5827 per share, the closing price on March 31, 2026.
After this grant, Foley holds 981,113 Class A shares directly, including restricted stock units scheduled to vest in the future. He is also associated with 6,833,304 Class A shares held indirectly through Trasimene Capital FT, LLC and Bilcar FT, LP, and he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 30,568 shares
Grant/Award
2 txns
Insider
FOLEY WILLIAM P II
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 30,568 | $0.5827 | $18K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 981,113 shares (Direct);
Class A Common Stock — 6,833,304 shares (Indirect, See notes)
Footnotes (5)
- F1. Quarterly award of shares elected in lieu of cash retainer of $17,812.50 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 $.5827, the closing price of the Issuer's ordinary shares on March 31, 2026 and rounding down to the next whole share.
- F2. Includes restricted stock units scheduled to vest in the future.
- F3. Represents 171,878 shares of Class A common stock directly held by Trasimene Capital FT, LLC and 6,661,426 shares of Class A commn stock directly held by Bilcar FT, LP.
- F4. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Age of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of his pecuniary interest.
- F5. William P. Foley, II (the "Reporting Person") is the sole member of Bilcar FT, LLC, which, in turn, is the sole general partner of Bilcar FT, LP ("Bilcar"). The Reporting Person is also the sole member of Trasimene Capital FT, LLC ("Trasimene GP"). Because of the relationships between the Reporting Person and Bilcar, Bilcar FT, LLC and Trasimene GP, the Reporting Person may be deemed to beneficially own the securities reported herein to the extent of his pecuniary interests. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein, if any.
Key Figures
Equity award shares: 30,568 shares
Cash retainer amount: $17,812.50
Reference share price: $0.5827 per share
+2 more
5 metrics
Equity award shares
30,568 shares
Quarterly board retainer converted to stock
Cash retainer amount
$17,812.50
Board service fee elected in shares
Reference share price
$0.5827 per share
Alight closing price on March 31, 2026
Direct holdings after grant
981,113 shares
Class A common stock, includes RSUs to vest
Indirect holdings via entities
6,833,304 shares
171,878 via Trasimene; 6,661,426 via Bilcar FT, LP
Key Terms
restricted stock units, Omnibus Incentive Plan, pecuniary interest, Rule 16a-1(a)(4), +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.
Omnibus Incentive Plan financial
"granted pursuant to the Alight, Inc. 2021 Omnibus Incentive Plan."
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
pecuniary interest financial
"beneficial owner of any equity securities in excess of his pecuniary interest."
Rule 16a-1(a)(4) regulatory
"Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Age of 1934"
beneficial ownership regulatory
"the Reporting Person may be deemed to beneficially own the securities reported herein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What did Alight (ALIT) director William P. Foley II report on this Form 4?
He reported receiving 30,568 Alight Class A shares as a quarterly equity award. The grant was taken instead of a $17,812.50 cash board retainer and was issued under the 2021 Omnibus Incentive Plan at a reference price of $0.5827 per share.
Was the Alight (ALIT) Form 4 transaction an open-market purchase or sale?
No, the transaction was a grant, not an open-market trade. The shares were awarded as compensation in lieu of a cash retainer for board service, calculated using Alight’s $0.5827 closing price on March 31, 2026, under the company’s incentive plan.
Does William P. Foley II fully admit beneficial ownership of all indirect Alight (ALIT) shares?
No, he expressly disclaims beneficial ownership of any Alight equity securities beyond his pecuniary interest. This limitation is stated under Rule 16a-1(a)(4), clarifying that he should not be deemed the owner of excess shares for Section 16 purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
