Director Foley (NYSE: ALIT) gets 1,590 Alight shares as board retainer
Filing Impact
Filing Sentiment
Form Type
4
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 a grant of 1,590 shares of Class A common stock as a quarterly award in lieu of a cash retainer of $17,812 for board service. The number of shares was based on a price of $11.20, the closing price on June 30, 2026, after a 1-for-20 reverse stock split of the Class A common stock.
Following this award, Foley holds 50,645 shares directly and 341,664 shares indirectly through Trasimene Capital FT, LLC and Bilcar FT, LP, including restricted stock units scheduled to vest in the future. He may be deemed to beneficially own these securities only to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
FOLEY WILLIAM P II
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,590 | $11.20 | $18K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 50,645 shares (Direct, null);
Class A Common Stock — 341,664 shares (Indirect, See notes)
Footnotes (1)
- Quarterly award of shares elected in lieu of cash retainer of $17,812 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. Represents 8,593 shares of Class A common stock directly held by Trasimene Capital FT, LLC and 333,071 shares of Class A common stock directly held by Bilcar FT, LP. 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. 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
Quarterly cash retainer value: $17,812
Shares granted: 1,590 shares
Grant pricing: $11.20/share
+5 more
8 metrics
Quarterly cash retainer value
$17,812
Board service quarterly award value used to calculate share grant
Shares granted
1,590 shares
Quarterly award of Class A common stock in lieu of cash
Grant pricing
$11.20/share
Closing price on June 30, 2026 used to compute award
Direct holdings after award
50,645 shares
Class A common stock directly owned following the transaction
Indirect holdings after award
341,664 shares
Class A common stock indirectly held via entities after transaction
Trasimene Capital FT, LLC direct stake
8,593 shares
Class A common stock held by Trasimene Capital FT, LLC
Bilcar FT, LP direct stake
333,071 shares
Class A common stock held by Bilcar FT, LP
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, pecuniary interest, beneficially own, +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
"Securities listed in this filing have been adjusted to reflect a 1-for-20 reverse split"
pecuniary interest financial
"beneficial owner of any equity securities in excess of his pecuniary interest."
beneficially own financial
"the Reporting Person may be deemed to beneficially own the securities reported herein"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
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.
FAQ
What did Alight (ALIT) director William P. Foley II report in this Form 4?
He reported receiving 1,590 Alight Class A shares as a quarterly award in lieu of a $17,812 cash retainer, based on a share price of $11.20 on June 30, 2026.
What are William P. Foley II’s direct and indirect Alight (ALIT) holdings after this filing?
After the award, he directly holds 50,645 shares, and indirectly 341,664 shares through Trasimene Capital FT, LLC and Bilcar FT, LP, including restricted stock units scheduled to vest in the future.
How has Alight’s 1-for-20 reverse stock split affected the reported holdings?
All securities in the filing, including the 1,590-share grant and existing holdings, were adjusted to reflect a 1-for-20 reverse split of Alight’s Class A common stock effective June 30, 2026.