Alight (NYSE: ALIT) director receives 21,037-share RSU grant for annual board service
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 reported an equity compensation grant in the form of restricted stock units for annual board service. The award covers 21,037 shares of Class A common stock and was granted at no cash cost to him.
According to the disclosure, these restricted stock units are scheduled to vest on July 2, 2027 under Alight’s 2021 Omnibus Share Plan. After this grant, Fradin’s reported direct holdings, including restricted stock units scheduled to vest in the future, total 39,839 shares of Class A common stock.
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 | 21,037 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 39,839 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units granted for annual board service, pursuant to the Issuer's 2021 Omnibus Share Plan, which are scheduled to vest on July 2, 2027. Includes restricted stock units scheduled to vest in the future.
Key Figures
RSU grant size: 21,037 shares
Holding after grant: 39,839 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
RSU grant size
21,037 shares
Restricted stock units for annual board service
Holding after grant
39,839 shares
Direct holdings including RSUs scheduled to vest
Grant price per share
$0.00 per share
Equity compensation, not an open-market purchase
Vesting date
July 2, 2027
Scheduled vesting for granted restricted stock units
Key Terms
restricted stock units, 2021 Omnibus Share Plan, annual board service, Class A Common Stock
4 terms
restricted stock units financial
"Represents restricted stock units granted for annual board service"
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.
annual board service financial
"restricted stock units granted for annual board service, pursuant to the Issuer's 2021 Omnibus Share Plan"
Class A Common Stock financial
"security_title": "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 on this Form 4?
Russell P. Fradin reported receiving an equity grant of restricted stock units for his annual board service at Alight. The award covers 21,037 shares of Class A common stock and was granted as compensation rather than a market purchase.
When do Russell P. Fradin’s new Alight (ALIT) restricted stock units vest?
The restricted stock units granted to Russell P. Fradin are scheduled to vest on July 2, 2027. This vesting date is specified under Alight’s 2021 Omnibus Share Plan and governs when the units convert into Class A common stock, assuming applicable conditions are satisfied.
What is Russell P. Fradin’s total direct Alight (ALIT) position after this grant?
Following the reported grant, Russell P. Fradin’s direct holdings total 39,839 shares of Alight Class A common stock. This figure includes restricted stock units scheduled to vest in the future, reflecting both currently held shares and unvested equity awards reported in the filing.