Alight (NYSE: ALIT) director receives 14,025 RSUs for annual board service
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 reported an equity award and updated holdings. He received 14,025 restricted stock units of Class A common stock as an annual board-service grant under Alight’s 2021 Omnibus Share Plan, at no cash cost, scheduled to vest on July 2, 2027. After this grant, he holds 64,670 Class A shares directly, including restricted stock units that are scheduled to vest in the future. Separately, 8,593 Class A shares are held by Trasimene Capital FT, LLC and 333,071 Class A shares are held by Bilcar FT, LP, entities with which Foley is affiliated; he may be deemed to beneficially own these securities only to the extent of his pecuniary interest and expressly disclaims beneficial ownership beyond that.
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 | 14,025 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 64,670 shares (Direct, null);
Class A Common Stock — 341,664 shares (Indirect, See notes)
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. 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. 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. 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.
Key Figures
RSU grant size: 14,025 restricted stock units
Grant price per unit: $0.0000 per share
RSU vesting date: July 2, 2027
+4 more
7 metrics
RSU grant size
14,025 restricted stock units
Annual board-service grant under 2021 Omnibus Share Plan
Grant price per unit
$0.0000 per share
Equity award issued at no cash cost
RSU vesting date
July 2, 2027
Scheduled vesting for new restricted stock units
Direct holdings after grant
64,670 shares
Class A common stock, includes RSUs scheduled to vest
Indirect holdings total
341,664 shares
8,593 via Trasimene Capital FT, LLC; 333,071 via Bilcar FT, LP
Trasimene Capital FT, LLC holdings
8,593 shares
Class A common stock held indirectly
Bilcar FT, LP holdings
333,071 shares
Class A common stock held indirectly
Key Terms
restricted stock units, 2021 Omnibus Share Plan, pecuniary interests, beneficial ownership, +2 more
6 terms
restricted stock units financial
"Represents restricted stock units granted for annual board service, pursuant to the Issuer's 2021 Omnibus Share Plan"
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.
pecuniary interests financial
"may be deemed to beneficially own the securities reported herein to the extent of his pecuniary interests"
beneficial ownership financial
"disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein"
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.
Rule 16a-1(a)(4) regulatory
"Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Age of 1934"
Section 16 regulatory
"for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did Alight (ALIT) report for William P. Foley II?
Alight director William P. Foley II reported receiving 14,025 restricted stock units as an equity grant. The award relates to annual board service and was issued at no cash cost, reflecting stock-based compensation rather than an open-market share purchase.
When do the newly granted Alight (ALIT) restricted stock units vest?
The 14,025 restricted stock units granted to William P. Foley II are scheduled to vest on July 2, 2027. Vesting ties continued service on Alight’s board to the eventual delivery of Class A common shares under the 2021 Omnibus Share Plan.
What indirect Alight (ALIT) holdings are associated with William P. Foley II?
Indirectly, 8,593 Alight Class A shares are held by Trasimene Capital FT, LLC and 333,071 shares by Bilcar FT, LP. Foley is affiliated with these entities and may be deemed to beneficially own shares only up to his pecuniary interest in them.
Does William P. Foley II fully acknowledge beneficial ownership of all indirect Alight (ALIT) shares?
No. Foley disclaims beneficial ownership of the indirectly held Alight shares beyond his pecuniary interest. The filing notes this is consistent with Rule 16a-1(a)(4), which allows reporting without conceding full beneficial ownership under Section 16.
Is the Alight (ALIT) Form 4 transaction a market purchase or sale?
The Form 4 reports a grant of 14,025 restricted stock units for board service, not a market trade. No open-market purchases or sales are disclosed; the award represents stock-based compensation with future vesting rather than immediate cash investment.