Alight (NYSE: ALIT) director awarded 14,025 restricted stock units as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rushing Coretha M reported acquisition or exercise transactions in this Form 4 filing.
Alight, Inc. director Coretha M. Rushing received an equity grant in the form of restricted stock units of Class A common stock. The award covers 14,025 shares and was granted at no cash purchase price as part of annual board compensation.
According to the disclosure, these restricted stock units were granted under Alight’s 2021 Omnibus Share Plan and are scheduled to vest on July 2, 2027, subject to applicable vesting conditions. Following this grant, Rushing’s direct holdings total 20,344 shares, including other restricted stock units that are scheduled to vest in the future.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rushing Coretha M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 14,025 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 20,344 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
RSUs granted: 14,025 shares
Transaction price per share: $0.0000
Holdings after transaction: 20,344 shares
+1 more
4 metrics
RSUs granted
14,025 shares
Restricted stock units for annual board service
Transaction price per share
$0.0000
Equity compensation, no cash purchase
Holdings after transaction
20,344 shares
Direct holdings following RSU grant
Vesting date
July 2, 2027
Scheduled vesting of 14,025 RSUs
Key Terms
restricted stock units, 2021 Omnibus Share Plan, vest, annual board service
4 terms
restricted stock units financial
"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."
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.
vest financial
"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."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual board service financial
"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."
FAQ
What did Alight (ALIT) director Coretha M. Rushing report in this Form 4?
Coretha M. Rushing reported receiving a grant of 14,025 restricted stock units of Alight Class A common stock. The award is part of annual board compensation and increases her total direct holdings to 20,344 shares, including other unvested restricted stock units.
When do Coretha M. Rushing’s new Alight (ALIT) restricted stock units vest?
The newly granted 14,025 restricted stock units are scheduled to vest on July 2, 2027. Vesting means the director will gain full ownership of the shares at that time, assuming the applicable service and plan conditions continue to be satisfied through the vesting date.
Under which plan were the Alight (ALIT) restricted stock units granted to Coretha M. Rushing?
The 14,025 restricted stock units were granted under Alight’s 2021 Omnibus Share Plan. This plan governs equity-based compensation for eligible participants, including directors, and sets the terms for grants, vesting schedules, and other conditions attached to stock-based awards.