Alight (NYSE: ALIT) director takes $13,125 board retainer in stock grant
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 of 1,171 shares of Class A common stock, valued using a price of $11.20 per share. This quarterly award was elected in lieu of a $13,125 cash retainer for service on the Board of Directors.
The filing notes that all figures, including this grant, reflect a 1-for-20 reverse split of Alight’s Class A common stock effective June 30, 2026. Following this grant, Rushing directly holds 6,319 shares, which includes restricted stock units 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 | 1,171 | $11.20 | $13K |
Holdings After Transaction:
Class A Common Stock — 6,319 shares (Direct, null)
Footnotes (1)
- Quarterly award of shares elected in lieu of cash retainer of $13,125 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.
Key Figures
Equity grant: 1,171 shares
Implied grant value: $13,125
Pricing reference: $11.20/share
+2 more
5 metrics
Equity grant
1,171 shares
Quarterly award in lieu of cash retainer
Implied grant value
$13,125
Quarterly cash retainer replaced by share grant
Pricing reference
$11.20/share
Closing price on June 30, 2026 used to size grant
Post-transaction holdings
6,319 shares
Director’s direct holdings after grant, including RSUs
Reverse split ratio
1-for-20
Class A common stock split effective June 30, 2026
Key Terms
Form 4, restricted stock units, 1-for-20 reverse split, Omnibus Incentive Plan, +1 more
5 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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
"adjusted to reflect the 1-for-20 reverse stock split of the Issuer's Class A common stock"
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.
cash retainer financial
"Quarterly award of shares elected in lieu of cash retainer of $13,125"
FAQ
What insider transaction did Alight (ALIT) report for Coretha M. Rushing?
Alight reported that director Coretha M. Rushing received 1,171 shares of Class A common stock as a quarterly equity award. The grant was compensation for Board service, elected instead of cash, and priced using an $11.20 per-share value on June 30, 2026.
Was the Alight (ALIT) Form 4 transaction an open-market purchase or compensation grant?
The transaction was a compensation grant, not an open-market purchase. Shares were awarded as a quarterly retainer, elected in lieu of a $13,125 cash payment for Board service, under Alight’s 2021 Omnibus Incentive Plan.
How did Alight’s 1-for-20 reverse split affect the Form 4 figures for ALIT?
All share amounts in the Form 4, including the 1,171-share grant and 6,319 total holdings, were adjusted for a 1-for-20 reverse split of Alight’s Class A common stock that became effective on June 30, 2026.