Alight (ALIT) director receives 14,025 restricted stock units as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alight, Inc. director Robert A. Lopes Jr. received an equity award in the form of restricted stock units tied to the company’s Class A common stock. The grant covers 14,025 shares at no cash cost as compensation for annual board service under Alight’s 2021 Omnibus Share Plan.
The restricted stock units are scheduled to vest on July 2, 2027, meaning they will convert into shares over time rather than immediately. After this award, Lopes directly holds 22,292 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
Lopes Robert A. Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 14,025 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 22,292 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: 14,025 shares
Grant price: $0.00 per share
Post-transaction holdings: 22,292 shares
+1 more
4 metrics
RSU grant size
14,025 shares
Restricted stock units granted for annual board service
Grant price
$0.00 per share
Equity award at no cash cost to the director
Post-transaction holdings
22,292 shares
Total direct holdings after RSU grant
Vesting date
July 2, 2027
Scheduled vesting of the newly granted restricted stock units
Key Terms
restricted stock units, 2021 Omnibus Share Plan, vesting
3 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.
vesting financial
"which are scheduled to vest on July 2, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Alight (ALIT) director Robert Lopes report in this Form 4?
Director Robert A. Lopes Jr. reported receiving 14,025 restricted stock units of Alight Class A common stock as a board compensation award. The grant was at no cash cost and increases his total direct holdings to 22,292 shares, including other unvested restricted units.
Is the Alight (ALIT) Form 4 transaction an open-market stock purchase or sale?
The transaction is not an open-market trade. It is a grant of 14,025 restricted stock units as compensation for annual board service, reported under code “A”. No purchase price was paid, and the award reflects equity-based pay rather than a discretionary buy or sell.
When do the newly granted Alight (ALIT) restricted stock units vest?
The 14,025 restricted stock units are scheduled to vest on July 2, 2027. Vesting means the units convert into actual shares over time. Until that date, they generally remain subject to service-based conditions tied to continued board membership under the company’s equity plan.
What plan governs the restricted stock unit grant reported by Alight (ALIT)?
The restricted stock unit grant was made under Alight’s 2021 Omnibus Share Plan. This plan authorizes equity-based compensation, such as restricted stock units, for directors and other eligible participants, aligning part of their pay with the company’s share performance over time.
What does transaction code “A” mean in the Alight (ALIT) Form 4 filing?
Transaction code “A” indicates a grant, award, or other acquisition of securities rather than a market purchase. In this case, it reflects 14,025 restricted stock units granted for annual board service, with no price per share and vesting scheduled for July 2, 2027.