Alight (NYSE: ALIT) grants 12,500 performance stock units to legal chief
Rhea-AI Filing Summary
Felli Martin reported acquisition or exercise transactions in this Form 4 filing.
Alight, Inc. reported that Chief Legal Officer Martin Felli received a grant of 12,500 performance stock units on August 3, 2026, each representing one share of Class A common stock. These units may vest in up to 25% increments based on specified stock price performance hurdles during a performance period ending December 31, 2030, subject to service-based vesting conditions. After this award, Felli holds 75,000 performance stock units and 28,568 shares of Class A common stock (including restricted stock units), with all figures adjusted for a 1-for-20 reverse split effective June 30, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Felli Martin
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units F3, F4, F1 | 12,500 | $0.00 | $0.00 |
| holding | Class A Common Stock F1, F2 | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 75,000 shares (Direct);
Class A Common Stock — 28,568 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. Includes restricted stock units scheduled to vest in the future.
- F3. On August 3, 2026, the reporting person was granted 12,500 performance stock Units. Each performance stock unit represents a contingent right to receive one share of Alight, Inc.'s Class A Common Stock.
- F4. The performance stock units vest and become earned in up to 25% increments based on the achievement of specified stock price performance hurdles during a performance period, ending on December 31, 2030, subject to service-based vesting conditions.
Key Figures
Performance stock units granted: 12,500 units
Performance stock units held after grant: 75,000 units
Class A common stock held: 28,568 shares
+3 more
6 metrics
Performance stock units granted
12,500 units
Grant to Chief Legal Officer on August 3, 2026
Performance stock units held after grant
75,000 units
Total performance stock units held by Martin Felli following the award
Class A common stock held
28,568 shares
Direct holdings, including restricted stock units scheduled to vest
Reverse split ratio
1-for-20
Adjustment of all reported securities for Class A common stock reverse split effective June 30, 2026
Maximum vesting per tranche
25%
Performance stock units vest and become earned in up to 25% increments
Performance period end
December 31, 2030
End of performance period governing vesting of performance stock units
Key Terms
Performance Stock Units, restricted stock units, reverse split, stock price performance hurdles, +1 more
5 terms
Performance Stock Units financial
"the reporting person was granted 12,500 performance stock units"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
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.
reverse split financial
"adjusted to reflect a 1-for-20 reverse split of the Issuer's Class A common stock"
A reverse split is when a company reduces the number of its outstanding shares by combining several existing shares into one new share, so the price per share rises proportionally while the company’s overall value stays the same. Investors care because it can make a stock appear more respectable or meet exchange rules — like turning many small coins into a single larger bill — but it can also signal financial trouble and often affects trading liquidity and investor perception.
stock price performance hurdles financial
"based on the achievement of specified stock price performance hurdles"
service-based vesting conditions financial
"subject to service-based vesting conditions."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Alight (ALIT) grant to Chief Legal Officer Martin Felli?
Alight granted Chief Legal Officer Martin Felli 12,500 performance stock units on August 3, 2026. Each unit represents a contingent right to receive one share of Alight’s Class A common stock, subject to performance and service-based vesting conditions through December 31, 2030.
How do Martin Felli’s performance stock units vest at Alight (ALIT)?
The 12,500 performance stock units can vest in up to 25% increments based on specified stock price performance hurdles. Vesting occurs during a performance period ending December 31, 2030 and is subject to ongoing service-based vesting conditions.
What is Martin Felli’s total equity holding in Alight (ALIT) after this grant?
Following the grant, Martin Felli holds 75,000 performance stock units and 28,568 shares of Class A common stock. The share figure includes restricted stock units scheduled to vest in the future, and all amounts reflect a 1-for-20 reverse stock split adjustment.
How does the 1-for-20 reverse split affect the Alight (ALIT) Form 4 figures?
All securities reported for Martin Felli are adjusted for a 1-for-20 reverse split of Alight’s Class A common stock. The reverse split was effective as of June 30, 2026, so reported unit and share amounts reflect post-split quantities rather than pre-split balances.
What is the performance period for Alight (ALIT) performance stock units granted to Martin Felli?
The performance stock units granted to Martin Felli have a performance period ending on December 31, 2030. During this period, vesting depends on achieving specified stock price performance hurdles, along with meeting service-based vesting requirements.
Are Martin Felli’s reported Alight (ALIT) equity awards part of a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is explicitly unchecked, indicating the reported transactions are not made pursuant to a Rule 10b5-1 trading plan. They instead reflect a compensation-related equity award and updated holdings disclosure.