Alight (NYSE: ALIT) awards RSUs and 1.25M performance units to president
Rhea-AI Filing Summary
Tulsiani Dinesh V reported acquisition or exercise transactions in this Form 4 filing.
Alight, Inc. reported compensation-related equity awards for Dinesh V. Tulsiani, President, Employer Solutions. He received 1,598,669 Class A Common Stock-based restricted stock units under the 2021 Omnibus Incentive Plan in connection with his appointment. These RSUs are scheduled to vest in three approximately equal installments on May 1, 2027, May 1, 2028 and May 1, 2029.
He was also granted 1,250,000 performance stock units, each representing a contingent right to one share of Class A Common Stock. These may vest in up to 25% increments based on specified stock price performance hurdles during a five-year period from April 1, 2026 to December 31, 2030, subject to service-based vesting conditions. Following these awards, he holds 2,373,318 Class A shares directly. Separately, 83,517 shares of Class V Common Stock are held indirectly by Tempo Management, LLC; these shares carry voting rights but no economic interest and are cancelled when related Class A units are exchanged.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 1,250,000 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 1,598,669 | $0.00 | -- |
| holding | Class V Common Stock | -- | -- | -- |
Footnotes (1)
- Represents Restricted Stock Units ("RSUs") granted pursuant to the Issuer's 2021 Omnibus Incentive Plan in connection with the Reporting Person's appointment as President, Employer Solutions. The RSUs are scheduled to vest in approximately three equal installments on May 1, 2027, May 1, 2028 and May 1, 2029. Includes restricted stock units scheduled to vest in the future. Shares of Class V common stock do not represent economic interests in the Issuer. Except as provided in the Issuer's Certificate of Incorporation or as required by applicable law, holders of Class V common stock with be entitled to one vote per share on all matters to be voted on by the Issuer's stockholders generally. Upon exchange of Class A Units of Alight Holding Company, LLC that are held by the Reporting Person, an equal number of shares of the Issuer's Class V common stock will be cancelled for no consideration. On May 1, 2026, the reporting person was granted 1,250,000 performance stock Units. Each performance stock unit represents a contingent right to receive one share of Alight, Inc.'s Class A Common Stock. 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 five-year performance period, beginning on April 1, 2026, and ending on December 31, 2030, and subject to service-based vesting conditions.