Alight (NYSE: ALIT) director takes $50k board fee in stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FRADIN RUSSELL P reported acquisition or exercise transactions in this Form 4 filing.
Alight, Inc. director Russell P. Fradin received a grant of 85,807 shares of Class A common stock on March 31, 2026. This was a quarterly award taken in stock instead of a $50,000 cash retainer for board service, based on a price of $0.5827 per share. After this grant, he directly holds 286,776 shares, which include restricted stock units scheduled to vest in the future.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FRADIN RUSSELL P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 85,807 | $0.5827 | $50K |
Holdings After Transaction:
Class A Common Stock — 286,776 shares (Direct)
Footnotes (1)
- Quarterly award of shares elected in lieu of cash retainer of $50,000 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 $.5827, the closing price of the Issuer's ordinary shares on March 31, 2026 and rounding down to the next whole share. Includes restricted stock units scheduled to vest in the future.
Key Figures
Shares granted: 85,807 shares
Cash retainer amount: $50,000
Grant reference price: $0.5827 per share
+1 more
4 metrics
Shares granted
85,807 shares
Quarterly board retainer taken in stock on March 31, 2026
Cash retainer amount
$50,000
Board of Directors quarterly cash retainer elected in shares
Grant reference price
$0.5827 per share
Closing price used to convert cash retainer on March 31, 2026
Post-transaction holdings
286,776 shares
Total Class A common stock directly held after the grant
Key Terms
cash retainer, 2021 Omnibus Incentive Plan, restricted stock units, Class A Common Stock
4 terms
cash retainer financial
"Quarterly award of shares elected in lieu of cash retainer of $50,000"
2021 Omnibus Incentive Plan financial
"granted pursuant to the Alight, Inc. 2021 Omnibus Incentive Plan"
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.
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did Alight (ALIT) director Russell Fradin report on this Form 4?
Russell P. Fradin reported receiving 85,807 shares of Alight Class A common stock. The shares represent a quarterly stock award taken instead of a $50,000 cash retainer for serving on the Board of Directors under the 2021 Omnibus Incentive Plan.
Was the Alight (ALIT) Form 4 transaction a market purchase or sale?
The transaction was not a market trade. It was a grant of 85,807 shares as compensation, elected in lieu of a $50,000 cash retainer. The filing classifies it as a grant or award acquisition rather than an open-market buy or sell.
What plan governs the Alight (ALIT) stock award to director Russell Fradin?
The award was granted under the Alight, Inc. 2021 Omnibus Incentive Plan. This plan allows directors to elect share-based compensation instead of cash retainers, aligning board incentives with shareholders through ongoing stock and restricted stock unit awards.