Felli Martin 4
Research Summary
AI-generated summary
Alight (ALIT) CLO Felli Martin Receives Award, Withholds Shares for Taxes
What Happened Felli Martin, Chief Legal Officer and Corporate Secretary of Alight, received 73,289 shares on 2026-03-01 upon settlement of performance-based restricted stock units (RSUs) granted in 2023 (award reported as code A). To cover the tax liability from the vesting, 35,289 shares were withheld (code F) at an effective withholding value of $0.88 per share, totaling $31,054. The award shares are reported at $0.00 acquisition price because they were issued on vesting.
Key Details
- Transaction dates: 2026-03-01 (award and tax withholding); Form 4 filed 2026-03-03 (period of report 2026-03-01).
- Award: 73,289 shares issued (performance-based RSUs vested). Price: $0.00 (code A).
- Tax withholding: 35,289 shares withheld/disposed to cover tax liability at $0.88/share = $31,054 (code F).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1—shares issued on settlement of 2023 performance RSUs that vested; F2—filing includes RSUs scheduled to vest in the future; F3—the 35,289 shares were withheld to cover federal/state tax liability.
- Filing timeliness: Form filed two days after the transaction date (appears timely).
Context This was a routine vesting and tax-withholding event (settlement of performance RSUs), not an open-market buy or discretionary sale. The withheld shares represent the common cashless method to satisfy tax withholding obligations and do not by themselves indicate a change in insider sentiment.