Felli Martin 4
Research Summary
AI-generated summary
Alight (ALIT) CLO Felli Martin Relinquishes 4,489 Shares
What Happened
- Felli Martin, Chief Legal Officer of Alight, reported relinquishing 4,489 shares on March 14, 2026. The shares were recorded at $0.92 each, totaling about $4,130. This was not an open-market sale but a tax-withholding action related to the vesting of previously granted restricted stock units (RSUs).
Key Details
- Transaction date: 2026-03-14; filing date: 2026-03-17.
- Amount: 4,489 shares disposed at $0.92 per share (total ≈ $4,130).
- Transaction code: F — shares withheld/used to satisfy tax withholding obligations on vesting.
- Footnote F1: Shares were relinquished and cancelled in exchange for the issuer agreeing to pay the reporting person’s federal and state tax withholding obligations.
- Footnote F2: The filing notes there are additional restricted stock units scheduled to vest in the future.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Timeliness: Filing covers activity on 3/14/2026 and was filed 3/17/2026 (no late filing flag in the provided data).
Context
- This is a routine, tax-related withholding event tied to RSU vesting (often called a cashless or surrender-for-taxes action) and does not represent a discretionary market sale or purchase decision by the insider. Such transactions are common when RSUs vest and generally are not taken as a directional signal about management’s view of the stock.