Verma Rohit 4
Research Summary
AI-generated summary
Alight (ALIT) CEO Rohit Verma Receives 7M Performance Stock Unit Award
What Happened Rohit Verma, Chief Executive Officer of Alight, Inc. (ALIT), was granted 7,000,000 performance stock units (PSUs) on March 25, 2026. The Form 4 shows this as a derivative award (code A) with an acquisition price of $0.00 — i.e., a compensation grant rather than a cash purchase. Each PSU represents a contingent right to receive one share of Class A common stock if performance and service conditions are met.
Key Details
- Transaction date: 2026-03-25; Form 4 filed 2026-03-26 (timely filing).
- Amount: 7,000,000 performance stock units; reported acquisition price $0.00 (derivative award).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: F1 — each PSU = right to one share if earned; F2 — PSUs vest up to 25% increments tied to specified stock price performance hurdles during a five-year performance period (April 1, 2026 to December 31, 2030) and are subject to service-based vesting conditions.
- Transaction code: A = award/grant; no 10b5-1 or tax-withholding details provided in the excerpt.
Context This is a compensation grant, not an open-market purchase or sale. PSUs are contingent and will convert to actual shares only if the stated performance and service conditions are satisfied over the multi-year performance period. Such awards are common for executive pay and do not by themselves indicate immediate buying or selling activity.