FRADIN RUSSELL P 4
Research Summary
AI-generated summary
Alight (ALIT) Director Russell P. Fradin Receives 85,807-Share Award
What Happened Russell P. Fradin, a director of Alight, Inc. (ALIT), was granted 85,807 shares on March 31, 2026 as a director compensation award. The filing reports an acquisition value of $50,000, using $0.58 per share on the form (the award calculation used the March 31 close of $0.5827 per share).
Key Details
- Transaction date: 2026-03-31; Form 4 filed 2026-04-02.
- Shares granted: 85,807; reported price on form: $0.58/share; total value reported: $50,000.
- Shares owned after transaction: not specified in the filing.
- Footnote F1: Quarterly board retainer of $50,000 was taken in shares under the Alight, Inc. 2021 Omnibus Incentive Plan; number of shares = $50,000 ÷ $0.5827 (closing price) rounded down.
- Footnote F2: Includes restricted stock units scheduled to vest in the future.
- No late-filing indication shown on the form.
Context This was a routine equity award elected in lieu of a cash retainer for board service, not an open-market purchase or sale. Such grants are standard compensation and do not by themselves indicate the insider is buying or selling shares for investment reasons.