Baweja Naveen 4

What Happened

• Naveen Baweja, Chief Technology Officer of Alight, Inc. (ALIT), was granted a total of 2,483,168 equity awards on April 29, 2026: 733,235 RSUs, 499,933 RSUs, and 1,250,000 performance stock units (PSUs). All awards were reported as acquired at $0.00 per share (standard for grants).
• The two RSU grants (total 1,233,168 RSUs) vest over multi-year schedules (portions vest in 2027–2029). The 1,250,000 PSUs are derivative/performance awards that convert to shares only if specified stock-price performance hurdles are met and service conditions satisfied.

Key Details

• Transaction date: April 29, 2026; Filing date: April 30, 2026 (filed promptly).
• Price: $0.00 per share (grant/award), total reported cash paid = $0.
• Total shares granted: 2,483,168 (733,235 RSUs + 499,933 RSUs + 1,250,000 PSUs).
• Vesting: RSUs vest 50% on April 29, 2027, then 25% on April 29, 2028 and 25% on April 29, 2029 (per grant notes); other RSUs vest in roughly three equal installments 2027–2029. PSUs vest/are earned in up to 25% increments based on achievement of specified stock-price performance hurdles during a five-year performance period (Apr 1, 2026–Dec 31, 2030) and are subject to service-based vesting.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: Awards granted under the Issuer's 2021 Omnibus Incentive Plan; PSUs are contingent rights to receive Class A common stock if performance targets are met.

Context

• These are grants/awards (not open-market purchases or sales). RSUs represent a promise of future shares subject to service vesting; PSUs are performance-contingent and may never convert to shares if hurdles aren’t met. Such grants are common for new executive appointments and reflect compensation incentives rather than immediate insider market sentiment.