FOLEY WILLIAM P II 4
Research Summary
AI-generated summary
Alight (ALIT) Director William P. Foley II Receives 30,568-Share Award
What Happened
William P. Foley II, a director of Alight, Inc. (ALIT), was granted 30,568 shares on March 31, 2026 as a quarterly board retainer. The award was reported at $0.58 per share (total value ≈ $17,812), and the grant was made pursuant to the Alight, Inc. 2021 Omnibus Incentive Plan. Footnote disclosure shows the retainer was $17,812.50 and the number of shares was computed using the March 31 closing price of $0.5827 (rounded down to whole shares).
Key Details
- Transaction date: 2026-03-31; reported filing date: 2026-04-02 (filed two days after the grant).
- Grant: 30,568 shares; reported price: $0.58/share; retainer value per footnote: $17,812.50.
- Shares owned after transaction (reported holdings): 171,878 Class A shares held by Trasimene Capital FT, LLC and 6,661,426 Class A shares held by Bilcar FT, LP (total 6,833,304) — these are held by entities related to the reporting person; the filing disclaims beneficial ownership except to the extent of any pecuniary interest.
- Notable footnotes: F1 (grant in lieu of cash retainer, calculation method), F2 (includes restricted stock units scheduled to vest), F4/F5 (disclaimer regarding beneficial ownership and related-entity holdings).
- Filing timeliness: filed April 2, 2026 for a March 31 transaction (within the typical Section 16 two-business-day window).
Context
This was a routine compensation grant (board retainer paid in equity) rather than an open‑market purchase or sale. Such awards are common for directors and reflect board compensation mechanics, not necessarily a direct market sentiment signal. The grant was calculated by converting a cash retainer into shares under the company’s omnibus incentive plan.