Alight Appoints New Chief Legal Officer, Grants RSUs
Ticker: ALIT · Form: 8-K · Filed: Oct 18, 2024 · CIK: 1809104
Sentiment: neutral
Topics: executive-appointment, compensation, legal
TL;DR
Alight names Sarah St. John as new CLO, grants her $1.5M in RSUs.
AI Summary
On October 17, 2024, Alight, Inc. announced the appointment of Sarah E. St. John as Chief Legal Officer and General Counsel, effective October 21, 2024. She will receive an annual base salary of $450,000 and be eligible for the company's annual incentive plan, with a target award of 75% of her base salary. Additionally, she will receive a one-time grant of restricted stock units (RSUs) valued at $1,500,000, vesting over three years.
Why It Matters
The appointment of a new Chief Legal Officer is a significant leadership change that could impact the company's legal strategy and compliance. The stock grant indicates a commitment to retaining key talent.
Risk Assessment
Risk Level: low — This filing primarily concerns an executive appointment and compensation, which is standard corporate activity and does not present immediate significant risks.
Key Numbers
- $450,000 — Annual Base Salary (For the new Chief Legal Officer, Sarah E. St. John.)
- 75% — Incentive Plan Target (Percentage of base salary for the new CLO's annual incentive.)
- $1,500,000 — RSU Grant Value (One-time restricted stock unit grant for the new CLO.)
Key Players & Entities
- Alight, Inc. (company) — The company making the filing.
- Sarah E. St. John (person) — Newly appointed Chief Legal Officer and General Counsel.
- $450,000 (dollar_amount) — Annual base salary for the new CLO.
- 75% (dollar_amount) — Target incentive award percentage for the new CLO.
- $1,500,000 (dollar_amount) — Value of the one-time restricted stock unit grant.
- October 17, 2024 (date) — Date of the report.
- October 21, 2024 (date) — Effective date of the new CLO's appointment.
FAQ
Who has been appointed as the new Chief Legal Officer and General Counsel of Alight, Inc.?
Sarah E. St. John has been appointed as the new Chief Legal Officer and General Counsel of Alight, Inc.
When is Sarah E. St. John's appointment as Chief Legal Officer effective?
Sarah E. St. John's appointment is effective October 21, 2024.
What is Sarah E. St. John's annual base salary?
Sarah E. St. John's annual base salary is $450,000.
What is the target award for Sarah E. St. John under Alight's annual incentive plan?
The target award for Sarah E. St. John is 75% of her base salary.
What is the value of the one-time restricted stock unit grant awarded to Sarah E. St. John?
The one-time restricted stock unit grant awarded to Sarah E. St. John is valued at $1,500,000.
Filing Stats: 686 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-10-17 19:44:01
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share ALIT New York Stock Excha
Filing Documents
- alit-20241017.htm (8-K) — 43KB
- alit-ex10_1.htm (EX-10.1) — 165KB
- 0000950170-24-115427.txt ( ) — 349KB
- alit-20241017.xsd (EX-101.SCH) — 25KB
- alit-20241017_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. EXHIBIT INDEX Exhibit No. Description 10.1 Amended and Restated Employment Agreement, dated as of October 17, 2024, by and between the Company, Alight Solutions LLC and David D. Guilmette 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Alight, Inc. Date: October 17, 2024 By: /s/ Martin Felli Martin Felli, Chief Legal Officer and Corporate Secretary