Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 34

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 34
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 20247,325,106$8.67 10,878,456$8.71 Granted4,599,2926.18 4,254,7946.50 Vested(2,289,791)8.90 (2,860,557)8.96 Forfeited(1,170,203)8.78 (2,303,606)8.99 Balance as of March 31, 20258,464,404$7.24 9,969,087$7.63 _______________________________________________________(1)The number of PRSUs presented are based on actual or expected achievement of the respective performance goals as of the end of the period. Share-based Compensation ExpenseTotal share-based compensation expense related to the RSUs and PRSUs are recorded in the Condensed Consolidated Statements of Comprehensive Income (Loss) as follows (in millions):Three Months EndedMarch 31, 2025March 31, 2024Cost of services, exclusive of depreciation and amortization$3 $5 Selling, general and administrative3 23 Total share-based compensation expense$6 $28 As of March 31, 2025, total future compensation expense related to unvested RSUs was $57 million, which will be recognized over a remaining weighted-average amortization period of approximately 2.33 years. As of March 31, 2025, total future compensation expense related to unvested PRSUs was $50 million, which will be recognized over a remaining weighted-average amortization period of approximately 1.97 years.Employee Stock Purchase Plan In December 2022, the Company began offering its employees an Employee Stock Purchase Plan (the “ESPP”). Under the ESPP, all full-time and certain part-time employees of the Company based in the U.S. and certain other countries are eligible to purchase Class A Common Stock of the Company twice per year at the end of a six-month payment period (a “Payment Period”). During each Payment Period, eligible employees who so elect may authorize payroll deductions in an amount no less than 1% nor greater than 10% of his or her base pay for each payroll period in the Payment Period. At the end of each Payment Period, the accumulated deductions are used to purchase shares of Class A Common Stock from the Company up to a maximum of 1,250 shares for any one employee during a Payment Period. Shares are purchased at a