Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 224

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 224
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 the requisite service period, based on the probability of achieving the performance conditions, with changes in expectations recognized as an adjustment to earnings in the period of the change. Compensation cost is not recognized for performance share units that do not vest because service or performance conditions are not satisfied, and any previously recognized compensation cost is reversed.The weighted-average grant-date fair value per share of RSUs and PRSUs granted during the each of the years ended December 31, 2024, 2023 and 2022 were approximately $8.68, $8.72, $9.01 and $8.73, $8.82 and $11.76,  respectively.

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The following table summarizes the RSU and PRSU activity during the year ended December 31, 2024:RSUs WeightedAverageGrant DateFair ValuePer UnitPRSUs(1)WeightedAverageGrant DateFair ValuePer UnitBalance as of December 31, 20238,174,812$9.78 28,041,674$11.25 Granted5,613,1048.68 6,879,6108.73 Vested(3,417,686)8.81 (20,728,422)12.15 Forfeited(3,045,124)8.95 (3,314,405)8.93 Balance as of December 31, 20247,325,106$8.67 10,878,456$8.71 _______________________________________________________(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. The Company also forfeited approximately 3.5 million shares in July 2024 in conjunction with the Divestiture as discussed in Note 1 "Basis of Presentation and Nature of Business".Share-based Compensation ExpenseTotal share-based compensation expense related to the RSUs and PRSUs are recorded in the Consolidated Statements of Comprehensive Income (Loss) as follows (in millions):Year Ended December 31,202420232022Cost of services, exclusive of depreciation and amortization$14 $30 $34 Selling, general and administrative62 109 130 Total share-based compensation expense$76 $139 $164 As of December 31, 2024, total future compensation expense related to unvested RSUs was $42 million, which will be recognized over a remaining weighted