Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 31

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 31
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Class B-2Class VClass ZTreasuryBalance at December 31, 2023507,567,6784,951,2354,951,23528,962,2183,420,2156,427,853Conversion of noncontrolling interest27,773,062——(27,773,062)——Shares granted upon vesting13,890,962———(2,842,116)—Issuance for compensation to non-employees(1)17,802—————Share forfeitures—(18,148)(18,148)———Balance at March 31, 2024549,249,5044,933,0874,933,0871,189,156578,0996,427,853_______________________________________________________(1)Issued to certain members of the Board of Directors in lieu of cash retainer. (2)    Does not include 712,237 of unvested Class A common shares as of March 31, 2024. Cash DividendsIn 2024, our Board of Directors approved a quarterly dividend program. Any decision to declare and pay dividends in the future will be made at the sole discretion of our Board of Directors, whose decision will depend on, among 

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other things, our results of operations, cash requirements, financial condition, contractual restrictions and other factors that our Board of Directors may deem relevant. The following table provides information with respect to quarterly dividends on common stock during the three months ended March 31, 2025.Declaration DateDividends Per ShareTotal Payment (in millions)Record DatePayable DateFebruary 13, 2025$0.04$21March 3, 2025March 17, 2025On April 30, 2025, the Company announced that its Board of Directors approved the payment of a quarterly dividend in the amount of $0.04 per share of Class A Common Stock on June 16, 2025, to shareholders of record as of the close of business on June 2, 2025.Accumulated Other Comprehensive IncomeAs of March 31, 2025, the Accumulated other comprehensive income ("AOCI") balance included unrealized gains and losses for interest rate swaps and foreign currency translation adjustments related to our foreign subsidiaries that do not have the U.S. dollar as their functional currency. The tax effect on the Company's pre-tax AOCI items is recorded in the AOCI balance. This tax is