Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 105

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 105
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urchase of up to an additional $200 million of the Company’s Class A common stock, providing a total amount authorized for repurchase of $281 million after giving effect to the increase. As of March 31, 2025, the total remaining amount authorized for repurchase was $261 million.During the three months ended March 31, 2025, there were 3,245,932 Class A Common Stock shares repurchased under the Program. Repurchased shares are reflected as Treasury Stock on the Condensed Consolidated Balance Sheets as a component of equity. The following table reflects the changes in our outstanding stock:Class AClass B-1 Class B-2 Class V Class Z TreasuryBalance at December 31, 2024531,703,8624,978,8074,978,807510,237—28,755,570Conversion of noncontrolling interest122——(122)——Shares granted upon vesting3,348,634—————Issuance for compensation to non-employees(1)63,468—————Share repurchases(3,245,932)————3,245,932Share forfeitures—(23,510)(23,510)———Balance at March 31, 2025531,870,1544,955,2974,955,297510,115—32,001,502Class A (2)Class B-1Class 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