Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 107

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 107
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 (loss), net of tax— (8)(8)Balance at March 31, 2025$4 $35 $39 _______________________________________________________(1) Reclassifications from this category are recorded in Interest expense. See Note 13 “Derivative Financial Instruments” for additional     informationForeign Currency TranslationAdjustments(1)Interest Rate Swaps(2)Total Balance at December 31, 2023$(3)$74 $71 Other comprehensive income (loss) before reclassifications(4)30 26 Tax (expense) benefit1 (1)— Other comprehensive income (loss) before reclassifications, net of tax(3)29 26 Amounts reclassified from accumulated other comprehensive income— (22)(22)Tax expense— — — Amounts reclassified from accumulated other comprehensive income, net of tax— (22)(22)Net current period other comprehensive income (loss), net of tax(3)7 4 Balance at March 31, 2024$(6)$81 $75 _______________________________________________________(1)Foreign currency translation adjustments include $1 million loss related to intercompany loans that have been designated long-term investment nature.(2)Reclassifications from this category are recorded in Interest expense. See Note 13 “Derivative Financial Instruments” for additional information.

10. Share-Based CompensationThe Company has an active equity incentive plan, the Alight, Inc. 2021 Omnibus Incentive Plan (the "Incentive Plan"), under which the Company has been authorized to grant share-based awards to key employees and non-employee directors, which consist primarily of time-based restricted stock units ("RSUs") and performance share units ("PRSUs"). Under this plan, for grants issued during the three months ended March 31, 2025, approximately 55% of the units are subject to time-based vesting requirements and approximately 45% are subject to additional performance-based vesting requirements. As of March 31, 2025, there were 88,523,338 remaining shares of common stock authorized for issuance pursuant to the Company’s stock-based compensation plans under its 2021 Omnibus Incentive Plan. RSU and PSU nonvested share-based payment awards contain rights to receive forfeitable dividends and therefore are not participating securities.

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Restricted Share Units and Performance Share Units Time-based RSUs are valued at the market price of a share of the Company