Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 283

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 283
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 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-average amortization period of approximately 1.69 years. As of December 31, 2024, total future compensation expense related to unvested PRSUs was $46 million, which will be recognized over a remaining weighted-average amortization period of approximately 1.34 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