Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 219

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 219
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 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. Repurchases may be conducted through open market purchases or privately negotiated transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, including pursuant to Rule 10b5-1 trading plans. The actual timing and amount of future repurchases are subject to business and market conditions, corporate and regulatory requirements, stock price, acquisition opportunities and other factors. The stock repurchase program does not obligate Alight to acquire any amount of common stock, and the program may be suspended or terminated at any time by Alight at its discretion without prior notice.

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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, 2021456,282,8814,990,4534,990,45377,459,6875,595,577—Conversion of noncontrolling interest13,978,222——(13,978,222)——Shares granted upon vesting1,929,035—————Issuance for compensation to non-employees(1)73,208—————Share repurchases(1,506,385)————1,506,385Balance at December 31, 2022470,756,9614,990,4534,990,45363,481,4655,595,5771,506,385Conversion of noncontrolling interest34,519,247——(34,519,247)——Shares granted upon vesting7,129,735———(2,175,362)—Issuance for compensation to non-employees(1)83,203—————Share repurchases(4,921,468)————4,921,468Share forfeitures—(39,218)(39,218)———Balance at December 31, 2023507,567,6784,951,2354,951,23528,962,2183,420,2156,427,853Conversion of noncontrolling interest28,987,597——(28,987,597)——Shares granted upon vesting17,316,47863,86863,868535,616(3,420,215)—Issuance for compensation to non-employees (1)159,826————