Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 226

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 226
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vested share-based payment awards contain rights to receive forfeitable dividends and therefore are not participating securities.

79

In conjunction with the Business Combination, the Company issued Seller Earnouts contingent consideration, which is payable in the Company’s Common Stock when the related market conditions are achieved. As the related conditions to pay the consideration had not been satisfied as of December 31, 2024, the Seller Earnouts were excluded from the diluted earnings per share calculations. Basic and diluted (net loss) earnings per share are as follows (in millions, except for share and per share amounts):Year Ended December 31,202420232022Basic and diluted (net loss) earnings per share:NumeratorNet Income (Loss) From Continuing Operations$(140)$(317)$(140)Less: Net income (loss) attributable to noncontrolling interest2 17 10 Net Income (loss) from continuing operations attributable to Alight, Inc.$(138)$(300)$(130)Net Income (Loss) From Discontinued Operations, Net of Tax(19)(45)68 Net Income (Loss) Attributable to Alight, Inc. - basic$(157)$(345)$(62)Loss impact of conversion of noncontrolling interest(1)— — Net income (loss) attributable to Alight, Inc. - diluted$(158)$(345)$(62)DenominatorWeighted-average shares outstanding - basic539,861,208489,461,259458,558,192Dilutive effect of the exchange of noncontrolling interest units510,237——Dilutive effect of RSUs———Weighted-average shares outstanding - diluted540,371,445489,461,259458,558,192Basic and Diluted (net loss) earnings per shareContinuing operations$(0.25)$(0.61)$(0.28)Discontinued operations$(0.04)$(0.09)$0.14 Net Income (Loss)$(0.29)$(0.70)$(0.14)For the year ended December 31, 2024, 7,325,106 unvested RSUs were not included in the computation of diluted shares outstanding as their impact would have been anti-dilutive. In addition, 14,999,998 shares related to the Seller Earnouts and 10,878,457 unvested PRSUs were excluded from the calculation of basic and diluted earnings per share as the market and performance conditions had not