GALLENBERGER MARK J 4
4 · Cerence Inc. · Filed Nov 5, 2020
Insider Transaction Report
Form 4
Cerence Inc.CRNC
GALLENBERGER MARK J
President
Transactions
- Award
Common Stock
2020-11-03$0.01/sh+41,488$415→ 123,889 total - Award
Common Stock
2020-11-03$0.01/sh+7,422$74→ 71,994 total - Award
Common Stock
2020-11-03$0.01/sh+10,407$104→ 82,401 total - Tax Payment
Common Stock
2020-11-03$59.00/sh−15,912$938,808→ 107,977 total
Footnotes (4)
- [F1]Grant of Restricted Stock Units that will vest 100% on November 20, 2020, issued pursuant to the Company's FY2020 Short-Term Incentive Program.
- [F2]Shares are subject to a Restricted Stock Unit Agreement. Shares vest one-third on each of October 1, 2021, 2022, and 2023.
- [F3]These shares are pursuant to a performance-based restricted stock unit agreement with the Company whereby targets defined by the Compensation Committee were deemed to be achieved for fiscal year 2020.
- [F4]These shares were withheld by the Company to cover the tax liability due upon the vesting of the restricted stock award for the performance-based shares.