4//SEC Filing
McDaniel Michael William 4
Accession 0001677703-24-000106
CIK 0001677703other
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 5:00 PM ET
Size
7.2 KB
Accession
0001677703-24-000106
Insider Transaction Report
Form 4
CONDUENT IncCNDT
McDaniel Michael William
EVP, Commercial Solutions
Transactions
- Award
Common Stock
2024-07-31$4.08/sh+50,073$204,298→ 135,857 total - Award
Common Stock
2024-07-31$4.08/sh+85,784$349,999→ 85,784 total
Footnotes (2)
- [F1]RSU Awards of restricted stock units (RSUs) granted on July 31, 2024 that vest in equal amounts on July 31, 2025, July 31, 2026 and July 31, 2027. Each RSU converts to one share of Conduent Incorporated common stock (Common Stock) upon vesting.
- [F2]Award of performance restricted stock units (PRSUs) that can only be settled in Common Stock. The PRSU award will cliff vest on July 31, 2027, subject to Conduent Incorporated's total shareholder return compared to its proxy peer group (rTSR) meeting certain thresholds. If Conduent Incorporated's rTSR achieves the 25th percentile (or higher) for the period April 1, 2024 through December 31, 2026, the shares will vest on July 31, 2027 and be adjusted and settled according to the following performance (with linear interpolation between points): 25th Percentile ranking is 50% payout; Median percentile ranking is 100% payout; and 75th percentile is 150% payout. The vested shares are paid out within 60 days following the vesting date. The PRSU award adjustment is capped at (i) 100%, if Conduent Incorporated's total shareholder return is negative, and (ii) 6x the fair market value of the target number of PRSUs on the date of grant.
Documents
Issuer
CONDUENT Inc
CIK 0001677703
Entity typeother
Related Parties
1- filerCIK 0002031339
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 5:00 PM ET
- Size
- 7.2 KB