Harris Marion 4

What Happened Marion Harris, a director of Cerence Inc. (CRNC), received an award of 12,968 restricted stock units (RSUs) on February 12, 2026. The Form 4 reports an acquisition price of $0.01 per share, for a total reported value of $130. This transaction is an equity award (transaction code A), i.e., compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-12; reported on Form 4 filed 2026-02-13 (appears timely).
• Grant: 12,968 RSUs at $0.01 per share; total reported value $130.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: RSUs vest on the earlier of (i) the first anniversary of the grant date or (ii) the day immediately prior to the company’s next fiscal year Annual General Meeting.
• Transaction type: Award/Grant (A) — compensation to an insider, not a market buy or sell.

Context RSU grants to directors are common as part of compensation and retention packages. Because this is an award (not a purchase), it does not necessarily signal a personal investment decision. The nominal per-share price ($0.01) reflects the bookkeeping/acquisition price reported on the Form 4; the economic value will be tied to Cerence’s future common-stock price when the RSUs vest and convert to shares.