Budnik Marianne 4

What Happened Marianne Budnik, a director of Cerence Inc. (CRNC), was granted 12,968 restricted stock units (RSUs) on 2026-02-12. The Form 4 reports an acquisition at $0.01 per share (total nominal value $130). This was an equity award (grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-12; Filing date: 2026-02-13 (timely).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 12,968 RSUs at $0.01 each; total nominal value reported $130.
• Shares owned after transaction: not provided in the details supplied.
• 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.
• No indication of a 10b5-1 plan, tax withholding sale, or immediate sale of shares in this filing.

Context This is a standard director equity compensation grant intended to align long-term interests with shareholders; the nominal acquisition price is administrative. Vesting is time-based per the footnote, so the units are not immediately tradable until they vest. As an award (not a purchase or sale), it should be viewed as routine compensation disclosure rather than an explicit market signal of insider buying or selling.