Abate George Joseph 4
4 · CONDUENT Inc · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Conduent (CNDT) Principal Accounting Officer George Abate Receives Award
What Happened
George Joseph Abate, Principal Accounting Officer of Conduent Inc. (CNDT), was granted equity awards on April 1, 2026. He received 56,390 restricted stock units (RSUs) and 28,195 performance restricted stock units (PRSUs) at a reported grant value of $1.33 per share, totaling 84,585 units and $112,498.
Key Details
- Transaction type: Award/Grant (code A) on 2026-04-01; filing date 2026-04-03 (timely Form 4).
- Grant amounts and reported values: 56,390 RSUs @ $1.33 = $74,999; 28,195 PRSUs @ $1.33 = $37,499.
- Vesting/settlement: RSUs vest in three equal installments on 12/31/2026, 12/31/2027 and 12/31/2028. Each RSU converts 1:1 to common stock on vesting.
- PRSU conditions: Service requirement through 12/31/2028 plus a share-price performance test during 4/1/2026–12/31/2028. Payout tiers based on any 120-consecutive-day average closing price: $2.50 = 25%, $3.00 = 50%, $4.00 = 75%, $5.00+ = 100% (linear interpolation between levels). PRSUs convert 1:1 to shares upon vesting and are settled only in common stock.
- Payout timing: Vested shares are paid within 60 days after the applicable vesting date.
- Shares owned after transaction: not disclosed in this filing.
- No 10b5-1 plan, tax-withholding sale, or late filing flagged in the Form 4.
Context: These are time- and performance-based equity awards (not open-market purchases or sales). RSU grants are routine long-term compensation; PRSUs will only convert to shares if both the service and performance conditions are met.
Insider Transaction Report
Form 4
CONDUENT IncCNDT
Abate George Joseph
Principal Accounting Officer
Transactions
- Award
Common Stock
[F1]2026-04-01$1.33/sh+56,390$74,999→ 128,943 total - Award
Common Stock
[F2][F3]2026-04-01$1.33/sh+28,195$37,499→ 157,138 total
Footnotes (3)
- [F1]RSU Awards of restricted stock units ("RSUs") granted on April 1, 2026 that vest in equal amounts on December 31, 2026, December 31, 2027 and December 31, 2028. 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. PRSUs have two vesting conditions - a service condition and a share price condition. The service condition requires continued employment through December 31, 2028 (the "Vesting Date"). The share price condition requires an average closing stock price over any 120 consecutive calendar day period during the measurement period of April 1, 2026 through December 31, 2028 (the "average closing price") of at least $2.50 per share. If an average closing price of $2.50/share is achieved, 25% is eligible to vest; if an average closing price of $3.00/share is achieved, 50% is eligible to vest; if an average closing price of $4.00/share is achieved, 75% is eligible to vest, and if an average closing price of $5.00/share or greater is achieved, 100% is eligible to vest, with linear interpolation between stock prices.
- [F3]Vested shares are paid out within 60 days following the Vesting Date. Each PRSU converts to one share of Common Stock upon vesting.
Signature
/s/Michael Krawitz, attorney-in-fact|2026-04-03