Abate George Joseph 4

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.