Key facts
- This page summarizes Michael E. Krawitz's Form 4 filing for CONDUENT Inc (CNDT).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 04 Apr 2022, 16:23.
Michael E. Krawitz - 01 Apr 2022 Form 4 Insider Report for CONDUENT Inc (CNDT)
- Reporting relationship
- EVP, GC & Secretary
- Issuer ticker
- CNDT
- Reported as of
- 01 Apr 2022
- Net transaction value
- +$1,018,698
- SEC form
- 4
- Accepted by SEC
- 04 Apr 2022, 16:23:02 UTC
- Prior SEC filing
- 08 Feb 2022
- Next SEC filing
- 06 May 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Kevin Ciaglo, attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael E. Krawitz filed Form 4 for CONDUENT Inc (CNDT) on 04 Apr 2022.
Change
- Previous filing in this sequence was filed on 08 Feb 2022.
- Current net transaction value: +$1,018,698.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CNDT
transaction
Common Stock
Award
- Transaction value
- $499,999
- Shares
- +96,339
- Change %
- +18%
- Price
- $5.19
- Shares after
- 635,756
- Date
- 01 Apr 2022
- Ownership
- Direct
- Footnotes
- F1
CNDT
transaction
Common Stock
Award
- Transaction value
- $518,699
- Shares
- +99,942
- Change %
- +16%
- Price
- $5.19
- Shares after
- 735,698
- Date
- 01 Apr 2022
- Ownership
- Direct
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
Award of restricted stock units (RSU) granted on April 1, 2022 that vest in equal amounts on December 31, 2022, December 31, 2023 and December 31, 2024. Each RSU converts to one share of Conduent Incorporated common stock upon vesting.
Footnote F2
Award of performance restricted stock units (PRSUs) that can only be settled in Conduent Incorporated (Company) common stock (Common Stock). PRSUs have two vesting conditions - a share price condition and a service condition. The award vests in three equal tranches. Vested shares are paid out within 60 days following each vesting date. The vesting date for each of the three tranches is the first day upon which both the price condition and service condition for each tranche is satisfied. The first vesting tranche pricing condition is the Common Stock trading during a consecutive 20-trading day period (Average Closing Price) above the grant date price (Share Base Price) by 15% and the service condition is employment with the Company at December 31, 2022. The second vesting tranche pricing condition is the Average Closing Price exceeding the Share Base Price by 30% and the service condition is employment with the Company at December 31, 2023. The third vesting tranche Pricing Conditions is the Average Closing Price exceeding the Share Base Price by 50% and the service condition is employment with the Company at December 31, 2024. If both conditions are not met for any individual vesting tranche by December 31, 2024, the portion of the award related to such tranche is forfeited. Each PRSU converts to one share of Conduent Incorporated common stock upon vesting.