Key facts
- This page summarizes Michael William McDaniel's Form 4 filing for CONDUENT Inc (CNDT).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 01 Aug 2024, 17:00.
Michael William McDaniel - 31 Jul 2024 Form 4 Insider Report for CONDUENT Inc (CNDT)
- Reporting relationship
- EVP, Commercial Solutions
- Issuer ticker
- CNDT
- Reported as of
- 31 Jul 2024
- Net transaction value
- +$554,297
- SEC form
- 4
- Accepted by SEC
- 01 Aug 2024, 17:00:03 UTC
- Prior SEC filing
- 24 Jul 2024
- Next SEC filing
- 07 Apr 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/Michael Krawitz, attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael William McDaniel filed Form 4 for CONDUENT Inc (CNDT) on 01 Aug 2024.
Change
- Previous filing in this sequence was filed on 24 Jul 2024.
- Current net transaction value: +$554,297.
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
- $349,999
- Shares
- +85,784
- Change %
- Price
- $4.08
- Shares after
- 85,784
- Date
- 31 Jul 2024
- Ownership
- Direct
- Footnotes
- F1
CNDT
transaction
Common Stock
Award
- Transaction value
- $204,298
- Shares
- +50,073
- Change %
- +58%
- Price
- $4.08
- Shares after
- 135,857
- Date
- 31 Jul 2024
- 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
RSU Awards of restricted stock units (RSUs) granted on July 31, 2024 that vest in equal amounts on July 31, 2025, July 31, 2026 and July 31, 2027. Each RSU converts to one share of Conduent Incorporated common stock (Common Stock) upon vesting.
Footnote F2
Award of performance restricted stock units (PRSUs) that can only be settled in Common Stock. The PRSU award will cliff vest on July 31, 2027, subject to Conduent Incorporated's total shareholder return compared to its proxy peer group (rTSR) meeting certain thresholds. If Conduent Incorporated's rTSR achieves the 25th percentile (or higher) for the period April 1, 2024 through December 31, 2026, the shares will vest on July 31, 2027 and be adjusted and settled according to the following performance (with linear interpolation between points): 25th Percentile ranking is 50% payout; Median percentile ranking is 100% payout; and 75th percentile is 150% payout. The vested shares are paid out within 60 days following the vesting date. The PRSU award adjustment is capped at (i) 100%, if Conduent Incorporated's total shareholder return is negative, and (ii) 6x the fair market value of the target number of PRSUs on the date of grant.