Claudius Sokenu - May 8, 2023 Form 4 Insider Report for UNISYS CORP (UIS)

Role: SVP, Gen. Counsel & Secretary
Signature: Natasha Redding, attorney-in-fact
Stock symbol: UIS
Transactions as of: May 8, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/10/2023, 06:33 PM
Previous filing: Mar 2, 2023
Next filing: Jun 5, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	UIS	Restricted Stock Units	Award	$0	+129K		$0.00	129K	May 8, 2023	Common Stock	129K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive up to one share of Unisys Corporation common stock.
F2	PB-RSUs granted under 2023 Equity Plan. PB-RSUs vest on 5/8/26 if 20-trading day trailing average of closing price of common stock over the 20 consecutive trading day period ending on 5/7/26 is $8 or higher (Vesting Condition) at a conversion rate of .25 shares to 1 share of common stock for each PB-RSU if the 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the period from the grant date through 5/7/26 (Vesting Period) is $8 to $14 (determined by linear interpolation between such range). If 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the Vesting Period never meets or exceeds $8, then PB-RSUs will not vest at all. If Vesting Condition is satisfied and 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the Vesting Period exceeds $14, then PB-RSUs will vest at the rate of 1 share for each PB-RSU.

Content

Each restricted stock unit represents a contingent right to receive up to one share of Unisys Corporation common stock.

PB-RSUs granted under 2023 Equity Plan. PB-RSUs vest on 5/8/26 if 20-trading day trailing average of closing price of common stock over the 20 consecutive trading day period ending on 5/7/26 is $8 or higher (Vesting Condition) at a conversion rate of .25 shares to 1 share of common stock for each PB-RSU if the 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the period from the grant date through 5/7/26 (Vesting Period) is $8 to $14 (determined by linear interpolation between such range). If 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the Vesting Period never meets or exceeds $8, then PB-RSUs will not vest at all. If Vesting Condition is satisfied and 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the Vesting Period exceeds $14, then PB-RSUs will vest at the rate of 1 share for each PB-RSU.