Key facts
- This page summarizes Stephen Henry Wood's Form 4/A - Amendment filing for CONDUENT Inc (CNDT).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 07 Apr 2025, 17:18.
Key filing fact
Ownership activity is grounded in SEC Form 4/A - Amendment disclosures.
Shares, units, or other non-derivative securities reported in this filing.
Award
Additional SEC filing notes
Footnote F1
Award of performance restricted stock units (PRSUs) that can only be settled in Common Stock. The PRSU award will cliff vest on December 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, 2025 through December 31, 2027, the shares will vest on December 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) 4x the fair market value of the target number of PRSUs on the date of grant.
Footnote F2
The number of shares awarded was under-reported on a Form 4 filed April 3, 2025 due to an administrative error.
Footnote F3
The total number of shares owned has been corrected to reflect the number of shares held by the reporting person after the correction to the PRSU award granted.