Conduent president Wehbe reports 175K-share stake
Rhea-AI Filing Summary
CONDUENT Inc (CNDT) filed an initial statement of beneficial ownership for George Wehbe, President Commercial Solutions. He reports direct beneficial ownership of 175,653 shares of common stock, combining currently owned shares and equity awards.
The position includes 840 shares owned outright, 116,543 RSUs granted May 13, 2026 that vest in three equal installments on December 31, 2026, 2027 and 2028, and 58,270 performance RSUs that cliff vest on December 31, 2028 subject to stock-price hurdles between $2.50 and $5.00 per share.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wehbe George
Role
President Commercial Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1, F2, F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 175,653 shares (Direct)
Footnotes (3)
- F1. 840 Shares owned outright.
- F2. 116,543 Restricted Stock Units (RSUs) granted on May 13, 2026, which will convert into an equivalent number of shares of Conduent Incorporated's common stock (Common Stock) upon vesting, that vest in equal 1/3 installments on December 31, 2026, December 31, 2027 and December 31, 2028;
- F3. 58,270 Performance Restricted Stock Units Share Price Hurdle (2026 PRSU-Share Hurdle awards); Award of performance restricted stock units that can only be settled in Common Stock. The 2026 PRSU-Share Hurdle award will cliff vest on December 31, 2028, subject to Conduent Incorporated's Common Stock meeting an average closing stock price over any 120 consecutive calendar day period during the measurement period of April 1, 2026 through December 31, 2028 (the "average closing price") of at least $2.50 per share. If an average closing price of $2.50/share is achieved, 25% is eligible to vest; if an average closing price of $3.00/share is achieved, 50% is eligible to vest; if an average closing price of $4.00/share is achieved, 75% is eligible to vest, and if an average closing price of $5.00/share or greater is achieved, 100% is eligible to vest, with linear interpolation between stock prices.
Key Figures
Total beneficial ownership: 175,653 shares
Shares owned outright: 840 shares
Restricted Stock Units: 116,543 RSUs
+5 more
8 metrics
Total beneficial ownership
175,653 shares
Total shares of CONDUENT Inc common stock beneficially owned following the reported holdings
Shares owned outright
840 shares
Common stock owned outright by George Wehbe
Restricted Stock Units
116,543 RSUs
RSUs granted May 13, 2026 that vest in three equal installments on December 31, 2026, 2027 and 2028
Performance RSUs
58,270 PRSUs
2026 PRSU-Share Hurdle awards that cliff vest on December 31, 2028 if stock-price conditions are met
Minimum stock-price hurdle
$2.50 per share
Average closing price required for 25% of the 2026 performance RSUs to be eligible to vest
Maximum stock-price hurdle
$5.00 per share
Average closing price at which 100% of the 2026 performance RSUs are eligible to vest
Measurement period start
April 1, 2026
Start of the 120-day measurement window for average closing stock-price hurdles
Cliff vesting date
December 31, 2028
Cliff vest date for the 2026 Performance Restricted Stock Units Share Price Hurdle awards
Key Terms
Restricted Stock Units (RSUs), Performance Restricted Stock Units Share Price Hurdle, cliff vest, average closing stock price, +1 more
5 terms
Restricted Stock Units (RSUs) financial
"116,543 Restricted Stock Units (RSUs) granted on May 13, 2026"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
cliff vest financial
"The 2026 PRSU-Share Hurdle award will cliff vest on December 31, 2028"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
average closing stock price financial
"subject to Conduent Incorporated's Common Stock meeting an average closing stock price"
linear interpolation financial
"100% is eligible to vest, with linear interpolation between stock prices"
FAQ
Who is the reporting insider in CNDT's latest Form 3?
The reporting insider is George Wehbe, who serves as President Commercial Solutions at CONDUENT Inc (CNDT). The Form 3 reports his initial beneficial ownership of the company’s common stock and related equity awards.
What restricted stock units (RSUs) does George Wehbe hold in CNDT?
He holds 116,543 RSUs granted on May 13, 2026, which convert into an equal number of CONDUENT Inc common shares upon vesting. These RSUs vest in three equal installments on December 31, 2026, 2027 and 2028.
What are the performance RSUs and price hurdles reported for CNDT?
George Wehbe holds 58,270 performance RSUs that cliff vest on December 31, 2028 if average closing stock-price hurdles are met between $2.50 and $5.00 per share over a 120-day period from April 1, 2026 to December 31, 2028.
How much of the CNDT performance RSUs can vest at each stock-price level?
For the 58,270 CNDT performance RSUs, 25% is eligible to vest at an average price of $2.50, 50% at $3.00, 75% at $4.00, and 100% at $5.00 or greater, with linear interpolation between these stock prices.
AI-generated analysis. How Rhea-AI works. Not financial advice.
