Conduent president lists 182K equity interests
Anna Sever, Conduent President Government Solutions, reported beneficial ownership of 182,282 equity interests on the new Form 3.
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Form Type
3
Rhea-AI Filing Summary
CONDUENT Inc (CNDT) reported initial equity holdings for Anna Sever, President Government Solutions, on a Form 3. She beneficially holds 182,282 equity-based interests, consisting of 35,866 shares of common stock, 101,739 time-based RSUs, and performance-based PRSUs targeting 16,044 shares from 2024 awards and 28,633 shares from 2025 awards, all settled in common stock upon meeting vesting and performance conditions.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sever Anna
Role
President Government Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1, F2, F3, F4, F5, F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 182,282 shares (Direct)
Footnotes (6)
- F1. 35,866 Shares owned outright.
- F2. 101,739 restricted stock units (RSUs), which will convert into an equivalent number of shares of Conduent Incorporated's common stock (Common Stock) upon vesting, consisting of (i) 52,356 RSUs remaining from the August 31, 2025 grant, vesting in equal installments on August 31, 2026 and August 31, 2027, and (ii) 49,383 RSUs remaining from the April 1, 2025 grant, vesting in equal installments on December 31, 2026 and December 31, 2027;
- F3. 16,044 Performance Restricted Stock Units Relative Total Shareholder Return 2024 awards (2024 PRSU-rTSR awards); Award of performance restricted stock units (PRSUs) that can only be settled in Common Stock. The 2024 PRSU-rTSR award will cliff vest on August 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 August 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.
- F4. The vested shares are paid out within 60 days following the vesting date. The 2024 PRSU-rTSR 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.
- F5. 28,633 Performance Restricted Stock Units Relative Total Shareholder Return (2025 PRSU-rTSR awards); Award of PRSUs that can only be settled in Common Stock. The 2025 PRSU-rTSR award will cliff vest on December 31, 2027, subject to Conduent Incorporated's 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.
- F6. The vested shares are paid out within 60 days following the vesting date. The 2025 PRSU-rTSR 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.
Key Figures
Total equity-based interests: 182,282 shares
Common Stock owned outright: 35,866 shares
Restricted Stock Units (RSUs): 101,739 units
+3 more
6 metrics
Total equity-based interests
182,282 shares
Total beneficial holdings following the reported positions
Common Stock owned outright
35,866 shares
Shares of Conduent Inc common stock owned outright by Anna Sever
Restricted Stock Units (RSUs)
101,739 units
Time-based RSUs convertible into common stock upon vesting
2024 PRSU-rTSR target
16,044 units
Performance RSUs tied to relative TSR, cliff vesting on August 31, 2027
2025 PRSU-rTSR target
28,633 units
Performance RSUs tied to relative TSR, cliff vesting on December 31, 2027
Performance payout range
50%–150%
Payout range versus target for both 2024 and 2025 PRSU-rTSR awards
Key Terms
restricted stock units (RSUs), Performance Restricted Stock Units, relative total shareholder return, cliff vest, +1 more
5 terms
restricted stock units (RSUs) financial
"101,739 restricted stock units (RSUs), which will convert into an equivalent"
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.
Performance Restricted Stock Units financial
"16,044 Performance Restricted Stock Units Relative Total Shareholder Return"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
cliff vest financial
"The 2024 PRSU-rTSR award will cliff vest on August 31, 2027"
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.
fair market value financial
"capped at (i) 100%, if Conduent Incorporated's total shareholder return is negative, and (ii) 6x the fair market value"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is the insider in CONDUENT Inc (CNDT)'s Form 3 filing and what is their role?
The Form 3 identifies Anna Sever as the reporting person. She is an officer of Conduent Inc, serving as President Government Solutions, and this filing reports her initial beneficial ownership of the company’s equity-based interests.
What restricted stock units (RSUs) in CNDT does Anna Sever hold and when do they vest?
Anna Sever holds 101,739 RSUs, including 52,356 RSUs from an August 31, 2025 grant vesting on August 31, 2026 and August 31, 2027, and 49,383 RSUs from an April 1, 2025 grant vesting on December 31, 2026 and December 31, 2027.
What are the key terms of Anna Sever’s 2024 PRSU-rTSR awards in CNDT?
Her 2024 PRSU-rTSR award targets 16,044 shares and cliff vests on August 31, 2027, subject to Conduent’s relative total shareholder return from April 1, 2024 through December 31, 2026. Payout ranges from 50% at the 25th percentile to 150% at the 75th percentile, with caps on negative TSR and value.
What are the key terms of Anna Sever’s 2025 PRSU-rTSR awards in CNDT?
Her 2025 PRSU-rTSR award targets 28,633 shares and cliff vests on December 31, 2027, based on relative total shareholder return from April 1, 2025 through December 31, 2027. Payout similarly ranges from 50% to 150% of target, with caps on negative TSR and on maximum value.
How many total equity-based interests in CNDT does Anna Sever beneficially hold?
Anna Sever beneficially holds 182,282 equity-based interests, including common shares, RSUs, and PRSUs. This total reflects 35,866 common shares, 101,739 RSUs, and performance-based PRSU targets of 16,044 shares for 2024 and 28,633 shares for 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
