Conduent grants 145K RSUs to EVP Novoseletsky
Conduent’s EVP and General Counsel received time-based RSUs and performance-based PRSUs tied to multi-year share price and service conditions.
Rhea-AI Filing Summary
CONDUENT Inc (symbol: CNDT) is the issuer of record for a Form 4 filing submitted to the SEC. Novoseletsky Anna Rose reported acquisition or exercise transactions in this Form 4 filing.
CONDUENT Inc (CNDT) reported that executive officer Anna Rose Novoseletsky, EVP, GC & Secretary, received equity awards in the form of common-stock-based units on August 31, 2026. These include a grant of 145,348 RSUs vesting in three equal annual installments from August 31, 2027 through August 31, 2029, and 72,674 PRSUs that vest on August 31, 2029 only if both continued service and specified share-price hurdles between $2.50 and $5.00 per share are achieved. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 145,348 | $0.00 | $0.00 |
| Grant/Award | Common Stock F2, F3 | 72,674 | $0.00 | $0.00 |
Footnotes (3)
- F1. RSU Awards of restricted stock units ("RSUs") granted on August 31, 2026 that vest in equal amounts on August 31, 2027, August 31, 2028 and August 31, 2029. Each RSU converts to one share of Conduent Incorporated common stock ("Common Stock") upon vesting.
- F2. Award of performance restricted stock units ("PRSUs") that can only be settled in Common Stock. PRSUs have two vesting conditions - a service condition and a share price condition. The service condition requires continued employment through August 31, 2029 (the "Vesting Date"). The share price condition requires an average closing stock price over any 120 consecutive calendar day period during the measurement period of August 31, 2026 through August 31, 2029 (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.
- F3. Vested shares are paid out within 60 days following the Vesting Date. Each PRSU converts to one share of Common Stock upon vesting.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
performance restricted stock units ("PRSUs") financial
service condition financial
Vesting Date financial
average closing stock price financial
FAQ
What equity awards did CNDT grant to EVP, GC & Secretary Anna Rose Novoseletsky?
How do the RSUs granted to the Conduent (CNDT) executive vest?
What are the performance conditions for the PRSUs granted by CNDT?
When will the performance RSUs for Conduent (CNDT) be paid if they vest?
Were the CNDT equity grants to the executive made under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.