Conduent CFO receives RSU and PRSU stock awards
Conduent Inc. reported that EVP and Chief Financial Officer Giles Andrew Goodburn acquired common stock through equity awards.
Rhea-AI Filing Summary
Conduent Inc. reported that EVP and Chief Financial Officer Giles Andrew Goodburn acquired common stock through equity awards. He received 375,939 restricted stock units granted on April 1, 2026 that vest in equal amounts on December 31, 2026, December 31, 2027 and December 31, 2028, with each unit converting into one share upon vesting. He was also granted 187,969 performance restricted stock units that vest on December 31, 2028 only if both service and share-price conditions are met, with payout levels tied to average closing stock prices between $2.50 and $5.00 per share. Following these awards, he directly holds 945,699 shares of Conduent common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 375,939 | $1.33 | $500K |
| Grant/Award | Common Stock | 187,969 | $1.33 | $250K |
Footnotes (3)
- F1. RSU Awards of restricted stock units ("RSUs") granted on April 1, 2026 that vest in equal amounts on December 31, 2026, December 31, 2027 and December 31, 2028. 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 December 31, 2028 (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 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.
- 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
Vesting Date financial
average closing stock price financial
FAQ
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What insider transaction did Conduent (CNDT) report for its CFO?
How many RSUs did Conduent (CNDT) grant to its CFO and when do they vest?
What are the terms of the performance restricted stock units (PRSUs) granted by Conduent (CNDT)?
When will Conduent (CNDT) pay out vested PRSUs to its CFO?
AI-generated analysis. How Rhea-AI works. Not financial advice.