Conduent (CNDT) CFO has stock withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CONDUENT Inc EVP and Chief Financial Officer Giles Andrew Goodburn reported a routine tax-related share disposition. On the vesting of Restricted Stock Units, 4,571 shares of common stock were withheld at an implied price of $1.75 per share to cover taxes. Following this withholding, he directly holds 941,128 shares of CONDUENT common stock. This was a tax-withholding event rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Goodburn Giles Andrew
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,571 | $1.75 | $8K |
Holdings After Transaction:
Common Stock — 941,128 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 4,571 shares
Implied share price for withholding: $1.75 per share
Shares held after transaction: 941,128 shares
3 metrics
Shares withheld for taxes
4,571 shares
Withheld on RSU vesting to cover tax liability
Implied share price for withholding
$1.75 per share
Valuation used for tax-withholding disposition
Shares held after transaction
941,128 shares
CFO’s direct CONDUENT common stock ownership after withholding
Key Terms
Restricted Stock Units, tax-withholding disposition, Common Stock, EVP, Chief Financial Officer
4 terms
Restricted Stock Units financial
"Shares withheld to pay for taxes on Restricted Stock Units that have vested"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for RSU-related taxes"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title: Common Stock for the reported transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
EVP, Chief Financial Officer financial
"Goodburn Giles Andrew is listed as EVP, Chief Financial Officer"
FAQ
What insider transaction did CONDUENT (CNDT) report for its CFO?
CONDUENT’s CFO, Giles Andrew Goodburn, reported a tax-related share disposition. On Restricted Stock Unit vesting, 4,571 common shares were withheld to cover tax obligations, rather than sold on the open market, and his direct holdings were updated accordingly.
Was the CONDUENT (CNDT) CFO’s Form 4 a market sale or just tax withholding?
The transaction was tax withholding, not a market sale. Shares were withheld to pay taxes on Restricted Stock Units that vested, described as a tax-withholding disposition, meaning no discretionary open-market selling occurred in this reported event.