Cerence CEO granted 263,338 restricted stock units
Cerence Inc. chief executive officer Brian M. Krzanich reported an equity award of 263,338 shares of common stock on January 9, 2026.
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Rhea-AI Filing Summary
Cerence Inc. chief executive officer Brian M. Krzanich reported an equity award of 263,338 shares of common stock on January 9, 2026. The filing shows these shares at a reference price of $12.35 per share and indicates he beneficially owned 1,722,091 shares of Cerence common stock after this grant, held directly.
According to a footnote, the award is structured as restricted stock units under a Restricted Stock Unit Agreement. The units are scheduled to vest in three equal installments, with one-third of the shares vesting on each of October 1, 2026, October 1, 2027 and October 1, 2028, tying the compensation to continued service over that period.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 263,338 | $12.35 | $3.25M |
Footnotes (1)
- F1. Grant of Restricted Stock Units subject to the Restricted Stock Unit Agreement. Shares vest one-third on each of October 1, 2026, 2027, and 2028.
FAQ
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What insider transaction did Cerence (CRNC) report for its CEO?
What type of equity award did the Cerence CEO receive in this Form 4?
How do the Cerence CEO’s restricted stock units vest?
What was the reference price for the Cerence CEO’s stock grant?
Is the Cerence CEO’s ownership reported as direct or indirect?
AI-generated analysis. How Rhea-AI works. Not financial advice.