Cerence EVP Jennifer Salinas sells 66,153 shares
Cerence’s EVP Chief Admin Officer’s share sale was required to cover tax withholding on vested RSUs, rather than a discretionary trade.
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Rhea-AI Filing Summary
Jennifer Salinas, Cerence Inc.’s EVP Chief Admin Officer, sold 66,153 shares of common stock at $8.00 per share on October 7, 2026. Reported direct holdings after the sale were 627,876 shares. The sale covered tax withholding obligations connected with RSU vesting and was required under Cerence’s election under its equity incentive plans; it was not a discretionary trade. No Rule 10b5-1 plan is reported.
Insights
Analyzing...
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 66,153 | $8.00 | $529K |
Footnotes (1)
- F1. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
Key Figures
Key Terms
sell to cover financial
RSUs financial
tax withholding obligations financial
equity incentive plans financial
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