Cerence EVP granted 87,796 restricted shares
Cerence Inc. executive Nils Schanz, EVP Product & Technology, reported receiving a grant of 87,796 shares of common stock on January 9, 2026.
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Rhea-AI Filing Summary
Cerence Inc. executive Nils Schanz, EVP Product & Technology, reported receiving a grant of 87,796 shares of common stock on January 9, 2026. The filing describes this as a grant of restricted stock units under a Restricted Stock Unit Agreement at a reported price of $12.35 per share. According to the footnote, the shares vest in three equal installments, with one-third vesting on each of October 1, 2026, 2027, and 2028. After this grant, Schanz beneficially owns 342,682 shares of Cerence common stock, held directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 87,796 | $12.35 | $1.08M |
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cerence (CRNC) report in this Form 4?
How do the restricted stock units granted to Cerence executive Nils Schanz vest?
What is the role of the reporting person in this Cerence (CRNC) Form 4?
Does this Cerence (CRNC) Form 4 report any derivative securities?
AI-generated analysis. How Rhea-AI works. Not financial advice.