Cerence (CRNC) EVP granted 87,796 restricted stock units at $12.35
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schanz Nils
Role
EVP Product & Technology
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 87,796 | $12.35 | $1.08M |
Holdings After Transaction:
Common Stock — 342,682 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Cerence (CRNC) report in this Form 4?
The Form 4 reports that EVP Product & Technology Nils Schanz received a grant of 87,796 shares of Cerence common stock as restricted stock units on January 9, 2026.
How do the restricted stock units granted to Cerence executive Nils Schanz vest?
The restricted stock units granted to Nils Schanz vest in three equal installments, with one-third vesting on each of October 1, 2026, 2027, and 2028.
What is the role of the reporting person in this Cerence (CRNC) Form 4?
The reporting person, Nils Schanz, is an officer of Cerence Inc., serving as EVP Product & Technology, and filed the Form 4 as a single reporting person.
Does this Cerence (CRNC) Form 4 report any derivative securities?
No derivative securities are listed with transactions in the provided portion of the Form 4; the reported activity involves common stock via restricted stock units.