Cerence (CRNC) director awarded 12,968 restricted shares at $0.01
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cerence Inc. director Marcy S. Klevorn received an equity award of 12,968 shares of common stock at $0.01 per share on 02/12/2026. The award is reported as an acquisition and appears to represent restricted stock units that convert into common shares as they vest.
After this grant, Klevorn directly owns 35,404 shares of Cerence common stock. The RSUs will vest on the earlier of the first anniversary of the grant date or the day immediately before Cerence’s next fiscal-year annual general meeting, tying vesting to both time and the company’s shareholder meeting schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Klevorn Marcy S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,968 | $0.01 | $129.68 |
Holdings After Transaction:
Common Stock — 35,404 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Cerence (CRNC) disclose for Marcy S. Klevorn?
Cerence reported that director Marcy S. Klevorn received an equity award of 12,968 shares of common stock on February 12, 2026. The grant was priced at $0.01 per share and is classified as an acquisition rather than an open-market purchase or sale.
What is the size and price of the equity award to Cerence (CRNC) director Marcy S. Klevorn?
The equity award to director Marcy S. Klevorn covers 12,968 shares of Cerence common stock at a price of $0.01 per share. It is reported as a grant or other acquisition, not as a market transaction, according to the Form 4 disclosure.
How do the RSUs granted to Cerence (CRNC) director Marcy S. Klevorn vest?
The restricted stock units granted to Marcy S. Klevorn vest on the earlier of two dates: the first anniversary of the grant date or the day immediately before Cerence’s next fiscal-year annual general meeting, aligning vesting with time and corporate governance events.
Is Marcy S. Klevorn a director or officer of Cerence (CRNC) in this filing?
In this filing, Marcy S. Klevorn is identified as a director of Cerence, not as an officer or 10% owner. The Form 4 indicates the relationship box for director is checked, confirming her board role in connection with the reported grant.
Was the Cerence (CRNC) insider transaction a buy or a grant?
The transaction was a grant or other acquisition, not an open-market buy. It is coded as an “A” transaction, described as a grant, award or other acquisition, and involves shares priced at $0.01, consistent with equity compensation rather than standard share purchases.