[Form 4] Cerence Inc. Insider Trading Activity
Rhea-AI Filing Summary
Cerence Inc. (CRNC) reported an equity award to its Chief Executive Officer and director on a Form 4. On 11/21/2025, the executive acquired 552,766 shares of common stock at a price of $10.35 per share, classified as an acquisition transaction. Following this grant, the executive beneficially owns 1,458,753 shares of Cerence common stock in direct ownership.
The filing notes that this grant represents performance stock units (PSUs) achieved under the company’s FY25 plan, which are scheduled to vest in November 2027. This reflects a performance-based equity incentive aligning the CEO’s compensation with Cerence’s future results over the multi‑year performance period.
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FAQ
What did Cerence Inc. (CRNC) disclose in this Form 4 filing?
Cerence Inc. disclosed that its Chief Executive Officer and director acquired 552,766 shares of common stock on 11/21/2025 as part of a performance-based equity award.
Who is the reporting person in the Cerence (CRNC) Form 4 and what is their role?
The reporting person is the company’s Chief Executive Officer, who also serves as a director of Cerence Inc., as indicated in the relationship section.
How many Cerence (CRNC) shares does the CEO beneficially own after this transaction?
After the reported transaction, the CEO beneficially owns 1,458,753 shares of Cerence Inc. common stock in direct ownership.
What is the nature of the 552,766 Cerence (CRNC) shares reported in the Form 4?
The 552,766 shares represent achieved performance stock units (PSUs) under Cerence’s FY25 plan that are scheduled to vest in November 2027.
What transaction code and price are associated with the Cerence (CRNC) CEO’s share acquisition?
The Form 4 lists the transaction as an acquisition (A) of common stock at a price of $10.35 per share on 11/21/2025.
When will the reported Cerence (CRNC) performance stock units vest?
The filing states that the performance stock units associated with this award are expected to vest in November 2027, subject to the terms of the FY25 plan.