Form 4: Conduent Executive Adam Appleby Acquires Shares

Adam D. Appleby, EVP, Public Sector at Conduent Inc., acquired 366,540 shares of common stock through restricted stock unit awards on April 1, 2026.

Summary

• Adam D. Appleby, Executive Vice President of Public Sector at Conduent Inc. (CNDT), acquired a total of 366,540 shares of common stock on April 1, 2026.
• The acquisition involved 244,360 Restricted Stock Units (RSUs) and 122,180 Performance Restricted Stock Units (PRSUs).
• The RSUs were granted on April 1, 2026, and vest in equal installments on December 31, 2026, December 31, 2027, and December 31, 2028.
• The PRSUs have service and share price vesting conditions. The service condition requires continued employment through December 31, 2028. The share price condition requires an average closing stock price of at least $2.50 per share over a 120-day period between April 1, 2026, and December 31, 2028, with vesting percentages increasing linearly up to $5.00 per share.
• Vested shares from PRSUs are paid out within 60 days following the vesting date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It details routine equity awards to an executive, which is standard practice, but provides no new financial or strategic information about the company's performance or outlook.

Positives

• Executive leadership is acquiring equity, indicating confidence in the company's future.
• The acquisition of RSUs and PRSUs suggests a long-term incentive structure aligned with executive retention and performance.
• The PRSU structure includes performance-based vesting tied to share price appreciation, potentially aligning executive interests with shareholder value.

Negatives

• The filing does not provide financial results or operational updates, making it difficult to assess the company's current performance.
• The PRSU vesting is contingent on achieving specific share price targets, which may not be met.

Risks

• The vesting of PRSUs is dependent on achieving specific average closing stock prices ($2.50, $3.00, $4.00, or $5.00), which introduces market risk.
• The service condition for PRSUs requires continued employment through December 31, 2028, meaning forfeiture if employment ceases before then.
• The filing does not provide context on the company's current financial health or market position, making it hard to evaluate the significance of these equity awards.

Future Outlook

The future outlook for the acquired shares is tied to the vesting conditions of the RSUs and PRSUs. RSUs are set to vest over the next three years, while PRSUs depend on continued employment and achieving specific average closing stock prices between $2.50 and $5.00.

Industry Context

StockSavvy.ai notes that the issuance of RSUs and PRSUs is a common practice in the technology and business services sector to attract, retain, and incentivize key executives. The performance-based component of the PRSUs reflects a trend towards aligning executive compensation with shareholder value creation, especially in companies seeking to demonstrate stock price appreciation.

Stakeholder Impact

• Shareholders: The acquisition of shares by an executive can be viewed positively as a sign of commitment, but the performance-based nature of PRSUs means actual value realization is contingent on stock performance.
• Employees: The PRSU structure may motivate employees if the executive's success is perceived to be linked to broader company performance.
• Management: Reinforces the alignment of executive incentives with long-term company value and stock price appreciation.

Next Steps

• Vesting of RSUs on December 31, 2026, December 31, 2027, and December 31, 2028.
• Achievement of PRSU performance conditions (average closing stock price targets) between April 1, 2026, and December 31, 2028.
• Settlement of vested PRSU shares within 60 days following the Vesting Date (December 31, 2028).

Key Dates

Keywords

Conduent, CNDT, Form 4, SEC Filing, Insider Trading, Stock Options, Restricted Stock Units, Performance Restricted Stock Units, Equity Awards, Executive Compensation, Adam Appleby