Form 4: Conduent Inc. Executive Adam D. Appleby Reports Acquisition of Common Stock and Restricted Stock Units

EVP Adam D. Appleby reports acquiring common stock and restricted stock units in Conduent Inc.

Summary

• Adam D. Appleby, an EVP at Conduent Inc., reported acquiring 120,370 shares of common stock at $2.7 per share on April 1, 2025.
• Appleby also acquired 46,298 performance-based restricted stock units (PRSUs) at $2.7 per share on the same date.
• Following these transactions, Appleby beneficially owns 424,522 shares of Conduent Inc. common stock.
• The reported transactions include RSU awards that vest in equal amounts on December 31, 2025, December 31, 2026 and December 31, 2027.
• The PRSU award will cliff vest on December 31, 2027, subject to Conduent Incorporated's total shareholder return compared to its proxy peer group (rTSR) meeting certain thresholds.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing indicating an executive's stock transactions. The increased holdings could be seen as a slightly positive signal.

Positives

• Executive's increased stake in the company may signal confidence in Conduent's future performance.

Future Outlook

The vesting of RSUs and PRSUs is contingent upon continued employment and, in the case of PRSUs, Conduent's total shareholder return compared to its peer group.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Conduent Inc, Adam D Appleby, Form 4, Beneficial Ownership, Restricted Stock Units, Common Stock, Executive Compensation