Form 4: Conduent Inc. Executive Adam D. Appleby Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP Adam D. Appleby reports changes in Conduent Inc. beneficial ownership due to tax withholding and cancellation of performance-based stock units.
Summary
- On December 31, 2024, Adam D. Appleby, an EVP at Conduent Inc., reported changes in his beneficial ownership of the company's common stock.
- 26,152 shares were disposed of to cover taxes on vested Restricted Stock Units at a price of $4.04 per share.
- Additionally, 31,560 shares related to a performance-restricted stock unit award granted on April 1, 2022, were cancelled because the share price condition was not met.
- Following these transactions, Appleby directly owns 257,854 shares of Conduent Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. The sentiment is neutral as it primarily reports factual information.
Negatives
- The cancellation of 31,560 performance restricted stock units suggests that performance targets were not achieved.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to equity compensation and tax obligations.
Stakeholder Impact
- The cancellation of performance-based stock units may signal to shareholders that certain performance goals were not met.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Date of grant for performance restricted stock unit award that was later cancelled. |
| 12/31/2024 | Date of the reported transactions: tax withholding and cancellation of performance-based stock units. |
| 01/02/2025 | Date of signature for the Form 4 filing. |
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