Form 4: Conduent Inc. Executive Stephen Henry Wood Reports Changes in Beneficial Ownership

Stephen Henry Wood, EVP and CFO of Conduent Inc., reports the disposition of shares to cover taxes and the cancellation of performance-based restricted stock units.

Summary

• On December 31, 2024, Stephen Henry Wood, the EVP and Chief Financial Officer of Conduent Inc., reported changes in his beneficial ownership of the company's stock.
• 64,015 shares of common stock were disposed of to cover taxes on vested Restricted Stock Units at a price of $4.04 per share.
• Additionally, 120,982 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, Wood directly owns 649,187 shares of Conduent Inc. common stock.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative due to the cancellation of performance-based stock units, indicating a failure to meet certain performance goals. However, the tax-related share disposal is a routine transaction.

Negatives

• The cancellation of 120,982 performance restricted stock units suggests that the performance targets for those units were not achieved.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership. It provides transparency into the transactions of company insiders, which is a standard practice in publicly traded companies.

Stakeholder Impact

• Shareholders may be concerned about the cancellation of performance-based stock units, as it suggests that the company did not meet its performance targets.

Key Dates