Form 4: Conduent Inc. Executive Vice President, Chief Information Officer Mark Prout Reports Acquisition of Common Stock and Restricted Stock Units

Mark Prout, EVP and Chief Information Officer of Conduent Inc., reports the acquisition of common stock and restricted stock units on April 1, 2024.

Summary

• On April 1, 2024, Mark Prout, the EVP and Chief Information Officer of Conduent Inc., acquired 80,275 shares of common stock at a price of $3.27.
• Prout also acquired 46,857 performance restricted stock units (PRSUs) at a price of $3.27.
• Following these transactions, Prout's total beneficial ownership of Conduent Inc. common stock is 634,222 shares.
• The RSU awards vest in equal amounts on December 31, 2024, December 31, 2025 and December 31, 2026.
• The PRSU award will cliff vest on December 31, 2026, subject to Conduent Incorporated's total shareholder return compared to its proxy peer group (rTSR) meeting certain thresholds.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard SEC filing reporting transactions by an executive. The acquisition of shares could be seen as a slightly positive signal, but it's not definitive.

Positives

• The acquisition of shares by a high-ranking executive could be interpreted as a positive signal about the company's future prospects.

Future Outlook

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding executive compensation and ownership.

Key Dates