Conduent (CNDT) accounting officer logs RSU vesting, forfeiture and tax moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Conduent principal accounting officer George Joseph Abate reported several equity award-related share movements. On February 10, 2026 he disposed of 1,461 common shares through partial forfeiture of performance RSUs tied to total shareholder return and had 612 and 543 shares withheld at $1.43 per share to satisfy tax obligations on vested performance RSUs.
He also acquired 1,296 common shares upon vesting of performance RSUs linked to revenue growth, following certified payout percentages of 50% and approximately 22% for the respective programs. After these transactions, he directly owned 72,553 shares of Conduent common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Abate George Joseph
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 1,461 | $0.00 | -- |
| Tax Withholding | Common Stock | 612 | $1.43 | $875.16 |
| Grant/Award | Common Stock | 1,296 | $0.00 | -- |
| Tax Withholding | Common Stock | 543 | $1.43 | $776.49 |
Holdings After Transaction:
Common Stock — 72,412 shares (Direct)
Footnotes (1)
- This represents the partial forfeiture of performance restricted stock units granted on April 1, 2023 that were subject to vesting based upon a pre-established total shareholder return performance condition for the period of April 1, 2023 through December 31, 2025. Such performance restricted stock units vested on December 31, 2025, with a payout percentage of 50%, which was certified by Conduent Incorporated's Compensation Committee on February 10, 2026. Shares withheld to pay for taxes on Performance Restricted Stock Units that have vested. This represents the number of shares of common stock issued upon the vesting of certain performance restricted stock units granted to the reporting person on April 1, 2023 that were subject to vesting based upon a pre-established revenue growth performance condition for the period of January 1, 2023 through December 31, 2025. Such performance restricted stock units vested on December 31, 2025, with a payout percentage of approximately 22%, which was certified by Conduent Incorporated's Compensation Committee on February 10, 2026.
FAQ
What insider activity did Conduent (CNDT) report for George Joseph Abate?
Conduent reported that Principal Accounting Officer George Joseph Abate forfeited 1,461 common shares, had 612 and 543 shares withheld for taxes, and acquired 1,296 shares from vested performance RSUs. Following these equity award-related moves, he directly held 72,553 Conduent common shares.
What performance conditions governed the Conduent (CNDT) RSUs in this filing?
The filing describes two performance RSU programs: one based on total shareholder return from April 1, 2023 to December 31, 2025, and another based on revenue growth from January 1, 2023 to December 31, 2025. Certified payout percentages were 50% and approximately 22%, respectively.
What role does George Joseph Abate hold at Conduent (CNDT) in this Form 4?
The filing identifies George Joseph Abate as an officer of Conduent, serving as Principal Accounting Officer. His reported share movements relate to equity compensation, specifically performance restricted stock units with conditions based on total shareholder return and revenue growth over multi-year performance periods.