Conduent (CNDT) CFO details performance stock vesting, forfeiture and taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Conduent EVP and CFO Giles Andrew Goodburn reported several equity-related transactions in company common stock on February 10, 2026. He disposed of 5,591 shares as a partial forfeiture of performance-based restricted stock units tied to total shareholder return, and 2,217 shares were delivered to the issuer at $1.43 per share to address tax obligations on vested units. He also acquired 4,958 shares at no cost upon vesting of separate performance restricted stock units tied to revenue growth, which paid out at approximately 22% of target. An additional 1,966 shares were withheld at $1.43 per share to satisfy tax liabilities. Following these transactions, he directly held 381,791 shares of Conduent common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Goodburn Giles Andrew
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 5,591 | $0.00 | -- |
| Disposition | Common Stock | 2,217 | $1.43 | $3K |
| Grant/Award | Common Stock | 4,958 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,966 | $1.43 | $3K |
Holdings After Transaction:
Common Stock — 381,016 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.