Cerence (CRNC) director Douglas Davis awarded 12,968 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cerence Inc. director Douglas Lee Davis acquired 12,968 shares of common stock as a restricted stock unit award on February 12, 2026 at a price of $0.01 per share. Following this grant, he directly beneficially owns 39,544 common shares.
The RSUs will vest on the earlier of the first anniversary of the grant date or the day immediately before Cerence’s next fiscal year Annual General Meeting, aligning the director’s compensation with future company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAVIS DOUGLAS LEE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,968 | $0.01 | $129.68 |
Holdings After Transaction:
Common Stock — 39,544 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Cerence (CRNC) report for Douglas Lee Davis?
Douglas Lee Davis received a grant of 12,968 Cerence common shares as a restricted stock unit award at $0.01 per share. This equity award increases his direct beneficial ownership to 39,544 shares, reflecting part of his compensation as a member of Cerence’s board of directors.
When did the Douglas Lee Davis Form 4 transaction at Cerence (CRNC) occur?
The reported Cerence insider transaction took place on February 12, 2026. On that date, director Douglas Lee Davis was granted 12,968 restricted stock units at $0.01 per share, as disclosed in the Form 4 insider trading report filed with regulators.
What is the vesting schedule for Douglas Lee Davis’s new Cerence (CRNC) RSUs?
The 12,968 RSUs vest on the earlier of two dates. They vest either on the first anniversary of the grant date or the day immediately prior to Cerence’s next fiscal year Annual General Meeting, whichever comes first, tying vesting to board service timing.
Was the Cerence (CRNC) Douglas Lee Davis transaction a purchase or an award?
The Cerence transaction for Douglas Lee Davis was an equity award, not an open-market purchase. The Form 4 lists transaction code “A,” indicating a grant or other acquisition of 12,968 restricted stock units at a nominal price of $0.01 per share.