0001127602-23-012219.txt : 20230404
0001127602-23-012219.hdr.sgml : 20230404
20230404162618
ACCESSION NUMBER: 0001127602-23-012219
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230401
FILED AS OF DATE: 20230404
DATE AS OF CHANGE: 20230404
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: King Mark E
CENTRAL INDEX KEY: 0001945193
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37817
FILM NUMBER: 23798101
MAIL ADDRESS:
STREET 1: 100 CAMPUS DRIVE
STREET 2: SUITE 200
CITY: FLORHAM PARK
STATE: NJ
ZIP: 07932
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CONDUENT Inc
CENTRAL INDEX KEY: 0001677703
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 812983623
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 100 CAMPUS DRIVE
CITY: FLORHAM PARK
STATE: NJ
ZIP: 07932
BUSINESS PHONE: 844-663-2638
MAIL ADDRESS:
STREET 1: 100 CAMPUS DRIVE
CITY: FLORHAM PARK
STATE: NJ
ZIP: 07932
4
1
form4.xml
PRIMARY DOCUMENT
X0407
4
2023-04-01
0001677703
CONDUENT Inc
CNDT
0001945193
King Mark E
100 CAMPUS DRIVE
SUITE 200
FLORHAM PARK
NJ
07932
1
EVP, Government Solutions
0
Common Stock
2023-04-01
4
A
0
116618
3.43
A
200490
D
Common Stock
2023-04-01
4
A
0
40667
3.43
A
241157
D
RSU Awards of restricted stock units (RSUs) granted on April 1, 2023 that vest in equal amounts on December 31, 2023, December 31, 2024 and December 31, 2025. Each RSU converts to one share of Conduent Incorporated common stock (Common Stock) upon vesting.
Award of performance restricted stock units (PRSUs) that can only be settled in Common Stock. The PRSU award will cliff vest on December 31, 2025, subject to Conduent Incorporated's total shareholder return compared to its proxy peer group (rTSR) meeting certain thresholds. If Conduent Incorporated's rTSR achieves the 25th percentile (or higher) for the period April 1, 2023 through December 31, 2025, the shares will vest on December 31, 2025 and be adjusted and settled according to the following performance (with linear interpolation between points): 25th Percentile ranking is 50% payout; Median percentile ranking is 100% payout; and 75th percentile is 150% payout. The vested shares are paid out within 60 days following the vesting date. The PRSU award adjustment is capped at (i) 100%, if Conduent Incorporated's total shareholder return is negative, and (ii) 6x the fair market value of the target number of PRSUs on the date of grant.
/s/ Michael Krawitz, attorney-in-fact
2023-04-04