Company: CNDT
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001677703-25-000062
Chunk: 45

Company: CONDUENT Inc
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 45
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 performance goals were aligned with Conduent’s 2024 operating plan at the time they were established and designed to be challenging yet achievable.

(2) Results were adjusted to reflect budgeted full year revenue and EBITDA and ARR Activity for the divested businesses.

Total performance achievement was measured at 72% of target, and this funding level determined the size of the overall pool of funds available for short-term incentives, while actual short-term incentive payouts were determined on an individual-by-individual basis, based on performance and the overall funding.

#### Determining Short-Term Incentive Award Payouts
After the end of the fiscal year, the CFO confirms the financial results and communicates the results to the Compensation Committee. Subject to the Compensation Committee’s review and approval, any material unusual charges or gains are reviewed with the Compensation Committee for possible impact on APIP calculations.

Results for each performance measure are assessed and calculated independently. The weighted results of each measure are added together to determine overall performance results. Funding levels are made proportionately for achievement at levels between the goals. If threshold pre-established performance measures are achieved, the Compensation Committee retains discretion to determine an APIP funding level that differs from the calculated incentive funding level, or no APIP funding at all, as it deems appropriate. The Compensation Committee also retains its discretion to increase or decrease an individual APIP award based on individual performance, provided that the named executive officer’s award may never exceed their maximum payout of 200% of target.

2024 Performance for Short-Term Incentive Award Payouts

Following the certification of the financial results for 2024, the Compensation Committee reviewed the achievement of the performance measures under the 2024 APIP. Mr. Skelton and Mr. Prout received short-term incentives equal to the corporate funding level, based on the results stated above. The Compensation Committee granted short-term incentive awards differing from the approved funding level for Messrs. Wood, Krawitz and McDaniel to reflect individual contributions and performance results for the executive’s function or business unit. Details of the 2024 Target bonus and actual payouts are below:

| Executive        
 Bonus Target     
 Amount           |     | 2024         
 Actual Bonus 
 Amount       |           |     | 2024             
 Actual Bonus     
 as a % of Target |         |     | 2024 |    |   |
|:-----------------|:----|:-------------|----------:|:----|:-----------------|--------:|:----|:-----|---