Company: CNDT
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001677703-25-000062
Chunk: 43

Company: CONDUENT Inc
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 43
---
| Executive        |     | Annual Base Salary at 12/31/23 |     | Annual Base Salary at 12/31/24 |
| Clifford Skelton |     |                       $835,000 |     |                       $835,000 |
| Stephen Wood     |     |                       $525,000 |     |                       $575,000 |
| Michael Krawitz  |     |                       $500,000 |     |                       $525,000 |
| Mark Prout       |     |                       $450,000 |     |                       $450,000 |
| Michael McDaniel |     |                              — |     |                       $500,000 |

Effective February 1, 2024, base pay increases for Mr. Wood and Mr. Krawitz were made to better align base pay with internal and external peers. No other named executive officers received a base salary increase from 2023 to 2024. Mr. McDaniel was hired on July 17, 2024.

#### Short-Term Incentives
The Annual Performance Incentive Plan provides for short-term incentive awards that reward performance against our annual operating plan, paid in the form of cash to our named executive officers and other eligible associates. Each year, the Compensation Committee reviews the target short-term incentive award opportunity, scaled to the executive’s level of responsibility, and stated as a percentage of base salary, and the maximum payout opportunity.

The following chart reflects Conduent’s process for setting short-term incentive awards. This process typically takes place in the first quarter of the year.

Short-Term Incentive Target Award Opportunity for the Named Executive Officers

The annual short-term incentive target award opportunity for each of our named executive officers takes many factors into consideration, including scope of responsibility, expected contributions, internal pay equity and competitive executive compensation practices. If an executive’s role or responsibilities change after the terms of the award are approved, the Compensation Committee may adjust the short-term incentive target award opportunity at that time.

The table below depicts the APIP targets for 2023 and 2024 for our named executive officers. Increases were made to the short-term incentive target percentages from 2023 to 2024 for Mr. Wood and Mr. Krawitz to better align target levels with external market rates.

| Executive        |     | Target Short-Term Incentive as of 12/31/2023 
 (% of Base Salary)                           |     | Target Short-Term Incentive as of 12/31/202