Company: CNDT
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001677703-25-000062
Chunk: 44

Company: CONDUENT Inc
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 44
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4 
 (% of Base Salary)                           |
| Clifford Skelton |     | 150%                                         |     | 150%                                         |
| Stephen Wood     |     | 80%                                          |     | 85%                                          |
| Michael Krawitz  |     | 75%                                          |     | 85%                                          |
| Mark Prout       |     | 75%                                          |     | 75%                                          |
| Michael McDaniel |     | N/A                                          |     | 85%                                          |

#### Short-Term Incentive Performance Measures
The Compensation Committee established the APIP for 2024 pursuant to which each named executive officer is eligible to receive an incentive payout, assuming Conduent attains certain pre-established performance goals. In 2024, the performance goals for the APIP were designed to align with Conduent’s overall strategies, goals and objectives. Our 2024 performance goals were based on Adjusted Re venue, Adjusted EBITDA Margin and Net ARR Activity. The target for Adjusted Revenue was lower than our 2023 target and actual results, due to business runoff from prior years and lower volumes with some discrete drivers in our Government business. The defined APIP measures were designed to give a clear line of sight to key business results and to encourage growth in revenue without eroding margin.

Our targets were consistent with our overall budget for the year, as well as initial guidance provided to investors. The Compensation Committee did not amend the goals under the APIP for 2024 or exercise discretion to increase or decrease funding under the APIP. The 2024 APIP plan focused on Conduent’s growth a nd efficiency

goals, while additional consideration was given to our quality goals, and is in alignment with our business strategy. Our defined APIP metrics were measured as follows:

#### •

#### Adjusted Revenue (40% weight)
#### •

#### Adjusted EBITDA Margin (40% weight)
#### •

#### Net ARR Activity (20% weight)
(Please see “Definitions” and “Non-GAAP Financial Measures” on page 49 of this Proxy Statement for full definitions and reconciliations.)

The APIP funding level for achieving threshold performance is 25% of target. The APIP funding level for achieving target performance is 100% of target, and the APIP funding level for achieving maximum performance is 150% of target. Performance below threshold results in zero APIP funding. Performance results and APIP funding levels are interpolated between these