Company: CNDT
Filing Date: 2025-05-27
Form Type: 8-K
Source: 0001677703-25-000095
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Company: CONDUENT Inc
Filing Date: 2025-05-27
Form: 8-K
Item: Item 5.02
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Item 5.02. Compensatory Arrangements of Certain Officers.

On May 20, 2025

The 2025 APIP Share Grant will vest based on achievement of the same performance metrics as have applied under the APIP historically, plus continued employment through March 30, 2026 with respect to 50% of the 2025 APIP Share Grant, and March 30, 2027 with respect to the remaining 50% of the 2025 APIP Share Grant.

In the event one of our named executive officers voluntarily terminates employment after March 30, 2026, a pro-rata portion of such officer’s APIP Share Grant will vest based on such officer’s length of service during the vesting period, subject to achievement of the applicable performance goals. In the event of an involuntary termination of employment of one of our named executive officers without cause, a pro-rata portion of such officer’s APIP Share Grant will vest based on such officer’s length of service during the vesting period but assuming such officer had continued employment with the Company during any period of time that such officer receives severance benefits from the Company, subject to achievement of the applicable performance goals. Please see Footnote B to the table under “ Potential Payments Upon Termination or Change in Control” of our Proxy Statement filed with the Securities and Exchange Commission ("SEC") on April 8, 2025 for more information regarding the Conduent U. S. Executive Severance Policy.

In the event of a qualified retirement, Messrs. Skelton and Goodburn would be entitled to full vesting of their APIP Share Grant, and our other named executive officers would be entitled to pro-rata vesting of their APIP Share Grant based on the officers’ length of service during the vesting period, in each case subject to achievement of the applicable performance goals. In the event of a change in control of the Company, the APIP Share Grant performance goals will be deemed satisfied, and the award will remain subject to continued time-based vesting and will be settled in cash. The APIP Share Grant will be subject to full accelerated vesting and deemed achievement of performance goals in the event of a qualifying termination of our named executive officers following a change in control of the Company.

Other than as described above, the material terms of the APIP (including the aggregate value of each named executive officer’s target APIP Award) remain unchanged from prior years. For more information regarding the terms of the APIP,