Company: CNDT
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001677703-25-000062
Chunk: 41

Company: CONDUENT Inc
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 41
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 providing proactive advice on emerging trends and best practices;

• reviewed officer compensation levels and overall performance compared to general industry survey data and a peer group made up of organizations with which Conduent is likely to compete for business, investor capital and/or executive talent;

• reviewed incentive compensation designs for short-term and long-term programs;

• advised the Compensation Committee on the executive compensation peer group;

• reviewed the Compensation Discussion and Analysis and related compensation tables for inclusion in this Proxy Statement;

• attended Compensation Committee meetings, including meetings in executive session, as requested by the Compensation Committee chair;

• offered independent analysis and input on CEO compensation;

• assisted with non-employee director compensation; and

• reviewed the compensation risk assessment.

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Peer Group

Conduent’s 2023 Peer Group was used to benchmark 2023 compensation and assist in setting 2024 compensation for our named executive officers, as well as to review general pay practices and trends at that time. Additionally, this peer group is used to determine Total Shareholder Return performance for our 2024 PRSU—rTSR awards. The Compensation Committee reviewed the 2023 peer group in August 2023, and concluded that the peer group includes key business competitors, as well as companies that align with Conduent’s size, scope, and competitors for executive talent and investor capital. Further, Conduent’s revenue at that time, ranked near the median of the peer group:

| 2023 / 2024 Peer Group        |     |                             |
| Alight (ALIT)                 |     | ICF Intl (ICFI)             |
| CACI International Inc (CACI) |     | Leidos Holdings, Inc (LDOS) |
| CGI Group (GIB)               |     | Maximus, Inc (MMS)          |
| Concentrix (CNXC)             |     | TELUS Intl (TIXT)           |
| CSG Systems Intl (CSGS)       |     | TriNet Group (TNET)         |
| ExlService (EXLS)             |     | Veradigm (MDRX)             |
| Genpact LTD (G)               |     |                             |

In August 2024, the Committee reviewed the 2023/2024 peer group and approved the following changes: removed Leidos due to its larger size, removed Veradigm (delisted), and added TaskUs, a size-appropriate business competitor. The resulting