Company: CNDT
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001677703-25-000062
Chunk: 49

Company: CONDUENT Inc
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 49
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 Group” section above.

Conduent’s rTSR percentile rank against the 2023-2024 proxy peer group will be measured over the period of April 1, 2024 through December 31, 2026 for both the April 1, 2024 and July 31, 2024 grants. At the end of the performance period, the rTSR results will be based on the following payout matrix:

| Conduent rTSR     |     | Payout % |
| >=75th Percentile |     | 150%     |
| Median            |     | 100%     |
| 25th Percentile   |     | 50%      |

Linear interpolation will be used for results between points. Final payout is subject to a cap of 100% if Conduent’s absolute TSR is negative over the performance period. There is also a total value cap of six times the target value at vest.

Although equity awards generally are granted on a regular annual cycle, the Compensation Committee may grant off-cycle equity awards for special purposes, such as new hires, promotions, retention and recognition. In conjunction with his hiring, Mr. McDaniel was the recipient of a new hire, annual equity award on July 31, 2024.

Once vested, all our long-term incentive awards, including RSUs and PRSUs, are paid out in the form of shares of Conduent Common Stock. Any dividends paid during the vesting period would be accrued and settled at the same time the underlying award vests.

The 2024 Long-Term Incentives provide direct alignment between shareholder value creation and earned compensation, and serve to help the Company attract and retain the talent needed to deliver our business strategies.

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### Performance Results and Payouts Under Prior Equity Awards

#### 2021 CFO LTIP Award PRSUs
In conjunction with his appointment to Executive Vice President and Chief Financial Officer, on June 30, 2021, Mr. Wood received a one-time long-term incentive award, which consisted of RSUs, 2021 PRSU—Share Hurdle awards, and 2021 PRSU—Revenue Hurdle awards. No other named executive officer received LTIP awards on June 30, 2021. The 2021 PRSU—Revenue Hurdle awards were not earned, as disclosed in the 2024 Proxy Statement. The 2021 PRSU—Share Hurdle award had until