Company: CNDT
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001677703-25-000062
Chunk: 50

Company: CONDUENT Inc
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 50
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 June 30, 2024 to achieve the hurdles.

The 2021 PRSU—Share Hurdle parameters are documented below:

| Grant Date Common Stock Price: $7.50 
 Tranche                              |     | Share Hurdle Description      |     | Share   
 Hurdles |       |     | Share  Hurdle Achieved as of 6/30/2024 |     | Service Condition |     | Vesting                          |
|:-------------------------------------|:----|:------------------------------|:----|:--------|------:|:----|:---------------------------------------|:----|:------------------|:----|:---------------------------------|
| 1                                    |     | +20% stock price appreciation |     | $       |  9.00 |     | No                                     |     | June 30, 2022     |     | Service condition met;  Unvested |
| 2                                    |     | +40% stock price appreciation |     | $       | 10.50 |     | No                                     |     | June 30, 2023     |     | Service condition met; Unvested  |
| 3                                    |     | +60% stock price appreciation |     | $       | 12.00 |     | No                                     |     | June 30, 2024     |     | Service condition met;  Unvested |

As of June 30, 2024, none of the share hurdles for the 2021 PRSU—Share Hurdle awards were achieved and thus the corresponding shares were forfeited.

#### 2022 PRSUs
The 2022 PRSU—Share Hurdle awards were granted with three share price hurdles that required the average closing price of Conduent Common Stock to have increased by 15%, 30% or 50% during a consecutive 20-day trading period from the price of Conduent Common Stock on April 1, 2022, the long-term incentive grant date, a date consistent with Conduent’s previous granting practices. Price hurdle appreciation levels were set considering the five-year average annual returns of the S&P Small Cap 600 and Russell 2000 company indices as references, given their average market capitalization and the forecasted growth rates as compared with Conduent. None of the Share Hurdles were achieved by the final vest date of December 31, 2024 and thus the entire award was forfeited on December 31, 202