Company: CNDT
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001677703-25-000062
Chunk: 68

Company: CONDUENT Inc
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 68
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 $23,969, as calculated using 2024 payroll data in a similar manner. Based on these total compensation numbers, we estimate the ratio of the annual total compensation of our CEO to the median of the annual total compensation of all of our associates for 2024 was 282:1. This represents a reasonable estimate, calculated in a manner consistent with SEC regulations.

During our last completed fiscal year, we determined that there has been no change in our employee population or employee compensation programs that would significantly impact our 2024 CEO Pay Ratio. However, the median employee we identified in 2022 experienced a change to their compensation program impacting their compensation level. Thus, it was no longer appropriate to use the original median employee, and we selected a new median employee whose compensation was substantially similar to the compensation of the original median employee identified for 2022, based on the methodology used to select the original median employee as disclosed in our 2022 proxy statement.

The methodology to determine our median associate in 2022 included examining our total associate population, as of the December 31, 2022 determination date. The total associate population in 2022 consisted of approximately 62,000 associates. As is permitted under the SEC rules, we excluded associates from the following countries: Germany (1,118 associates) and Turkey (481 associates), which represented less than 5% of our total associate population as of the determination date. We then determined our “median associate” using the remaining associate population.

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We chose to use annual base compensation as our consistently applied compensation measure to determine our “median associate.” We determined annual base compensation for our salaried associates using base salary paid. We determined annual base compensation for our hourly paid associates by multiplying the hourly rate by the scheduled hours for the year. We annualized the compensation of all permanent associates in our population who were hired but did not work for us the entire year. Once we identified our median associate, we determined that person’s annual total compensation in accordance with the requirements of the Summary Compensation Table.

#### Definitions
Net ARR Activity: Projected Annual Recurring Revenue for contracts signed in the prior 12 months, less the annualized impact of any client losses, contractual volume and price changes, and other known impacts for which the company was notified in that same time period, which could positively or negatively impact results. The metric annualizes the net impact to revenue. Timing of revenue impact varies and may not be realized within the forward 12-month timeframe