Company: CNDT
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001677703-25-000062
Chunk: 46

Company: CONDUENT Inc
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 46
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:|:--|
| Clifford Skelton |     | $            | 1,252,500 |     | $                | 901,800 |     |      | 72 | % |
| Stephen Wood     |     | $            |   482,927 |     | $                | 400,000 |     |      | 83 | % |
| Michael Krawitz  |     | $            |   440,215 |     | $                | 342,000 |     |      | 78 | % |
| Mark Prout       |     | $            |   337,500 |     | $                | 243,000 |     |      | 72 | % |
| Michael McDaniel |     | $            |   195,082 |     | $                | 165,820 |     |      | 85 | % |

The bonus target amounts for Mr. Wood and Mr. Krawitz were prorated for their February 1, 2024 increases in annual base salaries from $525,000 to $575,000, and $500,000 to $525,000, and target percentage increases from 80% to 85% and 75% to 85%, respectively. The bonus target for Mr. McDaniel was pro-rated based on his hire date of July 17, 2024. All other APIP target bonus levels for our named executive officers remained consistent from 2023 to 2024. Additional information about the short-term incentive opportunities is shown in the “Grants of Plan-Based Awards in 2024” table.

#### Long-Term Incentives
We provide long-term incentives to reward our named executive officers for sustained performance, as a retention incentive and to align the executive’s interests with shareholders to drive long-term value creation. Awards are intended to encourage a strong ownership stake in the Company to drive superior performance on long-term Company objectives. When determining long-term incentive awards, the Compensation Committee considers market data, relative impact of the executive’s position, responsibilities and role at Conduent and each named executive officer’s performance.

During the first fiscal quarter of 2024, the Compensation Committee approved LTIP grants for our named executive officers. As part of this approval, the Compensation Committee established performance goals and award values and an April 1, 2024 grant date for Messrs. Skelton, Wood, Krawitz and Prout. Mr. McDaniel received his annual long-term