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Cerence Inc. — Director's Dealing 2020
Nov 6, 2020
32790_dirs_2020-11-05_c39d1d1e-181f-4e2c-96bb-86ec8dc46578.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Cerence Inc. (CRNC)
CIK: 0001768267
Period of Report: 2020-11-03
Reporting Person: GALLENBERGER MARK J (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-11-03 | Common Stock | A | 7422 | $0.01 | Acquired | 71994 | Direct |
| 2020-11-03 | Common Stock | A | 10407 | $0.01 | Acquired | 82401 | Direct |
| 2020-11-03 | Common Stock | A | 41488 | $0.01 | Acquired | 123889 | Direct |
| 2020-11-03 | Common Stock | F | 15912 | $59.00 | Disposed | 107977 | Direct |
Footnotes
F1: Grant of Restricted Stock Units that will vest 100% on November 20, 2020, issued pursuant to the Company's FY2020 Short-Term Incentive Program.
F2: Shares are subject to a Restricted Stock Unit Agreement. Shares vest one-third on each of October 1, 2021, 2022, and 2023.
F3: These shares are pursuant to a performance-based restricted stock unit agreement with the Company whereby targets defined by the Compensation Committee were deemed to be achieved for fiscal year 2020.
F4: These shares were withheld by the Company to cover the tax liability due upon the vesting of the restricted stock award for the performance-based shares.