COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2021

Jul 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2021-07-09

Reporting Person: Stafford Andrew J (EVP, Head of Global Delivery)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-09	Class A Common Stock	M	3014	—	Acquired	10043	Direct
2021-07-09	Class A Common Stock	F	1396	$69.14	Disposed	8647	Direct
2021-07-09	Class A Common Stock	M	6783	—	Acquired	15430	Direct
2021-07-09	Class A Common Stock	F	3141	$69.14	Disposed	12289	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-09	Restricted Stock Units	$	M	3014	Disposed		Class A Common Stock (3014.0)	Direct
2021-07-09	Restricted Stock Units	$	M	6783	Disposed		Class A Common Stock (6783.0)	Direct

Footnotes

F1: Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 2/3rds of 1/6th of the restricted stock unit ("RSU") award granted on July 9, 2020.

F2: Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.

F3: Shares of the Company's Class A Common Stock withheld to pay applicable taxes.

F4: Shares of Class A Common Stock of the Company received from the vesting of 50% of the RSU award granted on July 9, 2020.

F5: The RSUs were granted on July 9, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in 10 successive quarterly installments, commencing on October 9, 2020, with (i) 1/6th of the RSUs vesting on each of the first two vesting dates; (ii) 2/3rds of 1/6th of the RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/6th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the tenth vesting date. The RSUs will be fully vested on January 9, 2023.

F6: The RSUs were granted on July 9, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in two equal annual installments, with 50% of the RSUs vesting on the one-year anniversary of the date of grant and the remaining 50% vesting on the two-year anniversary. The RSUs will be fully vested on July 9, 2022.