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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2021
Mar 17, 2021
30125_dirs_2021-03-17_53fdb2a9-f768-4ce0-97cc-4e6127c9e4e0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2021-03-14
Reporting Person: Morgenstern Ursula (President, Global Markets)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-14 | Class A Common Stock | M | 1052 | — | Acquired | 1052 | Direct |
| 2021-03-14 | Class A Common Stock | F | 493 | $77.77 | Disposed | 559 | Direct |
| 2021-03-14 | Class A Common Stock | M | 3157 | — | Acquired | 3716 | Direct |
| 2021-03-14 | Class A Common Stock | F | 1479 | $77.77 | Disposed | 2237 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-14 | Restricted Stock Units | $ | M | 1052 | Disposed | Class A Common Stock (1052.0) | Direct | |
| 2021-03-14 | Restricted Stock Units | $ | M | 3157 | Disposed | Class A Common Stock (3157.0) | Direct |
Footnotes
F1: Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/12th of the restricted stock unit ("RSU") award granted on December 14, 2020.
F2: Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
F3: Represents the number of 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 1/5th of the restricted stock unit ("RSU") award granted on December 14, 2020.
F5: The RSUs were granted on December 14, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on March 14, 2021, with 1/12th of the RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date. The RSUs will be fully vested on December 14, 2023.
F6: The RSUs were granted on December 14, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in nine successive quarterly installments, commencing on March 14, 2021, with (i) 1/5th of the RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of the RSUs vesting on each of the four successive vesting dates; and (iii) 1/3rd of 1/5th of the RSUs vesting on each of the next four successive vesting dates. The RSUs will be fully vested on March 14, 2023.