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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2022
Jul 12, 2022
30125_dirs_2022-07-12_1ba78a9f-e63f-4a1e-b121-c392e97de9fb.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: 2022-07-09
Reporting Person: Stafford Andrew J (EVP S&P Engineer.,Global Deliv)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-07-09 | Class A Common Stock | M | 1508 | — | Acquired | 8486 | Direct |
| 2022-07-09 | Class A Common Stock | M | 6784 | — | Acquired | 15270 | Direct |
| 2022-07-09 | Class A Common Stock | F | 3878 | $67.02 | Disposed | 11392 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-07-09 | Restricted Stock Units | $ | M | 1508 | Disposed | Class A Common Stock (1508.0) | Direct | |
| 2022-07-09 | Restricted Stock Units | $ | M | 6784 | Disposed | Class A Common Stock (6784.0) | Direct |
Footnotes
F1: Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/3rd 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 Class A Common Stock of the Company received from the vesting of 50% of the RSU award granted on July 9, 2020.
F4: Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5: A total of 27,134 RSUs were originally granted on July 9, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 10 successive quarterly installments, commencing on October 9, 2020, with (i) 1/6th of such RSUs vesting on each of the first two vesting dates; (ii) 2/3rds of 1/6th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/6th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the tenth vesting date (July 9, 2023).
F6: A total of 13,567 RSUs were originally granted on July 9, 2020 under the Company's 2017 Incentive Award Plan and such RSUs vested 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 (July 9, 2022).