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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2022
May 25, 2022
30125_dirs_2022-05-25_8a282416-29cd-4cd8-9ff2-5b7d50ccd5cf.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: 2022-05-23
Reporting Person: Nambiar Rajesh (President, Digital Business)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-23 | Class A Common Stock | M | 2573 | — | Acquired | 11024 | Direct |
| 2022-05-23 | Class A Common Stock | F | 976 | $71.68 | Disposed | 10048 | Direct |
| 2022-05-23 | Class A Common Stock | M | 1710 | — | Acquired | 11758 | Direct |
| 2022-05-23 | Class A Common Stock | F | 649 | $71.68 | Disposed | 11109 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-05-23 | Restricted Stock Units | $ | M | 2573 | Disposed | Class A Common Stock (2573.0) | Direct | |
| 2022-05-23 | Restricted Stock Units | $ | M | 1710 | Disposed | Class A Common Stock (1710.0) | 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 February 23, 2021.
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 the Company's Class A Common Stock received from the vesting of 2/3rds of 1/8th RSU award granted on February 23, 2021.
F5: A total of 30,872 RSUs were originally granted on February 23, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 23, 2021, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (February 23, 2024.)
F6: A total of 20,581 RSUs were originally granted on February 23, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 23, 2021, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the twelfth vesting date (February 23, 2024.)