COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2022

Mar 4, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2022-03-02

Reporting Person: ROHLEDER STEPHEN J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-02	Restricted Stock Units	$	A	600	Acquired		Class A Common Stock (600.0)	Direct
2022-03-02	Deferred Stock Units	$	A	257	Acquired		Class A Common Stock (257.0)	Direct

Footnotes

F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").

F2: The RSUs will vest fully on March 2, 2023. The Reporting Person has elected, pursuant to the Company's Non-Employee Director Compensation Guidelines (the "Guidelines"), to defer payment of such RSUs (and corresponding dividend equivalents, if any) until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability).

F3: Each deferred stock unit ("DSU") represents a right to receive one share of the Company's Class A Common Stock.

F4: The Reporting Person elected, pursuant to the Guidelines, to receive fully vested shares of the Company's Class A Common Stock for 100% of his cash retainer awarded on the date of joining the Company's Board of Directors. The Reporting Person has also elected, pursuant to the Guidelines, to defer payment of the underlying shares until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability). The DSUs are fully vested.