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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2022
Feb 26, 2022
30125_dirs_2022-02-25_7e2fda60-1c8f-4a7f-80f6-dc24484f9e25.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: 2022-02-23
Reporting Person: Nambiar Rajesh (President, Digital Business)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-23 | Class A Common Stock | M | 2572 | — | Acquired | 7516 | Direct |
| 2022-02-23 | Class A Common Stock | F | 1083 | $85.165 | Disposed | 6433 | Direct |
| 2022-02-23 | Class A Common Stock | M | 2576 | — | Acquired | 9009 | Direct |
| 2022-02-23 | Class A Common Stock | F | 1085 | $85.165 | Disposed | 7924 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-23 | Restricted Stock Units | $ | M | 2572 | Disposed | Class A Common Stock (2572.0) | Direct | |
| 2022-02-23 | Restricted Stock Units | $ | M | 2576 | Disposed | Class A Common Stock (2576.0) | 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 Class A Common Stock of the Company received from the vesting of 1/8th of the RSU award granted on February 23, 2021.
F5: The RSUs were granted on February 23, 2021 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on May 23, 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 February 23, 2024.
F6: The RSUs were granted on February 23, 2021 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on May 23, 2021, with (i) 1/8th of the RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of the RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the twelfth vesting date. The RSUs will be fully vested on February 23, 2024.