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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2023
Oct 3, 2023
30125_dirs_2023-10-03_f724019b-b38d-4805-9c93-c14eb041b0eb.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: 2023-09-29
Reporting Person: Kim John Sunshin (EVP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-09-29 | Class A Common Stock | M | 882 | — | Acquired | 24397 | Direct |
| 2023-09-29 | Class A Common Stock | F | 473 | $67.74 | Disposed | 23924 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-09-29 | Restricted Stock Units | $ | M | 882 | Disposed | Class A Common Stock (882) | Direct |
Footnotes
F1: Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/3rd of 1/8th of the restricted stock unit ("RSU") award originally granted on March 29, 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: A total of 21,137 RSUs were originally granted on March 29, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 29, 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 the RSUs vesting on the twelfth vesting date (March 29, 2024).