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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2023
Jul 5, 2023
30125_dirs_2023-07-05_87b3410c-063f-48e7-bd89-c1e1b8c37801.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: 2023-07-01
Reporting Person: Walker Robert C. (EVP & Pres, Global Growth Mkts)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-07-01 | Class A Common Stock | M | 1140 | — | Acquired | 8850 | Direct |
| 2023-07-01 | Class A Common Stock | F | 526 | $65.28 | Disposed | 8324 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-07-01 | Restricted Stock Units | $ | M | 1140 | Disposed | Class A Common Stock (1140.0) | Direct |
Footnotes
F1: Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 2/3rds of 1/6th of the restricted stock unit ("RSU") award granted on July 1, 2022.
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 10,264 RSUs were originally granted on July 1, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 10 successive quarterly installments, commencing on October 1, 2022, 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 such RSUs vesting on the tenth vesting date (January 1, 2025).