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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2023
May 19, 2023
30125_dirs_2023-05-19_83bb2957-1e31-4266-91e2-8ee072b5922b.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: 2023-05-17
Reporting Person: Diaz Kathryn (SVP & Interim Chief People Off)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-17 | Class A Common Stock | M | 89 | — | Acquired | 4621 | Direct |
| 2023-05-17 | Class A Common Stock | M | 118 | — | Acquired | 4739 | Direct |
| 2023-05-17 | Class A Common Stock | F | 72 | $62.76 | Disposed | 4667 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-17 | Restricted Stock Units | $ | M | 89 | Disposed | Class A Common Stock (89.0) | Direct | |
| 2023-05-17 | Restricted Stock Units | $ | M | 118 | Disposed | Class A Common Stock (118.0) | 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 May 17, 2021.
F2: Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
F3: Shares of Class A Common Stock of the Company received from the vesting of 1/3rd or 1/7th of the RSU award granted on May 17, 2021.
F4: Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5: A total of 1,061 RSUs were originally granted on May 17, 2021, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on August 17, 2021, with 1/12th of such RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date (May 17, 2024).
F6: A total of 2,477 RSUs were originally granted on May 17, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 11 successive quarterly installments, commencing on August 17, 2021, with (i) 1/7th of such RSUs vesting on each of the first three vesting dates; (ii) 2/3rds of 1/7th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/7th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the eleventh vesting date (February 17, 2024).