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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2023
May 18, 2023
30125_dirs_2023-05-18_4030d0ff-1c57-4d97-bac6-347e57e66f76.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: 2023-05-16
Reporting Person: Gummadi Surya (EVP and President, Americas)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-16 | Class A Common Stock | M | 753 | — | Acquired | 10465 | Direct |
| 2023-05-16 | Class A Common Stock | M | 1883 | — | Acquired | 12348 | Direct |
| 2023-05-16 | Class A Common Stock | F | 1302 | $61.98 | Disposed | 11046 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-16 | Restricted Stock Units | $ | M | 753 | Disposed | Class A Common Stock (753.0) | Direct | |
| 2023-05-16 | Restricted Stock Units | $ | M | 1883 | Disposed | Class A Common Stock (1883.0) | 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 16, 2023.
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 1/8th of the RSU award granted on February 16, 2023.
F4: Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5: A total of 9,041 RSUs were originally granted on February 16, 2023, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 16, 2023, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (February 16, 2026).
F6: A total of 15,069 RSUs were originally granted on February 16, 2023, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 16, 2023, 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 such RSUs vesting on the twelfth vesting date (February 16, 2026).