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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2023
Mar 17, 2023
30125_dirs_2023-03-17_23a2eb75-3d7c-49a9-963a-083b5725dde3.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: 2023-03-15
Reporting Person: Kim John Sunshin (EVP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-15 | Class A Common Stock | M | 2286 | — | Acquired | 18536 | Direct |
| 2023-03-15 | Class A Common Stock | F | 850 | $57.07 | Disposed | 17686 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-15 | Performance Stock Units | $ | M | 2286 | Disposed | Class A Common Stock (2286.0) | Direct |
Footnotes
F1: Reflects the settlement, in shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company"), of performance-based stock units ("PSUs"). The PSUs were originally granted on March 5, 2020 under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 16, 2023 and that portion of the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2023.
F2: Each PSU 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.