AI assistant
COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2023
Jan 17, 2023
30125_dirs_2023-01-17_75d3fa59-2df7-4269-98ee-ab4b989b5a58.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2023-01-12
Reporting Person: ROHLEDER STEPHEN J (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-12 | Deferred Stock Units | $ | A | 927 | Acquired | Class A Common Stock (927.0) | Direct | |
| 2023-01-12 | Restricted Stock Units | $ | A | 309 | Acquired | Class A Common Stock (309.0) | Direct |
Footnotes
F1: Each deferred stock unit ("DSU") represents a right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
F2: The Reporting Person elected, pursuant to the Company's Non-Employee Director Compensation Guidelines (the "Guidelines"), to receive fully vested shares of the Company's Class A Common Stock for 100% of the cash retainer awarded to him upon his appointment as Chair of the Board on January 12, 2023. The Reporting Person has also elected, pursuant to the Guidelines, to defer payment of the underlying shares until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability). The DSUs are fully vested.
F3: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's Class A Common Stock.
F4: The Reporting Person was awarded 309 RSUs upon his appointment as Chair of the Board on January 12, 2023. These RSUs will vest fully on January 12, 2024. The Reporting Person has elected, pursuant to the Guidelines, to defer payment of such RSUs (and corresponding dividend equivalents, if any) until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability).