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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2023
Jan 4, 2023
30125_dirs_2023-01-04_d01035d4-2175-4ec1-ac49-2e3f55ed68f4.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: 2023-01-01
Reporting Person: Gummadi Surya (SVP, Americas (Interim))
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-01 | Class A Common Stock | M | 367 | — | Acquired | 4612 | Direct |
| 2023-01-01 | Class A Common Stock | M | 60 | — | Acquired | 4672 | Direct |
| 2023-01-01 | Class A Common Stock | F | 172 | $57.19 | Disposed | 4500 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-01 | Restricted Stock Units | $ | M | 367 | Disposed | Class A Common Stock (367.0) | Direct | |
| 2023-01-01 | Restricted Stock Units | $ | M | 60 | Disposed | Class A Common Stock (60.0) | 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 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 Class A Common Stock of the Company received from the fully vested RSUs award granted on September 13, 2020.
F4: Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5: A total of 4,409 RSUs were originally granted on July 1, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on October 1, 2022, 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 (July 1, 2025).
F6: A total of 902 RSUs were originally granted on September 13, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 9 successive quarterly installments, commencing on January 1, 2021, with (i) 1/5th of such RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/5th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs were fully vested on the ninth vesting date (January 1, 2023).