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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2024
Dec 7, 2024
30125_dirs_2024-12-06_6c4c0bbd-ccae-40d3-acc8-f0a32f20fe4b.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: 2024-12-04
Reporting Person: Dalal Jatin P (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-12-04 | Class A Common Stock | M | 2688 | — | Acquired | 17160 | Direct |
| 2024-12-04 | Class A Common Stock | M | 4333 | — | Acquired | 21493 | Direct |
| 2024-12-04 | Class A Common Stock | F | 3837 | $80.58 | Disposed | 17656 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-12-04 | Restricted Stock Units | $ | M | 2688 | Disposed | Class A Common Stock (2688) | Direct | |
| 2024-12-04 | Restricted Stock Units | $ | M | 4333 | Disposed | Class A Common Stock (4333) | Direct |
Footnotes
F1: Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the fully vested restricted stock unit ("RSU") award granted on December 4, 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 2/3rds of 1/5th of the RSU award granted on December 4, 2023.
F4: Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5: A total of 10,750 RSUs were originally granted on December 4, 2023, under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in four successive quarterly installments, commencing on March 4, 2024, with 1/4th of such RSUs vesting on each quarterly vesting date; and the remainder of such RSUs were fully vested on December 4, 2024.
F6: A total of 32,497 RSUs were granted on December 4, 2023 under the Company's 2023 Incentive Award Plan and will vest in nine successive quarterly installments, commencing on March 4, 2024, 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 vesting on the ninth vesting date (March 4, 2026).