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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2024
Mar 5, 2024
30125_dirs_2024-03-05_97009188-383b-448a-a9ec-2e1b55980231.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: 2024-03-01
Reporting Person: Gummadi Surya (EVP and President, Americas)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | Class A Common Stock | M | 367 | — | Acquired | 22113 | Direct |
| 2024-03-01 | Class A Common Stock | M | 380 | — | Acquired | 22493 | Direct |
| 2024-03-01 | Class A Common Stock | F | 254 | $78.61 | Disposed | 22239 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-01 | Restricted Stock Units | $ | M | 367 | Disposed | Class A Common Stock (367) | Direct | |
| 2024-03-01 | Restricted Stock Units | $ | M | 380 | Disposed | Class A Common Stock (380) | 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 March 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 vesting of 2/3rds of 1/8th of the RSU award granted on March 1, 2022.
F4: Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5: A total of 4,404 RSUs were originally granted on March 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 June 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 (March 1, 2025).
F6: A total of 4,568 RSUs were originally granted on March 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 June 1, 2022, 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 four successive 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 the RSUs vesting on the twelfth vesting date (March 1, 2025).