Becky Schmitt - 03 Aug 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP and Chief People Officer
Signature
/s/ Udele Lin on behalf of Becky Schmitt, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
03 Aug 2022
Net transactions value
-$255,332
Form type
4
Filing time
05 Aug 2022, 16:25:14 UTC
Previous filing
03 Jun 2022
Next filing
25 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +8,318 +26% 40,751 03 Aug 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability $255,332 -3,715 -9.1% $68.73 37,036 03 Aug 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CTSH Restricted Stock Units Options Exercise $0 -8,318 -33% $0.000000 16,638 03 Aug 2022 Class A Common Stock 8,318 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 originally granted on February 3, 2020.
F2 Each RSU 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.
F4 A total of 99,824 RSUs were originally granted on February 3, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 3, 2020, 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 (February 3, 2023.)