Robert Telesmanic - 15 Mar 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
SVP, Controller & CAO
Signature
/s/ Carrie P. Ryan, on behalf of Robert Telesmanic, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
15 Mar 2023
Transactions value $
-$190,386
Form type
4
Filing time
17 Mar 2023, 16:43:42 UTC
Previous filing
07 Mar 2023
Next filing
18 May 2023
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 +6,864 +35.51% 26,192 15 Mar 2023 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$190,385 -3,336 -12.74% $57.07 22,856 15 Mar 2023 Direct F3
holding CTSH Class A Common Stock 800 15 Mar 2023 By Parent's Estate F4

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 Performance Stock Units Options Exercise $0 -6,864 -100% $0* 0 15 Mar 2023 Class A Common Stock 6,864 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the settlement, in shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company"), of performance-based stock units ("PSUs"). The PSUs were originally granted on March 5, 2020 under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 16, 2023 and that portion of the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2023.
F2 Each PSU 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 The reporting person has been the Appointed Fiduciary of the estate since May 2015. Except to the extent of his pecuniary interest, the reporting person disclaims beneficial ownership of the securities held by the estate.