Robert Telesmanic - 16 Aug 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
16 Aug 2023
Transactions value $
-$29,700
Form type
4
Filing time
18 Aug 2023, 17:33:26 UTC
Previous filing
05 Jun 2023
Next filing
25 Aug 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 +576 +2.39% 24.7K 16 Aug 2023 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$29.7K -429 -1.74% $69.23 24.2K 16 Aug 2023 Direct F3
holding CTSH Class A Common Stock 800 16 Aug 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 Restricted Stock Units Options Exercise $0 -576 -9.09% $0.00 5.76K 16 Aug 2023 Class A Common Stock 576 Direct F2, F5
* 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 granted on February 16, 2023.
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 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.
F5 A total of 6,913 RSUs were originally granted on February 16, 2023, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 16, 2023, with1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (February 16, 2026).