Kathryn Diaz - 15 Mar 2024 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP, Chief People Officer
Signature
/s/ Carrie P. Ryan, on behalf of Kathryn Diaz, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
15 Mar 2024
Transactions value $
$-95,669
Form type
4
Filing time
19 Mar 2024, 16:32:31 UTC
Previous filing
14 Mar 2024
Next filing
03 Apr 2024
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 +2,508 +30.2% 10,820 15 Mar 2024 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +1,293 +12% 12,113 15 Mar 2024 Direct F2, F3
transaction CTSH Class A Common Stock Tax liability $-95,669 -1,270 -10.5% $75.33 10,843 15 Mar 2024 Direct 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 -2,508 -100% $0.000000* 0 15 Mar 2024 Class A Common Stock 2,508 Direct F1, F2
transaction CTSH Performance Stock Units Options Exercise $0 -1,293 -100% $0.000000* 0 15 Mar 2024 Class A Common Stock 1,293 Direct F2, F3
* 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 February 23, 2021, under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 28, 2024, 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, 2024.
F2 Each PSU represents a contingent right to receive one share of Class A Common Stock of the Company.
F3 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 May 17, 2021, under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 28, 2024, 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, 2024.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.