Kathryn Diaz - 06 Jun 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
06 Jun 2024
Transactions value $
-$21,882
Form type
4
Filing time
10 Jun 2024, 16:29:32 UTC
Previous filing
04 Jun 2024
Next filing
03 Jul 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 +934 +7.75% 13K 06 Jun 2024 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$21.9K -330 -2.54% $66.31 12.7K 06 Jun 2024 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 -934 -16.65% $0.00 4.68K 06 Jun 2024 Class A Common Stock 934 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 2/3rds of1/6th of the restricted stock unit ("RSU") award granted on September 6, 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 A total of 8,415 RSUs were originally granted on September 6, 2023 under the Company's 2023 Incentive Award Plan and will vest in 10 successive quarterly installments, commencing on December 6, 2023, with (i) 1/6th of the RSUs vesting on each of the first two vesting dates; (ii) 2/3rds of 1/6th of the RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/6th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the tenth vesting date (March 6, 2026).