Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CTSH | Restricted Stock Units | Award | $0 | +16.8K | $0.00 | 16.8K | Mar 3, 2025 | Class A Common Stock | 16.8K | Direct | F1, F2 | ||
transaction | CTSH | Restricted Stock Units | Award | $0 | +7.18K | $0.00 | 7.18K | Mar 3, 2025 | Class A Common Stock | 7.18K | Direct | F3, F4 | ||
transaction | CTSH | Performance Stock Units | Award | $0 | +1.97K | $0.00 | 1.97K | Mar 3, 2025 | Class A Common Stock | 1.97K | Direct | F5, F6 |
Id | Content |
---|---|
F1 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company"). |
F2 | A total of 16,764 RSUs were granted on March 3, 2025, under the Company's 2023 Incentive Award Plan and will vest in twelve successive quarterly installments, with 1/12th of such RSUs first vesting on June 15, 2025, and each quarterly anniversary of such date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 15, 2028). |
F3 | Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. |
F4 | A total of 7,184 RSUs were granted on March 3, 2025 under the Company's 2023 Incentive Award Plan and will vest in twelve successive quarterly installments, with (i) 1/8th of such RSUs vesting on each of June 15, 2025 and the next three quarterly anniversaries of such date; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the following four quarterly anniversaries of such date; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the following three quarterly anniversaries of such date; and (iv) the remainder of such RSUs vesting on the eleventh quarterly anniversary of such date (March 15, 2028). |
F5 | Each performance-based stock unit ("PSU") represents a contingent right to receive one share of Class A Common Stock of the Company. |
F6 | Represents a portion of the 6,993 PSUs (a) that were originally granted on March 1, 2022, pursuant to the Company's 2017 Incentive Award Plan and (b) for which the Company's Compensation and Human Capital Committee (the "Committee") determined, on March 3, 2025, that approximately 28% of the related performance criteria had been satisfied. In accordance with the award agreement, in light of the Committee's determination regarding the satisfaction of performance criteria, the portion of the award shown in Table II above will vest and settle in Class A Common Stock of the Company on March 15, 2025, provided that the Reporting Person remains in the Company's service through such date. |