Becky Schmitt - 23 May 2021 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP and Chief People Officer
Signature
/s/ Bryan Jenkins, on behalf of Becky Schmitt, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
23 May 2021
Transactions value $
$-11,256
Form type
4
Filing time
25 May 2021, 18:10:57 UTC
Next filing
16 Jun 2021
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 +343 +1.45% 24,076 23 May 2021 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability $-11,256 -158 -0.66% $71.24 23,918 23 May 2021 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 -343 -12.5% $0.000000 2,401 23 May 2021 Class A Common Stock 343 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 1/8th of the restricted stock unit ("RSU") award granted on February 23, 2021.
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 RSUs were granted on February 23, 2021 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on May 23, 2021, with (i) 1/8th of the RSUs vesting on each of the first four vesting dates; (ii) 2/3rd of 1/8th of the RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the twelfth vesting date. The RSUs will be fully vested on February 23, 2024.