Rajesh Nambiar - Jun 4, 2021 Form 3 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
President, Digital Business
Signature
/s/ Bryan Jenkins, on behalf of Rajesh Nambiar, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Jun 4, 2021
Transactions value $
$0
Form type
3
Date filed
6/14/2021, 06:11 PM
Next filing
Jun 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CTSH Class A Common Stock 2.96K Jun 4, 2021 Direct

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
holding CTSH Restricted Stock Units Jun 4, 2021 Class A Common Stock 28.3K Direct F1, F2
holding CTSH Restricted Stock Units Jun 4, 2021 Class A Common Stock 18K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units (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 1/12th of the RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date. The RSUs will be fully vested on February 23, 2024.
F2 Each RSU represents a contingent right to receive one share of the Class A Common Stock of Cognizant Technology Solutions Corporation.
F3 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) 2/3rds 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.

Remarks:

Mr. Nambiar was appointed Executive Vice President and President, Digital Business & Technology of Cognizant Technology Solutions Corporation's consolidated group of companies on June 4, 2021. Exhibit List: Exhibit 24 - Power of Attorney