Ursula Morgenstern - Dec 14, 2021 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
President, Global Markets
Signature
/s/ Harry Demas, on behalf of Ursula Morgenstern, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Dec 14, 2021
Transactions value $
-$120,036
Form type
4
Date filed
12/16/2021, 05:16 PM
Previous filing
Nov 26, 2021
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +1.05K +14.16% 8.49K Dec 14, 2021 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$40K -489 -5.76% $81.88 8K Dec 14, 2021 Direct F3
transaction CTSH Class A Common Stock Options Exercise +2.11K +26.31% 10.1K Dec 14, 2021 Direct F2, F4
transaction CTSH Class A Common Stock Tax liability -$80K -977 -9.67% $81.88 9.13K Dec 14, 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 -1.05K -11.12% $0.00 8.42K Dec 14, 2021 Class A Common Stock 1.05K Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -2.11K -25.01% $0.00 6.31K Dec 14, 2021 Class A Common Stock 2.11K Direct F2, F6
* 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 1/12th of the restricted stock unit ("RSU") award granted on December 14, 2020.
F2 Each RSU represents a contingent right to receive one share of Class A Common Stock of the Company.
F3 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F4 Shares of Class A Common Stock of the Company received from the vesting of 2/3rds of 1/5th of the RSU award granted on December 14, 2020.
F5 The RSUs were granted on December 14, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on March 14, 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 December 14, 2023.
F6 The RSUs were granted on December 14, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in nine successive quarterly installments, commencing on March 14, 2021, with (i) 1/5th of the RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of the RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/5th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the ninth vesting date. The RSUs will be fully vested on March 14, 2023.