Rajesh Nambiar - Dec 15, 2021 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
President, Digital Business
Signature
/s/ Harry Demas, on behalf of Rajesh Nambiar, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Dec 15, 2021
Transactions value $
-$31,979
Form type
4
Date filed
12/17/2021, 02:46 PM
Previous filing
Nov 26, 2021
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +914 +9.7% 10.3K Dec 15, 2021 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$32K -388 -3.76% $82.42 9.94K Dec 15, 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 -914 -16.65% $0.00 4.58K Dec 15, 2021 Class A Common Stock 914 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 1/7th of the restricted stock unit ("RSU") award granted on June 18, 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 June 18, 2021 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in 11 successive quarterly installments, with (i) 1/7th of the RSUs vesting on September 15, 2020 (the "First RSU Vesting Date"), (ii) 1/7th of the RSUs vesting on each of the first and second three-month anniversaries of the First RSU Vesting Date, (iii) 2/3rds of 1/7th of the RSUs vesting on each of the third, fourth, fifth and sixth three-month anniversaries of the First RSU Vesting Date, (iv) 1/3rd of 1/7th of the RSUs vesting on each of the seventh, eight and ninth three-month anniversaries of the First RSU Vesting Date, and (v) the remainder of the RSUs vesting on the tenth three-month anniversary of the First RSU Vesting Date. The RSUs will be fully vested on March 15, 2024.