Andrew J. Stafford - Jan 9, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP, Head of Global Delivery
Signature
/s/ Udele Lin, on behalf of Andrew J. Stafford, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Jan 9, 2022
Transactions value $
-$121,689
Form type
4
Date filed
1/11/2022, 07:04 PM
Previous filing
Dec 13, 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 +3.02K +34.62% 11.7K Jan 9, 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$122K -1.39K -11.87% $87.42 10.3K Jan 9, 2022 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 -3.02K -33.33% $0.00 6.03K Jan 9, 2022 Class A Common Stock 3.02K 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 2/3rds of 1/6th of the restricted stock unit ("RSU") award granted on July 9, 2020.
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 July 9, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in 10 successive quarterly installments, commencing on October 9, 2020, with (i) 1/6th of the RSUs vesting on each of the first two vesting dates; (ii) 2/3rds of 1/6th of the RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/6th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the tenth vesting date. The RSUs will be fully vested on January 9, 2023.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney