Rajesh Nambiar - 23 Feb 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
President, Digital Business
Signature
/s/ Udele Lin, on behalf of Rajesh Nambiar, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
23 Feb 2022
Transactions value $
-$184,638
Form type
4
Filing time
25 Feb 2022, 18:21:21 UTC
Previous filing
15 Feb 2022
Next filing
03 Mar 2022
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 +2.57K +52.02% 7.52K 23 Feb 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$92.2K -1.08K -14.41% $85.17 6.43K 23 Feb 2022 Direct F3
transaction CTSH Class A Common Stock Options Exercise +2.58K +40.04% 9.01K 23 Feb 2022 Direct F2, F4
transaction CTSH Class A Common Stock Tax liability -$92.4K -1.09K -12.04% $85.17 7.92K 23 Feb 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 -2.57K -11.11% $0.00 20.6K 23 Feb 2022 Class A Common Stock 2.57K Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -2.58K -20.04% $0.00 10.3K 23 Feb 2022 Class A Common Stock 2.58K 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 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 Shares of Class A Common Stock of the Company received from the vesting of 1/8th of the RSU award granted on February 23, 2021.
F5 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.
F6 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.