Balu Ganesh Ayyar - Mar 1, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role: President, Digital Operations
Signature: /s/ Udele Lin, on behalf of Balu Ganesh Ayyar, by Power of Attorney
Stock symbol: CTSH
Transactions as of: Mar 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/3/2022, 05:22 PM
Previous filing: Jan 4, 2022
Next filing: Mar 8, 2022

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	Performance Stock Units	Award	$0	+2.58K		$0.00	2.58K	Mar 1, 2022	Class A Common Stock	2.58K		Direct	F1, F2
transaction	CTSH	Restricted Stock Units	Award	$0	+2.33K		$0.00	2.33K	Mar 1, 2022	Class A Common Stock	2.33K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance-based stock unit ("PSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
F2	Represents PSUs (a) that were originally granted on March 5, 2020 pursuant to the Company's 2017 Incentive Award Plan and (b) for which the Company's Compensation Committee (the "Committee") determined, on March 1, 2022, that the related performance criteria had been satisfied. In accordance with the award agreement, in light of the Committee's determination regarding the satisfaction of performance criteria, the award will vest and settle in Class A Common Stock of the Company on March 15, 2022, provided that the Reporting Person remains in the Company's service through such date.
F3	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's Class A Common Stock.
F4	The RSUs were granted on March 1, 2022 under the the Company's 2017 Incentive Award Plan and will vest in twelve successive quarterly installments, commencing on June 1, 2022, 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 four successive 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 March 1, 2025.