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 | +9.62K | $0.00 | 9.62K | Mar 1, 2022 | Class A Common Stock | 9.62K | Direct | F3, F4 |
Id | Content |
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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 May 19, 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 Company's 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on June 1, 2022, 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 March 1, 2025. |