Power John Kim - 01 Mar 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP & General Counsel
Signature
/s/ Udele Lin, on behalf of John Sunshin Kim, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
01 Mar 2022
Net transactions value
$0
Form type
4
Filing time
03 Mar 2022, 17:34:23 UTC
Previous filing
03 Jan 2022
Next filing
17 Mar 2022
SEC
View on sec.gov

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 +2,577 $0.000000 2,577 01 Mar 2022 Class A Common Stock 2,577 Direct F1, F2
transaction CTSH Restricted Stock Units Award $0 +9,615 $0.000000 9,615 01 Mar 2022 Class A Common Stock 9,615 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 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.