Becky Schmitt - Mar 1, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP and Chief People Officer
Signature
/s/ Udele Schmitt, on behalf of Becky Schmitt, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/3/2022, 05:45 PM
Previous filing
Feb 25, 2022
Next filing
May 5, 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 Restricted Stock Units Award $0 +1.17K $0.00 1.17K Mar 1, 2022 Class A Common Stock 1.17K Direct F1, F2
transaction CTSH Restricted Stock Units Award $0 +1.17K $0.00 1.17K Mar 1, 2022 Class A Common Stock 1.17K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
F2 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.
F3 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.