Jan Siegmund - 01 Mar 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Signature
/s/ Udele Lin, on behalf of Jan Siegmund, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
01 Mar 2022
Net transactions value
-$251,737
Form type
4
Filing time
03 Mar 2022, 17:49:06 UTC
Previous filing
28 Feb 2022
Next filing
25 May 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +1,867 +6.7% 29,861 01 Mar 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability $62,977 -734 -2.5% $85.80 29,127 01 Mar 2022 Direct F3
transaction CTSH Class A Common Stock Options Exercise +5,599 +19% 34,726 01 Mar 2022 Direct F2, F4
transaction CTSH Class A Common Stock Tax liability $188,760 -2,200 -6.3% $85.80 32,526 01 Mar 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 -1,867 -14% $0.000000 11,199 01 Mar 2022 Class A Common Stock 1,867 Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -5,599 -33% $0.000000 11,201 01 Mar 2022 Class A Common Stock 5,599 Direct F2, F6
transaction CTSH Restricted Stock Units Award $0 +26,223 $0.000000 26,223 01 Mar 2022 Class A Common Stock 26,223 Direct F2, F7
transaction CTSH Restricted Stock Units Award $0 +4,662 $0.000000 4,662 01 Mar 2022 Class A Common Stock 4,662 Direct F2, F8
* 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 grated on September 1, 2020.
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 the Company's Class A Common Stock received from the vesting of 2/3rds of 1/6th of the RSU award granted on September 1, 2020
F5 The RSUs were granted on September 1, 2020 under the Company's 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on December 1, 2020, 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 September 1, 2023.
F6 The RSUs were granted on September 1, 2020 under the Company's 2017 Incentive Award Plan and will vest in ten successive quarterly installments, commencing on December 1, 2020, with (i) 1/6th of the RSUs vesting on each of the first two vesting dates; (ii) 2/3rds of 1/6th of the RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/6th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the tenth vesting date. The RSUs will be fully vested on March 1, 2023.
F7 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.
F8 The RSUs were granted on March 1, 2022 under 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.