Gregory Hyttenrauch - Mar 15, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
President, North America
Signature
/s/ Udele Lin, on behalf of Gregory Hyttenrauch, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Mar 15, 2022
Transactions value $
-$104,481
Form type
4
Date filed
3/17/2022, 06:30 PM
Previous filing
Mar 8, 2022
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +2.58K +9.94% 28.6K Mar 15, 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$104K -1.19K -4.15% $88.17 27.4K Mar 15, 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 Performance Stock Units Options Exercise $0 -2.58K -100% $0.00* 0 Mar 15, 2022 Class A Common Stock 2.58K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the settlement, in shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company"), of performance-based stock units ("PSUs"). The PSUs were originally granted on March 5, 2020 under the Company's 2017 Incentive Award Plan. The performance conditions were determined to be satisfied on March 1, 2022 and the PSUs were vested and settled in Class A Common Stock of the Company on March 15, 2022.
F2 Each PSU 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.