Robert Telesmanic - 15 Mar 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
SVP, Controller & CAO
Signature
/s/ Udele Lin, on behalf of Robert Telesmanic, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
15 Mar 2022
Net transactions value
-$138,603
Form type
4
Filing time
17 Mar 2022, 18:41:59 UTC
Previous filing
08 Mar 2022
Next filing
23 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +3,136 +23% 16,961 15 Mar 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability $138,603 -1,572 -9.3% $88.17 15,389 15 Mar 2022 Direct F3
holding CTSH Class A Common Stock 800 15 Mar 2022 By Parent's Estate F4

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 -3,136 -100% $0.000000* 0 15 Mar 2022 Class A Common Stock 3,136 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.
F4 The reporting person has been the Appointed Fiduciary of the estate since May 2015. Except to the extent of his pecuniary interest, the reporting person disclaims beneficial ownership of the securities held by the estate.