Gregory Hyttenrauch - Apr 1, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
President, Americas
Signature
/s/ Udele Lin, on behalf of Gregory Hyttenrauch, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Apr 1, 2022
Transactions value $
-$108,282
Form type
4
Date filed
4/5/2022, 06:52 PM
Previous filing
Mar 17, 2022
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +2.56K +9.34% 29.9K Apr 1, 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$108K -1.2K -4.02% $90.01 28.7K Apr 1, 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 -2.56K -25% $0.00 7.67K Apr 1, 2022 Class A Common Stock 2.56K Direct F2, F4
* 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 granted on December 2, 2019.
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 A total of 30,689 RSUs were originally granted on December 2, 2019 under the Company's 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on April 1, 2020, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (January 1, 2023).