Gregory Hyttenrauch - May 23, 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
May 23, 2022
Transactions value $
-$73,923
Form type
4
Date filed
5/25/2022, 05:30 PM
Previous filing
Apr 5, 2022
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +1.83K +6.37% 30.6K May 23, 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$62.3K -867 -2.84% $71.84 29.7K May 23, 2022 Direct F3
transaction CTSH Class A Common Stock Options Exercise +342 +1.15% 30K May 23, 2022 Direct F2, F4
transaction CTSH Class A Common Stock Tax liability -$11.6K -162 -0.54% $71.84 29.9K May 23, 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 -1.83K -12.5% $0.00 12.8K May 23, 2022 Class A Common Stock 1.83K Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -342 -16.64% $0.00 1.71K May 23, 2022 Class A Common Stock 342 Direct F2, F6
* 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 February 23, 2021.
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 1/8th of the RSU award granted on February 23, 2021.
F5 A total of 21,953 RSUs were originally granted on February 23, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in in quarterly installments over three years, commencing on May 23, 2021, 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 (February 23, 2024.)
F6 A total of 4,116 RSUs were originally granted on February 23, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 23, 2021, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the twelfth vesting date (February 23, 2024.)