Gregory Hyttenrauch - Jun 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
Jun 1, 2022
Transactions value $
-$46,808
Form type
4
Date filed
6/3/2022, 06:24 PM
Previous filing
May 25, 2022
Next filing
Jun 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +728 +2.44% 30.6K Jun 1, 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$26K -350 -1.14% $74.18 30.2K Jun 1, 2022 Direct F3
transaction CTSH Class A Common Stock Options Exercise +583 +1.93% 30.8K Jun 1, 2022 Direct F2, F4
transaction CTSH Class A Common Stock Tax liability -$20.8K -281 -0.91% $74.18 30.5K Jun 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 -728 -8.33% $0.00 8.01K Jun 1, 2022 Class A Common Stock 728 Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -583 -12.5% $0.00 4.08K Jun 1, 2022 Class A Common Stock 583 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 March 1, 2022.
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 1/8th of the RSU award granted on March 1, 2022.
F5 A total of 8,740 RSUs were originally granted on March 1, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2022, with 1/12th of such RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2025.)
F6 A total of 4,663 RSUs were originally granted on March 1, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 12 successive quarterly installments, commencing on June 1, 2022, with (i) 1/8th of such RSUs vesting on the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the four successive 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 the RSUs vesting on the twelfth vesting date (March 1, 2025.)