Power Sandra S. Wijnberg - 07 Jun 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
Director
Signature
/s/ Udele Lin, on behalf of Sandra S. Wijnberg, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
07 Jun 2022
Net transactions value
+$149,958
Form type
4
Filing time
09 Jun 2022, 17:52:41 UTC
Previous filing
12 May 2022
Next filing
10 Jun 2022
SEC
View on sec.gov

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 Award $0 +2,834 $0.000000 2,834 07 Jun 2022 Class A Common Stock 2,834 Direct F1, F2
transaction CTSH Deferred Stock Units Award $149,958 +2,024 $74.09 2,024 07 Jun 2022 Class A Common Stock 2,024 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
F2 The RSUs will vest fully on June 7, 2023. The Reporting Person has elected, pursuant to the Company's Non-Employee Director Compensation Guidelines (the "Guidelines"), to defer payment of such RSUs (and corresponding dividend equivalents, if any) until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability).
F3 Each deferred stock unit ("DSU") represents a right to receive one share of the Company's Class A Common Stock.
F4 The Reporting Person elected, pursuant to the Guidelines, to receive fully vested shares of the Company's Class A Common Stock for 100% of the annual cash retainers to which she is entitled for her service on the Company's Board of Directors and its committees. The Reporting Person has also elected, pursuant to the Guidelines, to defer payment of the underlying shares until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability). The DSUs are fully vested.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney