Ursula Morgenstern - Jun 14, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP
Signature
/s/ Udele Lin, on behalf of Ursula Morgenstern, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Jun 14, 2022
Transactions value $
-$67,327
Form type
4
Date filed
6/16/2022, 04:43 PM
Previous filing
Jun 3, 2022
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +1.05K +8.39% 13.6K Jun 14, 2022 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +1.05K +7.74% 14.6K Jun 14, 2022 Direct F2, F3
transaction CTSH Class A Common Stock Tax liability -$67.3K -992 -6.77% $67.87 13.7K Jun 14, 2022 Direct 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 Restricted Stock Units Options Exercise $0 -1.05K -14.28% $0.00 6.31K Jun 14, 2022 Class A Common Stock 1.05K Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -1.05K -25% $0.00 3.16K Jun 14, 2022 Class A Common Stock 1.05K 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 December 14, 2020.
F2 Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
F3 Shares of Class A Common Stock of the Company received from the vesting of 1/3rd of 1/5th of the RSU award granted on December 14, 2020.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5 A total of 12,627 RSUs were granted on December 14, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on March 14, 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 (December 14, 2023.)
F6 A total of 15,784 RSUs were granted on December 14, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in nine successive quarterly installments, commencing on March 14, 2021, with (i) 1/5th of such RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/5th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the ninth vesting date (March 14, 2023.)