Rajesh Nambiar - Jun 15, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
President, Digital Business
Signature
/s/ Udele Lin, on behalf of Rajesh Nambiar, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Jun 15, 2022
Transactions value $
-$17,540
Form type
4
Date filed
6/17/2022, 05:22 PM
Previous 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 +609 +5.22% 12.3K Jun 15, 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$17.5K -256 -2.09% $68.52 12K Jun 15, 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 -609 -16.63% $0.00 3.05K Jun 15, 2022 Class A Common Stock 609 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 2/3rds of 1/7th of the restricted stock unit ("RSU") award granted on June 18, 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 A total of 6,403 RSUs were granted on June 18, 2021 under the Company's 2017 Incentive Award Plan and began vesting in 11 successive quarterly installments, commencing on September 15, 2021 (the "First Vesting Date"), with (i) 1/7th of the RSUs vesting on the First RSU Vesting Date, (ii) 1/7th of the RSUs vesting on each of the first and second three-month anniversaries of the First RSU Vesting Date, (iii) 2/3rds of 1/7th of the RSUs vesting on each of the third, fourth, fifth and sixth three-month anniversaries of the First RSU Vesting Date, (iv) 1/3rd of 1/7th of the RSUs vesting on each of the seventh, eight and ninth three-month anniversaries of the First RSU Vesting Date, and (v) the remainder of the RSUs vesting on the tenth three-month anniversary of the First RSU Vesting Date (March 15, 2024.)