Power John Kim - 29 Jun 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP & General Counsel
Signature
/s/ Udele Lin, on behalf of John Sunshin Kim, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
29 Jun 2022
Net transactions value
-$65,672
Form type
4
Filing time
01 Jul 2022, 17:51:31 UTC
Previous filing
17 Jun 2022
Next filing
06 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +1,760 +15% 13,475 29 Jun 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability $65,672 -959 -7.1% $68.48 12,516 29 Jun 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 -1,760 -17% $0.000000 8,809 29 Jun 2022 Class A Common Stock 1,760 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 1/8th of the restricted stock unit ("RSU") award originally granted on March 29, 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 21,137 RSUs were originally granted on March 29, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 29, 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 the RSUs vesting on the twelfth vesting date (March 29, 2024).