Power Robert C. Walker - 01 Aug 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
03 Aug 2022, 17:01:41 UTC
Prior SEC filing
06 Jul 2022
Next SEC filing
19 Aug 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Carrie P. Ryan, on behalf of Robert C. Walker, by Power of Attorney

Key filing fact

Power Robert C. Walker filed Form 4 for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) on 03 Aug 2022.

Key facts

  • This page summarizes Power Robert C. Walker's Form 4 filing for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH).
  • 5 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 03 Aug 2022, 17:01.

Change

  • Previous filing in this sequence was filed on 06 Jul 2022.
  • Current net transaction value: -$50,512.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CTSH transaction

Class A Common Stock

Options Exercise

Transaction value
Shares
+951
Change %
+15%
Price
Shares after
7,469
Date
01 Aug 2022
Ownership
Direct
Footnotes
F1, F2
CTSH transaction

Class A Common Stock

Options Exercise

Transaction value
Shares
+633
Change %
+8.5%
Price
Shares after
8,102
Date
01 Aug 2022
Ownership
Direct
Footnotes
F2, F3
CTSH transaction

Class A Common Stock

Tax liability

Transaction value
$50,512
Shares
-747
Change %
-9.2%
Price
$67.62
Shares after
7,355
Date
01 Aug 2022
Ownership
Direct
Footnotes
F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CTSH transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-951
Change %
-14%
Price
$0.000000
Shares after
5,708
Date
01 Aug 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
951
Exercise price
Footnotes
F2, F5
CTSH transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-633
Change %
-20%
Price
$0.000000
Shares after
2,535
Date
01 Aug 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
633
Exercise price
Footnotes
F2, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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 February 1, 2021.

Footnote F2

Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.

Footnote F3

Shares of Class A Common Stock of the Company received from the vesting of 2/3rds of 1/8th of the RSU award granted on February 1, 2021.

Footnote F4

Shares of the Company's Class A Common Stock withheld to pay applicable taxes.

Footnote F5

A total of 11,415 RSUs were originally granted on February 1, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 1, 2021, 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 (February 1, 2024.)

Footnote F6

A total of 7,610 RSUs were originally granted on February 1, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 1, 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 such RSUs vesting on the twelfth vesting date (February 1, 2024.)

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