Stephen J. Rohleder - Sep 7, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role: Director
Signature: /s/ Udele Lin, on behalf of Stephen J. Rohleder, by Power of Attorney
Stock symbol: CTSH
Transactions as of: Sep 7, 2022
Transactions value $: $14,962
Form type: 4
Date filed: 9/9/2022, 04:19 PM
Previous filing: Jun 9, 2022
Next filing: Jan 17, 2023

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	Deferred Stock Units	Award	$15K	+235		$63.67	235	Sep 7, 2022	Class A Common Stock	235		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each deferred stock unit ("DSU") represents a right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
F2	The Reporting Person elected, pursuant to the Company's Non-Employee Director Compensation Guidelines (the "Guidelines"), to receive fully vested shares of the Company's Class A Common Stock for 100% of the cash retainer awarded to him upon his appointment as a member of the Company's Audit Committee on September 7, 2022. 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.

Content

Each deferred stock unit ("DSU") represents a right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").

The Reporting Person elected, pursuant to the Company's Non-Employee Director Compensation Guidelines (the "Guidelines"), to receive fully vested shares of the Company's Class A Common Stock for 100% of the cash retainer awarded to him upon his appointment as a member of the Company's Audit Committee on September 7, 2022. 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.