Andrew J. Stafford - Oct 9, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP Global Deliv, S&P Engineer
Signature
/s/ John Kim, on behalf of Andrew J. Stafford, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Oct 9, 2022
Transactions value $
-$40,885
Form type
4
Date filed
10/11/2022, 04:58 PM
Previous filing
Sep 6, 2022
Next filing
Nov 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +1.51K +12.06% 14K Oct 9, 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$40.9K -699 -4.99% $58.49 13.3K Oct 9, 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 -1.51K -50% $0.00 1.51K Oct 9, 2022 Class A Common Stock 1.51K 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 1/3rd of 1/6th of the restricted stock unit ("RSU") award originally granted on July 9, 2020.
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 27,134 RSUs were originally granted on July 9, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 10 successive quarterly installments, commencing on October 9, 2020, with (i) 1/6th of such RSUs vesting on each of the first two vesting dates; (ii) 2/3rds of 1/6th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/6th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the tenth vesting date (January 9, 2023).