Surya Gummadi - Nov 15, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Signature
/s/ Carrie P. Ryan, on behalf of Surya Gummadi, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Nov 15, 2022
Transactions value $
$0
Form type
4
Date filed
11/17/2022, 03:14 PM
Previous filing
Oct 4, 2022
Next filing
Nov 21, 2022

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 Award $0 +544 $0.00 544 Nov 15, 2022 Class A Common Stock 544 Direct F1, F2
transaction CTSH Restricted Stock Units Award $0 +25K $0.00 25K Nov 15, 2022 Class A Common Stock 25K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
F2 A total of 544 RSUs were granted on November 15, 2022 under the Company's 2017 Incentive Award Plan and such grant will begin vesting in nine successive quarterly installments, commencing on February 15, 2023, with (i) 1/5th of such RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/5th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the ninth vesting date (February 15, 2025).
F3 A total of 25,016 RSUs were granted on November 15, 2022, under the Company's 2017 Incentive Award Plan and such grant will begin vesting in quarterly installments over three years, commencing on February 15, 2023, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (November 15, 2025).