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 |
Id | Content |
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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). |