Robert Telesmanic - Nov 19, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
SVP, Controller & CAO
Signature
/s/ Carrie P. Ryan, on behalf of Robert Telesmanic, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Nov 19, 2022
Transactions value $
-$1,859
Form type
4
Date filed
11/22/2022, 03:17 PM
Previous filing
Sep 7, 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 +65 +0.37% 17.5K Nov 19, 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$1.86K -31 -0.18% $59.97 17.4K Nov 19, 2022 Direct F3
holding CTSH Class A Common Stock 800 Nov 19, 2022 By Parent's Estate F4

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 -65 -49.62% $0.00 66 Nov 19, 2022 Class A Common Stock 65 Direct F2, F5
* 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 1/7th of the restricted stock unit ("RSU") award granted on May 19, 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 The reporting person has been the Appointed Fiduciary of the estate since May 2015. Except to the extent of his pecuniary interest, the reporting person disclaims beneficial ownership of the securities held by the estate.
F5 A total of 1,362 RSUs were originally granted on May 19, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 11 successive quarterly installments, commencing on August 19, 2020, with (i) 1/7th of the RSUs vesting on each of the first three vesting dates; (ii) 2/3rds of 1/7th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/7th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the eleventh vesting date (February 19, 2023).

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney