Balu Ganesh Ayyar - Dec 1, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP and President IOA
Signature
/s/ Carrie P. Ryan, on behalf of Balu Ganesh Ayyar, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Dec 1, 2022
Transactions value $
$0
Form type
4
Date filed
12/5/2022, 03:17 PM
Previous filing
Nov 17, 2022
Next filing
Dec 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +292 +0.76% 38.7K Dec 1, 2022 Direct F1, F2

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 -292 -16.7% $0.00 1.46K Dec 1, 2022 Class A Common Stock 292 Direct F2, F3
* 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 1/8th of the restricted stock unit ("RSU") award granted on March 1, 2022.
F2 Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
F3 A total of 2,331 RSUs were originally granted on March 1, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 12 successive quarterly installments, commencing on June 1, 2022, with (i) 1/8th of such RSUs vesting on the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the twelfth vesting date (March 1, 2025).