Jan Siegmund - 01 Dec 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
Chief Financial Officer
Signature
/s/ Carrie P. Ryan, on behalf of Jan Siegmund, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
01 Dec 2022
Net transactions value
-$251,795
Form type
4
Filing time
05 Dec 2022, 15:39:01 UTC
Previous filing
28 Nov 2022
Next filing
21 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +1,866 +4.3% 44,972 01 Dec 2022 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +2,799 +6.2% 47,771 01 Dec 2022 Direct F2, F3
transaction CTSH Class A Common Stock Options Exercise +2,185 +4.6% 49,956 01 Dec 2022 Direct F2, F4
transaction CTSH Class A Common Stock Options Exercise +583 +1.2% 50,539 01 Dec 2022 Direct F2, F5
transaction CTSH Class A Common Stock Tax liability $251,795 -4,021 -8% $62.62 46,518 01 Dec 2022 Direct F6

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 -1,866 -25% $0.000000 5,600 01 Dec 2022 Class A Common Stock 1,866 Direct F2, F7
transaction CTSH Restricted Stock Units Options Exercise $0 -2,799 -50% $0.000000 2,804 01 Dec 2022 Class A Common Stock 2,799 Direct F2, F8
transaction CTSH Restricted Stock Units Options Exercise $0 -2,185 -10% $0.000000 19,668 01 Dec 2022 Class A Common Stock 2,185 Direct F2, F9
transaction CTSH Restricted Stock Units Options Exercise $0 -583 -17% $0.000000 2,912 01 Dec 2022 Class A Common Stock 583 Direct F2, F10
* 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 1/12th of the restricted stock unit ("RSU") award granted on September 1, 2020.
F2 Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
F3 Shares of Class A Common Stock of the Company received from the vesting of 1/3rd of 1/6th of the RSU award granted on September 1, 2020.
F4 Shares of the Company's Class A Common Stock received from the vesting of 1/12th of the RSU award granted on March 1, 2022.
F5 Shares of the Company's Class A Common Stock received from the vesting of 1/8th of the RSU award granted on March 1, 2022.
F6 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F7 A total of 22,398 RSUs were originally granted on September 1, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on December 1, 2020, with 1/12th of such RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date (September 1, 2023).
F8 A total of 50,395 RSUs were originally granted on September 1, 2020 under the Company's 2017 Incentive Award Plan and will vest in 10 successive quarterly installments, commencing on December 1, 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 four successive vesting dates; (iii) 1/rd of 1/6th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the 10th vesting date (March 1, 2023).
F9 A total of 26,223 RSUs were originally granted on March 1, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2022, with 1/12th of such RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2025).
F10 A total of 4,662 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 each of 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).