Robert C. Walker - Feb 1, 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP & Pres, Global Growth Mkts
Signature
/s/ Carrie P. Ryan, on behalf of Robert C. Walker, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Feb 1, 2023
Transactions value $
-$51,010
Form type
4
Date filed
2/3/2023, 03:57 PM
Previous filing
Jan 4, 2023
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +952 +8.65% 12K Feb 1, 2023 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +633 +5.3% 12.6K Feb 1, 2023 Direct F2, F3
transaction CTSH Class A Common Stock Tax liability -$51K -741 -5.89% $68.84 11.8K Feb 1, 2023 Direct 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 -952 -20.01% $0.00 3.81K Feb 1, 2023 Class A Common Stock 952 Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -633 -33.26% $0.00 1.27K Feb 1, 2023 Class A Common Stock 633 Direct F2, F6
* 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 February 1, 2021.
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 2/3rds of 1/8th of the RSU award granted on February 1, 2021.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5 A total of 11,415 RSUs were originally granted on February 1, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 1, 2021, 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 (February 1, 2024).
F6 A total of 7,610 RSUs were originally granted on February 1, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 1, 2021, 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 successive four 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 such RSUs vesting on the twelfth vesting date (February 1, 2024).