Becky Schmitt - 03 Feb 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP and Chief People Officer
Signature
/s/ Carrie P. Ryan, on behalf of Becky Schmitt, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
03 Feb 2023
Net transactions value
-$256,644
Form type
4
Filing time
07 Feb 2023, 15:25:19 UTC
Previous filing
30 Dec 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 +8,319 +34% 32,997 03 Feb 2023 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability $256,644 -3,762 -11% $68.22 29,235 03 Feb 2023 Direct F3

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 -8,319 -100% $0.000000* 0 03 Feb 2023 Class A Common Stock 8,319 Direct F2, F4
* 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 originally granted on February 3, 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 A total of 99,824 RSUs were originally granted on February 3, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 3, 2020, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs were fully vested on the twelfth quarterly vesting date (February 3, 2023).