Surya Gummadi - Feb 15, 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP and President, Americas
Signature
/s/ Carrie P. Ryan, on behalf of Surya Gummadi, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Feb 15, 2023
Transactions value $
-$50,683
Form type
4
Date filed
2/17/2023, 03:55 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 +2.08K +46.31% 6.58K Feb 15, 2023 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +109 +1.66% 6.69K Feb 15, 2023 Direct F2, F3
transaction CTSH Class A Common Stock Tax liability -$50.7K -755 -11.28% $67.13 5.94K Feb 15, 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 -2.08K -8.33% $0.00 22.9K Feb 15, 2023 Class A Common Stock 2.08K Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -109 -20.04% $0.00 435 Feb 15, 2023 Class A Common Stock 109 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 November 15, 2022.
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 Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/5th of the restricted stock unit ("RSU") award granted on November 15, 2022.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5 A total of 25,016 RSUs were originally granted on November 15, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on February 15, 2023, 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 (November 15, 2025).
F6 A total of 544 RSUs were originally granted on November 15, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in nine successive quarterly installments, commencing on February 15, 2023, with (i) 1/5th of such RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/5th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the ninth vesting date (February 15, 2025).