Robert Telesmanic - Mar 1, 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
SVP, Controller & CAO
Signature
/s/ Carrie P. Ryan, on behalf of Robert Telesmanic, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Mar 1, 2023
Transactions value $
-$24,137
Form type
4
Date filed
3/3/2023, 03:19 PM
Previous filing
Feb 27, 2023
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +402 +2.15% 19.1K Mar 1, 2023 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +446 +2.34% 19.5K Mar 1, 2023 Direct F2, F3
transaction CTSH Class A Common Stock Tax liability -$24.1K -387 -1.98% $62.37 19.1K Mar 1, 2023 Direct F4
holding CTSH Class A Common Stock 800 Mar 1, 2023 By Parent's Estate F5

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 -402 -100% $0.00* 0 Mar 1, 2023 Class A Common Stock 402 Direct F2, F6
transaction CTSH Restricted Stock Units Options Exercise $0 -446 -11.12% $0.00 3.57K Mar 1, 2023 Class A Common Stock 446 Direct F2, F7
* 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 100% of the restricted stock unit ("RSU") award granted on December 1, 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 received from the vesting of 1/12th of the RSU award granted on March 1, 2022.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5 The reporting person has been the Appointed Fiduciary of the estate since May 2015. Except to the extent of his pecuniary interest, the reporting person disclaims beneficial ownership of the securities held by the estate.
F6 A total of 6,027 RSUs were originally granted on December 1, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in nine successive quarterly installments, commencing on March 1, 2021, 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 were fully vested on the ninth vesting date (March 1, 2023).
F7 A total of 5,347 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).