Robert C. Walker - Apr 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
Apr 1, 2023
Transactions value $
-$32,171
Form type
4
Date filed
4/4/2023, 04:06 PM
Previous filing
Mar 3, 2023
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +1.14K +9.22% 13.5K Apr 1, 2023 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$32.2K -528 -3.91% $60.93 13K Apr 1, 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 -1.14K -16.66% $0.00 5.7K Apr 1, 2023 Class A Common Stock 1.14K 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 2/3rds of 1/6th of the restricted stock unit ("RSU") award granted on July 1, 2022.
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 10,264 RSUs were originally granted on July 1, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 10 successive quarterly installments, commencing on October 1, 2022, 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 successive four vesting dates; (iii) 1/3rd 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 tenth vesting date (January 1, 2025).