Kathryn Diaz - May 17, 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
SVP & Interim Chief People Off
Signature
/s/ Carrie P. Ryan, on behalf of Kathryn Diaz, by Power of Attorney
Stock symbol
CTSH
Transactions as of
May 17, 2023
Transactions value $
-$4,519
Form type
4
Date filed
5/19/2023, 05:01 PM
Previous filing
May 18, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +89 +1.96% 4.62K May 17, 2023 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +118 +2.55% 4.74K May 17, 2023 Direct F2, F3
transaction CTSH Class A Common Stock Tax liability -$4.52K -72 -1.52% $62.76 4.67K May 17, 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 -89 -20.09% $0.00 354 May 17, 2023 Class A Common Stock 89 Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -118 -24.95% $0.00 355 May 17, 2023 Class A Common Stock 118 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 May 17, 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 1/3rd or 1/7th of the RSU award granted on May 17, 2021.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5 A total of 1,061 RSUs were originally granted on May 17, 2021, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on August 17, 2021, 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 (May 17, 2024).
F6 A total of 2,477 RSUs were originally granted on May 17, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 11 successive quarterly installments, commencing on August 17, 2021, with (i) 1/7th of such RSUs vesting on each of the first three vesting dates; (ii) 2/3rds of 1/7th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/7th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the eleventh vesting date (February 17, 2024).