Sandra S. Wijnberg - Jun 6, 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
Director
Signature
/s/ Carrie P. Ryan, on behalf of Sandra S. Wijnberg, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Jun 6, 2023
Transactions value $
$149,954
Form type
4
Date filed
6/8/2023, 04:36 PM
Previous filing
May 11, 2023
Next filing
Jun 9, 2023

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 Award $0 +3.54K $0.00 3.54K Jun 6, 2023 Class A Common Stock 3.54K Direct F1, F2
transaction CTSH Deferred Stock Units Award $150K +2.41K $62.17 2.41K Jun 6, 2023 Class A Common Stock 2.41K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
F2 The RSUs will vest fully on June 6, 2024. The Reporting Person has elected, pursuant to the Company's Non-Employee Director Compensation Guidelines (the "Guidelines"), to defer payment of such RSUs (and corresponding dividend equivalents, if any) until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability).
F3 Each deferred stock unit ("DSU") represents a right to receive one share of the Company's Class A Common Stock.
F4 The Reporting Person elected, pursuant to the Guidelines, to receive fully vested shares of the Company's Class A Common Stock for 100% of the annual cash retainers to which she is entitled for her service on the Company's Board and its committees. The Reporting Person has also elected, pursuant to the Guidelines, to defer payment of the underlying shares (and corresponding dividend equivalents, if any) until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability). The DSUs are fully vested.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney