Stephen J. Rohleder - Jun 6, 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role: Director
Signature: /s/ Carrie P. Ryan, on behalf of Stephen J. Rohleder, by Power of Attorney
Stock symbol: CTSH
Transactions as of: Jun 6, 2023
Transactions value $: $294,997
Form type: 4
Date filed: 6/8/2023, 05:11 PM
Previous filing: Mar 8, 2023
Next filing: Dec 4, 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	+4.34K		$0.00	4.34K	Jun 6, 2023	Class A Common Stock	4.34K		Direct	F1, F2
transaction	CTSH	Deferred Stock Units	Award	$295K	+4.75K		$62.17	4.75K	Jun 6, 2023	Class A Common Stock	4.75K		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 he is entitled for his 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.