Kathryn Diaz - Jul 1, 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
Jul 1, 2023
Transactions value $
-$8,421
Form type
4
Date filed
7/5/2023, 04:22 PM
Previous filing
Jun 5, 2023
Next filing
Aug 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +367 +7.33% 5.37K Jul 1, 2023 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$8.42K -129 -2.4% $65.28 5.25K Jul 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 -367 -11.1% $0.00 2.94K Jul 1, 2023 Class A Common Stock 367 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 1/12th 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 4,409 RSUs were originally granted on July 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 October 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 (July 1, 2025).