Jan Siegmund - 01 Dec 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
Former Chief Financial Officer
Signature
/s/ Carrie P. Ryan, on behalf of Jan Siegmund, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
01 Dec 2023
Net transactions value
-$98,581
Form type
4
Filing time
05 Dec 2023, 16:18:36 UTC
Previous filing
27 Nov 2023
Next filing
28 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +2,185 +3.1% 71,912 01 Dec 2023 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +387 +0.54% 72,299 01 Dec 2023 Direct F2, F3
transaction CTSH Class A Common Stock Tax liability $98,581 -1,392 -1.9% $70.82 70,907 01 Dec 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 -2,185 -17% $0.000000 10,927 01 Dec 2023 Class A Common Stock 2,185 Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -387 -25% $0.000000 1,166 01 Dec 2023 Class A Common Stock 387 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jan Siegmund is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 March 1, 2022.
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 2/3rds of 1/8th of the RSU award granted on March 1, 2022.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5 A total of 26,223 RSUs were originally granted on March 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 June 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 (March 1, 2025).
F6 A total of 4,662 RSUs were originally granted on March 1, 2022, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 12 successive quarterly installments, commencing on June 1, 2022, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the twelfth vesting date (March 1, 2025).