Jatin P. Dalal - Dec 4, 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Signature
/s/ Carrie P. Ryan, on behalf of Jatin P. Dalal, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Dec 4, 2023
Transactions value $
$0
Form type
4
Date filed
12/6/2023, 04:58 PM
Next filing
Mar 1, 2024

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 +32.5K $0.00 32.5K Dec 4, 2023 Class A Common Stock 32.5K Direct F1, F2
transaction CTSH Restricted Stock Units Award $0 +10.8K $0.00 10.8K Dec 4, 2023 Class A Common Stock 10.8K Direct F1, F3
* 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 A total of 32,497 RSUs were granted on December 4, 2023 under the Company's 2023 Incentive Award Plan (the "Plan") and will vest in nine successive quarterly installments, commencing on March 4, 2024, with (i) 1/5th of such RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/5th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the ninth vesting date (March 4, 2026).
F3 A total of 10,750 RSUs were granted on December 4, 2023, under the Company's 2023 Incentive Award Plan and will vest in four successive quarterly installments, commencing on March 4, 2024, with 1/4th of such RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the fourth quarterly vesting date (December 4, 2024).