Surya Gummadi - Mar 15, 2024 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP and President, Americas
Signature
/s/ Carrie P. Ryan, on behalf of Surya Gummadi, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Mar 15, 2024
Transactions value $
-$127,609
Form type
4
Date filed
3/19/2024, 04:22 PM
Previous filing
Mar 5, 2024
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +2.19K +9.87% 24.4K Mar 15, 2024 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +2.91K +11.91% 27.3K Mar 15, 2024 Direct F2, F3
transaction CTSH Class A Common Stock Tax liability -$128K -1.69K -6.2% $75.33 25.6K Mar 15, 2024 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 Performance Stock Units Options Exercise $0 -2.19K -100% $0.00 0 Mar 15, 2024 Class A Common Stock 2.19K Direct F1, F2
transaction CTSH Performance Stock Units Options Exercise $0 -2.91K -100% $0.00 0 Mar 15, 2024 Class A Common Stock 2.91K Direct F2, F3

Explanation of Responses:

Id Content
F1 Reflects the settlement, in shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company"), of performance-based stock units ("PSUs"). The PSUs were originally granted on February 23, 2021, under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 28, 2024, and that portion of the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2024.
F2 Each PSU represents a contingent right to receive one share of Class A Common Stock of the Company.
F3 Reflects the settlement, in shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company"), of performance-based stock units ("PSUs"). The PSUs were originally granted on May 17, 2021, under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 28, 2024, and that portion of the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2024.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.