Power John Kim - 29 Mar 2024 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP, CLO, CAO
Signature
/s/ Carrie P. Ryan, on behalf of John Kim, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
29 Mar 2024
Net transactions value
-$34,520
Form type
4
Filing time
02 Apr 2024, 16:06:22 UTC
Previous filing
19 Mar 2024
Next filing
17 May 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 +882 +2.5% 36,126 29 Mar 2024 Direct F1, F2, F3
transaction CTSH Class A Common Stock Tax liability $34,520 -471 -1.3% $73.29 35,655 29 Mar 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 Restricted Stock Units Options Exercise $0 -882 -100% $0.000000* 0 29 Mar 2024 Class A Common Stock 882 Direct F2, F5
* 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 fully vested restricted stock units ("RSU:") award granted on March 29, 2021.
F2 Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
F3 Includes 336 shares acquired under the Company's 2004 Employee Stock Purchase Plan, as amended, on March 28, 2024.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5 A total of 21,137 RSUs were originally granted on March 29, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 29, 2021, 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 successive four 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 such RSUs were fully vested on the twelfth vesting date (March 29, 2024).