John Kim - Jun 1, 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
Stock symbol
CTSH
Transactions as of
Jun 1, 2024
Transactions value $
-$127,140
Form type
4
Date filed
6/4/2024, 04:41 PM
Previous filing
May 20, 2024
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +801 +2.17% 37.7K Jun 1, 2024 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +1.27K +3.38% 38.9K Jun 1, 2024 Direct F2, F3
transaction CTSH Class A Common Stock Options Exercise +1.43K +3.68% 40.4K Jun 1, 2024 Direct F2, F4
transaction CTSH Class A Common Stock Tax liability -$127K -1.92K -4.76% $66.15 38.4K Jun 3, 2024 Direct F5

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 -801 -24.99% $0.00 2.4K Jun 1, 2024 Class A Common Stock 801 Direct F2, F6
transaction CTSH Restricted Stock Units Options Exercise $0 -1.27K -8.33% $0.00 14K Jun 1, 2024 Class A Common Stock 1.27K Direct F2, F7
transaction CTSH Restricted Stock Units Options Exercise $0 -1.43K -12.5% $0.00 10K Jun 1, 2024 Class A Common Stock 1.43K Direct F2, F8
* 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 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 1/12th of the RSU award granted on February 28, 2024.
F4 Shares of Class A Common Stock of the Company received from the vesting of 1/8th of the RSU award granted on February 28, 2024.
F5 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F6 A total of 9,615 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).
F7 A total of 15,290 RSUs were originally granted on February 28, 2024, under the Company's 2023 Incentive Award Plan and will vest in twelve successive quarterly installments, with 1/12th of such RSUs first vesting on June 1, 2024, and each quarterly anniversary of such date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2027).
F8 A total of 11,467 RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan and will vest in twelve successive quarterly installments, with (i) 1/8th of such RSUs vesting on each of June 1, 2024 and the next three quarterly anniversaries of such date; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the following four quarterly anniversaries of such date; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the following three quarterly anniversaries of such date; and (iv) the remainder of such RSUs vesting on the eleventh quarterly anniversary of such date (March 1, 2027).