Jatin P. Dalal - Jun 4, 2024 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
Chief Financial Officer
Signature
/s/ Carrie P. Ryan, on behalf of Jatin P. Dalal, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Jun 4, 2024
Transactions value $
-$251,924
Form type
4
Date filed
6/6/2024, 04:24 PM
Previous filing
Jun 4, 2024
Next filing
Sep 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +2.69K +42.26% 9.05K Jun 4, 2024 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +4.33K +47.89% 13.4K Jun 4, 2024 Direct F2, F3
transaction CTSH Class A Common Stock Tax liability -$252K -3.86K -28.81% $65.35 9.53K Jun 4, 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 -2.69K -33.34% $0.00 5.38K Jun 4, 2024 Class A Common Stock 2.69K Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -4.33K -16.67% $0.00 21.7K Jun 4, 2024 Class A Common Stock 4.33K Direct F2, F6
* 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 1/4th of the restricted stock unit ("RSU") award granted on December 4, 2023.
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 1/5th of the RSU award granted on December 4, 2023.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5 A total of 10,750 RSUs were originally 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).
F6 A total of 32,497 RSUs were originally 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).