Balu Ganesh Ayyar - Sep 1, 2024 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP and President IOA
Signature
/s/ Carrie P. Ryan, on behalf of Balu Ganesh Ayyar, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Sep 1, 2024
Transactions value $
$0
Form type
4
Date filed
9/4/2024, 04:26 PM
Previous filing
Aug 20, 2024
Next filing
Nov 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 +97 +0.12% 80.5K Sep 1, 2024 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +903 +1.12% 81.4K Sep 1, 2024 Direct F2, F3

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 -97 -33.22% $0.00 195 Sep 1, 2024 Class A Common Stock 97 Direct F2, F4
transaction CTSH Restricted Stock Units Options Exercise $0 -903 -9.1% $0.00 9.03K Sep 1, 2024 Class A Common Stock 903 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 vesting of 1/3rd of 1/8th 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 A total of 2,331 RSUs were originally granted on March 1, 2022, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 12 successive quarterly installments, commencing on June 1, 2022, with (i) 1/8th of such RSUs vesting on the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the four successive 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 the RSUs vesting on the twelfth vesting date (March 1, 2025).
F5 A total of 10,830 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).