Rajesh Varrier - Sep 3, 2024 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP-Global Head of Operations
Signature
/s/ Carrie P. Ryan, on behalf of Rajesh Varrier, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Sep 3, 2024
Transactions value $
$0
Form type
4
Date filed
9/5/2024, 04:09 PM
Previous filing
Sep 5, 2024
This filing has been restated, see here for the amended filing

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 Award $0 +5.99K $0.00 5.99K Sep 3, 2024 Class A Common Stock 5.99K Direct F1, F2
transaction CTSH Restricted Stock Units Award $0 +4.88K $0.00 4.88K Sep 3, 2024 Class A Common Stock 4.88K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
F2 A total of 5,991 RSUs were granted on September 3, 2024, under the Company's 2023 Incentive Award Plan and will vest in eight successive quarterly installments, with 1/8th of such RSUs first vesting on December 1, 2024, and each quarterly anniversary of such date so that such RSUs will be fully vested on the eighth quarterly vesting date (September 1, 2026).
F3 Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
F4 A total of 4,884 RSUs were granted on September 3, 2024 under the Company's 2023 Incentive Award Plan and will vest in 10 successive quarterly installments, with (i) 1/6th of such RSUs vesting on each of December 15, 2024 and the quarterly anniversary of such date; (ii) 2/3rds of 1/6th of such RSUs vesting on each of the following four quarterly anniversaries of such date; (iii) 1/3rd of 1/6th of such RSUs vesting on each of the following three quarterly anniversaries of such date; and (iv) the remainder of such RSUs vesting on (March 15, 2026).