Key facts
- This page summarizes Power Ursula Morgenstern's Form 4 filing for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH).
- 9 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 05 Jul 2022, 16:49.
Power Ursula Morgenstern - 30 Jun 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
- Reporting relationship
- EVP
- Issuer ticker
- CTSH
- Reported as of
- 30 Jun 2022
- Net transaction value
- -$506,445
- SEC form
- 4
- Accepted by SEC
- 05 Jul 2022, 16:49:47 UTC
- Prior SEC filing
- 16 Jun 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Udele Lin, on behalf of Ursula Morgenstern, by Power of Attorney
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Power Ursula Morgenstern filed Form 4 for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) on 05 Jul 2022.
Change
- Previous filing in this sequence was filed on 16 Jun 2022.
- Current net transaction value: -$506,445.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CTSH
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +4,209
- Change %
- +31%
- Price
- Shares after
- 17,862
- Date
- 30 Jun 2022
- Ownership
- Direct
- Footnotes
- F1, F2
CTSH
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +3,156
- Change %
- +18%
- Price
- Shares after
- 21,018
- Date
- 30 Jun 2022
- Ownership
- Direct
- Footnotes
- F1, F2
CTSH
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +4,573
- Change %
- +22%
- Price
- Shares after
- 25,591
- Date
- 30 Jun 2022
- Ownership
- Direct
- Footnotes
- F2, F3
CTSH
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +3,884
- Change %
- +15%
- Price
- Shares after
- 29,475
- Date
- 30 Jun 2022
- Ownership
- Direct
- Footnotes
- F2, F4
CTSH
transaction
Class A Common Stock
Tax liability
- Transaction value
- $506,445
- Shares
- -7,504
- Change %
- -25%
- Price
- $67.49
- Shares after
- 21,971
- Date
- 30 Jun 2022
- Ownership
- Direct
- Footnotes
- F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CTSH
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -4,209
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 30 Jun 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 4,209
- Exercise price
- Footnotes
- F2, F6
CTSH
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -3,156
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 30 Jun 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 3,156
- Exercise price
- Footnotes
- F2, F7
CTSH
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -4,573
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 30 Jun 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 4,573
- Exercise price
- Footnotes
- F2, F8
CTSH
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -3,884
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 30 Jun 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 3,884
- Exercise price
- Footnotes
- F2, F9
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Power Ursula Morgenstern is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 9 footnotes
Footnote F1
Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the accelerated vesting (in accordance with the terms of the Reporting Person's executive employment agreement) of the portion of the restricted stock unit ("RSU") award granted on December 14, 2020 which would have vested in the 12 months following June 30, 2022.
Footnote F2
Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
Footnote F3
Shares of Class A Common Stock of the Company received from the accelerated vesting (in accordance with the terms of the Reporting Person's executive employment agreement) of the portion of the RSU award granted on February 23, 2021 which would have vested in the 12 months following June 30, 2022.
Footnote F4
Shares of Class A Common Stock of the Company received from the accelerated vesting (in accordance with the terms of the Reporting Person's executive employment agreement) of the portion of the RSU award granted on March 1, 2022 which would have vested in the 12 months following June 30, 2022.
Footnote F5
Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
Footnote F6
A total of 12,627 RSUs were granted on December 14, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount was originally scheduled to vest in 12 quarterly installments over three years, commencing on March 14, 2021, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs would be fully vested on the twelfth quarterly vesting date (December 14, 2023). However, pursuant to the terms of the Reporting Person's executive employment agreement, the portion of such RSUs that would have vested in the 12-month period following June 30, 2022 accelerated and became immediately vested on such date. The remaining portion of the RSUs granted pursuant to such award was forfeited as of June 30, 2022 in accordance with the original terms of the award.
Footnote F7
A total of 15,784 RSUs were granted on December 14, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount was originally scheduled to vest in nine successive quarterly installments, commencing on March 14, 2021, 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 14, 2023). However, pursuant to the terms of the Reporting Person's executive employment agreement, the portion of such RSUs that would have vested in the 12-month period following June 30, 2022 accelerated and became immediately vested on such date.
Footnote F8
A total of 13,721 RSUs were granted on February 23, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount was originally scheduled to vest in 12 quarterly installments over three years, commencing on May 23, 2021, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs would be fully vested on the twelfth quarterly vesting date (February 23, 2024). However, pursuant to the terms of the Reporting Person's executive employment agreement, the portion of such RSUs that would have vested in the 12-month period following June 30, 2022 accelerated and became immediately vested on such date. The remaining portion of the RSUs granted pursuant to such award was forfeited as of June 30, 2022 in accordance with the original terms of the award.
Footnote F9
A total of 11,654 RSUs were granted on March 1, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount was originally scheduled to vest in 12 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 would be fully vested on the twelfth quarterly vesting date (March 1, 2025). However, pursuant to the terms of the Reporting Person's executive employment agreement, the portion of such RSUs that would have vested in the 12-month period following June 30, 2022 accelerated and became immediately vested on such date. The remaining portion of the RSUs granted pursuant to such award was forfeited as of June 30, 2022 in accordance with the original terms of the award.