Cognizant Technology Solutions Corporation (CTSH) entered into a new credit agreement providing a $550 million term loan and a $1.85 billion revolving facility. The unsecured facilities mature October 3, 2031. On October 5, 2026, proceeds from the term loan and an approximately $1.0 billion revolver borrowing were used primarily to repay the prior term and revolving facilities, which were terminated that day. The revolving facility may also be used for general corporate purposes and borrowed, repaid and reborrowed until maturity.
No scheduled term-loan payments are due in the first year after closing; thereafter, quarterly installments are $6.875 million, with the balance due at maturity. Borrowers may choose Term Benchmark or ABR Rate loans plus applicable margins, initially 0.875% for Term Benchmark and RFR loans and 0% for ABR Rate loans. The quarterly covenant requires the Leverage Ratio not to exceed 3.50:1.00, or, at the borrowers’ election, 4.00:1.00 for up to four quarters following certain material acquisition transactions. Borrowers may request facility increases of up to $1.2 billion plus the amount of voluntary prepayments, subject to conditions.
Cognizant Technology Solutions Corp. SVP, Controller & CAO Alina Kerdman received 207 Class A common shares on October 1, 2026, when 207 restricted stock units vested. The units were part of the 1,864-RSU award granted July 1, 2025. Cognizant withheld 69 shares for applicable taxes at $57.44 per share; 623 RSUs remained after the vesting transaction.
Cognizant Technology Solutions Corp. SVP, Controller & CAO Alina Kerdman sold 139 shares of Class A Common Stock at $56.88 per share on September 30, 2026. The sale was executed under a Rule 10b5-1 trading plan adopted on August 19, 2025. Kerdman directly held 1,124 shares after the transaction.
Alina Kerdman, an officer of Cognizant Technology Solutions Corporation (CTSH), reported a proposed sale of 139 common shares, with an aggregate market value of $7,900.76 and an approximate sale date of September 30, 2026. The shares are listed as restricted stock units acquired from the issuer on July 1, 2026.
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) reported that Surya Gummadi, President - Americas, had restricted stock units vest on September 15, 2026 that were settled in 1,995 shares of Class A Common Stock. Of these, 988 shares were withheld to pay applicable taxes, with the remaining shares retained, and no Rule 10b5-1 trading plan is reported.
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) reported that Alina Kerdman, SVP, Controller & CAO, exercised 200 restricted stock units into 200 shares of Class A Common Stock on September 15, 2026, as part of a scheduled vesting of a March 3, 2025 RSU grant. Of these shares, 66 were withheld at $64.10 per share to pay applicable taxes, leaving a net 134 vested shares. After this vesting, Kerdman holds 1,197 RSUs from this award, which continues to vest quarterly through March 15, 2028. No Rule 10b5-1 trading plan is reported for these transactions.
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) reported that officer Balu Ganesh Ayyar, President - APJ and ISG, had 849 Restricted Stock Units vest on September 15, 2026, converting into an equal number of shares of Class A Common Stock. The RSUs were part of a 10,178-unit grant made on March 3, 2025 under the company’s 2023 Incentive Award Plan, which vests in quarterly installments over three years, commencing June 15, 2025, with 1/12th of the RSUs vesting on each quarterly vesting date. After this vesting event, Ayyar directly held 115,079 shares of Class A Common Stock and 5,089 RSUs. No Rule 10b5-1 trading plan is reported for these transactions.
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) reported that John Sunshin Kim, its CLO, CAO & Corporate Secretary, had 1,647 Restricted Stock Units vest on September 15, 2026 from an award granted on March 3, 2025, converting into the same number of Class A Common shares. In connection with this vesting, 889 shares of Class A Common Stock were withheld to pay applicable taxes at a value of $64.10 per share. After the vesting, Kim held 9,879 RSUs from this award, and the transactions were not made under a Rule 10b5-1 trading plan.
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) reported that Chief People Officer Kathryn Diaz had previously granted restricted stock units vest on September 15, 2026, converting into 749 shares of Class A Common Stock (699 shares from one RSU award and 50 shares from another). In connection with this vesting, 373 shares of Class A Common Stock were withheld to pay applicable taxes. The RSUs stem from original grants of 8,382 RSUs and 598 RSUs made on March 3, 2025, which are scheduled to vest in quarterly installments through March 15, 2028. No Rule 10b5-1 trading plan is reported for these transactions.
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) reported that Chief Executive Officer and director Ravi Kumar Singisetti had 5,987 Restricted Stock Units vest and convert into 5,987 shares of Class A Common Stock on September 15, 2026. Of these, 3,231 shares were withheld at $64.10 per share to pay applicable taxes. Following the conversion, 35,924 RSUs from this award remain directly held, continuing to vest quarterly through March 15, 2028, and no Rule 10b5-1 trading plan is reported.