Cognizant (NASDAQ: CTSH) CFO holds 54,026 shares after award vesting
Rhea-AI Filing Summary
Cognizant Technology Solutions’ Chief Financial Officer Jatin P. Dalal reported equity award vesting and related share movements. On March 15, 2026, he acquired a total of 31,340 shares of Class A Common Stock through the vesting and settlement of restricted stock units (RSUs) and performance stock units (PSUs).
The RSUs and PSUs converted into an equal number of common shares at an exercise price of $0.00 per share, reflecting compensation rather than open‑market purchases. To cover applicable taxes, 16,785 shares of Class A Common Stock were withheld at $60.37 per share.
After these transactions, Dalal directly owns 54,026 shares of Cognizant Class A Common Stock. The filing shows routine equity compensation vesting and tax withholding, with no open‑market buying or selling.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,846 | $0.00 | -- |
| Exercise | Restricted Stock Units | 973 | $0.00 | -- |
| Exercise | Performance Stock Units | 28,521 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,846 | $0.00 | -- |
| Exercise | Class A Common Stock | 973 | $0.00 | -- |
| Exercise | Class A Common Stock | 28,521 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 16,785 | $60.37 | $1.01M |
Footnotes (1)
- Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/12th of the restricted stock unit ("RSU") award granted on March 3, 2025. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. Shares of Class A Common Stock of the Company received from the vesting of 1/8th of the RSU award granted on March 3, 2025. Reflects the settlement, in shares of Class A Common Stock of the Company, of performance-based stock units ("PSUs"). The PSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan. The performance conditions were determined to be satisfied on February 25, 2026, and the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2026. Each PSU represents a contingent right to receive one share of Class A Common Stock of the Company. Shares of the Company's Class A Common Stock withheld to pay applicable taxes. A total of 22,153 RSUs were originally granted on March 3, 2025 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 15, 2025, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 15, 2028). A total of 7,783 RSUs were originally granted on March 3, 2025 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 15, 2025, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the successive three vesting dates; and (iv) the remainder of such RSUs vesting on the twelfth vesting date (March 15, 2028).