Cognizant (CTSH) director receives dividend-based restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions director Karima Silvent reported an automatic equity accrual tied to existing awards. On the reported date, Silvent acquired 14.6635 restricted stock units through dividend equivalent rights on previously outstanding restricted stock units, at a stated price of $0 per unit.
Each restricted stock unit represents a contingent right to receive one share of the company’s Class A common stock. Following this accrual, Silvent directly holds a total of 2,901.6140 restricted stock units, which are scheduled to vest in full on June 3, 2026, subject to the applicable award terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Silvent Karima
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 14.664 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,901.614 shares (Direct)
Footnotes (1)
- Reflects restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Company. The restricted stock units will vest fully on June 3, 2026.
FAQ
What insider transaction did Cognizant (CTSH) director Karima Silvent report?
Karima Silvent reported acquiring 14.6635 restricted stock units through dividend equivalent rights. These units were added to previously outstanding awards and involve no cash purchase, reflecting automatic equity-based compensation rather than an open-market stock transaction.
How many Cognizant (CTSH) restricted stock units does Karima Silvent hold after this Form 4?
After the reported transaction, Karima Silvent directly holds 2,901.6140 restricted stock units. This total includes the 14.6635 units credited via dividend equivalent rights, representing contingent rights to receive Class A common shares, subject to vesting conditions.
What are the terms of the new Cognizant (CTSH) restricted stock units reported?
The reported restricted stock units were received under dividend equivalent rights on existing awards. Each unit represents a contingent right to one share of Class A common stock and is scheduled to vest fully on June 3, 2026, if the award conditions are satisfied.
When will Karima Silvent’s newly reported Cognizant (CTSH) restricted stock units vest?
The restricted stock units reported in the Form 4 are scheduled to vest fully on June 3, 2026. At vesting, each unit is designed to convert into one share of Cognizant’s Class A common stock, assuming all award conditions are met.