Cognizant director awarded RSUs via dividends
Cognizant Technology Solutions director Eric Branderiz reported acquiring additional restricted stock units through dividend equivalent rights on previously outstanding awards.
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Rhea-AI Filing Summary
Cognizant Technology Solutions director Eric Branderiz reported acquiring additional restricted stock units through dividend equivalent rights on previously outstanding awards. One block of restricted stock units is already fully vested, while another block will fully vest on June 3, 2026. Branderiz has elected under the company’s non-employee director compensation guidelines to defer settlement of these units until specific future events, such as a change in control, death or permanent disability, or scheduled installment dates after his service as director ends.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 41.1423 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 14.6635 | $0.00 | $0.00 |
Footnotes (4)
- F1. Reflects restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding restricted stock units. Each restricted stock unit represents a right to receive one share of Class A Common Stock of the Company.
- F2. The restricted stock units are fully vested. The Reporting Person has elected, pursuant to the Company's Non-Employee Director Compensation Guidelines (the "Guidelines"), to defer settlement of such restricted stock units until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) in three equal installments on July 1 in the first, second and third years following the date of the Reporting Person's termination of service (other than due to death or permanent disability).
- F3. 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 the Company's Class A Common Stock.
- F4. The restricted stock units will vest fully on June 3, 2026. The Reporting Person has elected, pursuant to the Company's Guidelines, to defer settlement of such restricted stock units until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability).
FAQ
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What did Cognizant (CTSH) director Eric Branderiz report on this Form 4?
How were the new restricted stock units for Cognizant director Eric Branderiz generated?
Are Eric Branderiz’s newly reported Cognizant restricted stock units vested?
Do Eric Branderiz’s reported Cognizant restricted stock units convert into Class A common stock?
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