[Form 4] COGNIZANT TECHNOLOGY SOLUTIONS CORP Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions’ President - Americas, Surya Gummadi, reported the vesting and settlement of equity awards into Class A Common Stock. On March 15, 2026, 1,397 and 898 restricted stock units (RSUs) converted into the same number of shares, and 10,058 performance stock units (PSUs) were settled in shares after performance conditions were determined to be satisfied.
To cover taxes, 5,974 shares of Class A Common Stock were withheld at $60.37 per share. Following these compensation-related transactions, Gummadi directly holds 33,585 shares of Cognizant Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,353 shares exercised/converted
Mixed
7 txns
Insider
Gummadi Surya
Role
President - Americas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,397 | $0.00 | -- |
| Exercise | Restricted Stock Units | 898 | $0.00 | -- |
| Exercise | Performance Stock Units | 10,058 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,397 | $0.00 | -- |
| Exercise | Class A Common Stock | 898 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,058 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 5,974 | $60.37 | $361K |
Holdings After Transaction:
Restricted Stock Units — 11,176 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Class A Common Stock — 28,603 shares (Direct)
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 March 6, 2023, under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 25, 2026, and that portion of 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 16,764 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 7,184 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).
