Cognizant (CTSH) CPO reports RSU vesting and tax withholding in Form 4
Rhea-AI Filing Summary
Cognizant Technology Solutions’ Chief People Officer Kathryn Diaz reported routine equity compensation activity involving restricted stock units (RSUs) in Class A Common Stock. On June 1, 2026, RSUs vested and converted into a total of 2,135 shares of common stock in multiple tranches.
Of these newly issued shares, 1,071 shares were withheld at a price of $55.76 per share to cover applicable taxes, a non–open-market “F” code tax-withholding disposition. Following the transactions, Diaz directly holds 22,268 shares of Class A Common Stock.
Footnotes explain that these RSUs are part of larger grants of 8,919, 11,821, and 3,261 RSUs granted under the company’s 2023 Incentive Award Plan, vesting quarterly over three years through March 1, 2027 and March 1, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 743 | $0.00 | -- |
| Exercise | Restricted Stock Units | 985 | $0.00 | -- |
| Exercise | Restricted Stock Units | 407 | $0.00 | -- |
| Exercise | Class A Common Stock | 743 | $0.00 | -- |
| Exercise | Class A Common Stock | 985 | $0.00 | -- |
| Exercise | Class A Common Stock | 407 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,071 | $55.76 | $60K |
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 February 28, 2024. 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 1/12th of the RSU award granted on February 25, 2026. Shares of Class A Common Stock of the Company received from the vesting of 1/8th of the RSU award granted on February 25, 2026. Shares of the Company's Class A Common Stock withheld to pay applicable taxes. A total of 8,919 RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2024, 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 1, 2027). A total of 11,821 RSUs were originally granted on February 25, 2026 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2026, 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 1, 2029). A total of 3,261 were originally granted on February 25, 2026 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2026, 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 1, 2029).