Cognizant director reports RSU vesting and grant
Cognizant Technology Solutions director Abdalla Zein reported routine equity compensation changes.
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Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions director Abdalla Zein reported routine equity compensation changes. On June 3, 2026, previously granted restricted stock units (RSUs) vested, converting 2,919 RSUs into the same number of Class A Common shares, with 17 shares withheld to cover taxes and a small fractional RSU canceled for cash in lieu. Zein now holds 25,433 Class A shares directly. On June 2, 2026, he also received a new award of 4,171 RSUs, which will vest fully on June 2, 2027.
Insider Trade Summary
2,919 shares exercised/converted
Exercise
5 txns
Insider
Abdalla Zein
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,919 | $0.00 | $0.00 |
| Disposition | Restricted Stock Units | 0.6262 | $55.14 | $34.53 |
| Exercise | Class A Common Stock | 2,919 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 17 | $55.14 | $937.38 |
| Grant/Award | Restricted Stock Units | 4,171 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 4,171 contracts (Direct);
Class A Common Stock — 25,433 shares (Direct)
Footnotes (6)
- F1. Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received in connection with the vesting of 100% of the restricted stock unit ("RSU") award granted on June 3, 2025, and the related RSUs received pursuant to dividend equivalent rights; provided, however, that the reporting person was only entitled to receive whole shares and the fractional share related thereto was disposed of separately.
- F2. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3. Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- F4. The RSUs will vest fully on June 2, 2027.
- F5. 2,863 of the RSUs were originally granted on June 3, 2025, under the Company's 2023 Incentive Award Plan (the "Plan") and subsequent RSUs were granted pursuant to dividend equivalent rights. The original RSUs and the related RSUs received pursuant to dividend equivalent rights vested fully on June 3, 2026.
- F6. Represents the payment of cash in lieu of a fractional share related to the RSUs described above in accordance with the Plan and the cancellation of the corresponding fractional RSU.
Key Figures
RSUs vested: 2,919 units
Shares withheld for taxes: 17 shares
New RSU grant: 4,171 units
+3 more
6 metrics
RSUs vested
2,919 units
Converted into Class A Common Stock on June 3, 2026
Shares withheld for taxes
17 shares
Class A Common Stock withheld to pay applicable taxes
New RSU grant
4,171 units
Restricted Stock Units granted on June 2, 2026
New RSU vesting date
June 2, 2027
RSUs will vest fully on this date
Shares held after transaction
25,433 shares
Class A Common Stock held directly after June 3, 2026 events
Fractional RSU canceled
0.6262 units
Fractional RSU canceled for cash in lieu payment
Key Terms
Restricted Stock Units, dividend equivalent rights, contingent right, withheld to pay applicable taxes, +1 more
5 terms
Restricted Stock Units financial
"Shares of Class A Common Stock of Cognizant Technology Solutions Corporation received in connection with the vesting of 100% of the restricted stock unit ("RSU") award..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"and the related RSUs received pursuant to dividend equivalent rights; provided, however, that the reporting person was only entitled to receive whole shares..."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock."
withheld to pay applicable taxes financial
"Shares of the Company's Class A Common Stock withheld to pay applicable taxes."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award changes did Cognizant (CTSH) director Abdalla Zein report?
Abdalla Zein reported RSUs vesting into Class A shares and a new RSU grant. 2,919 RSUs converted into shares, with 17 shares withheld for taxes, and 4,171 new RSUs awarded.
Were any of Abdalla Zein’s Cognizant (CTSH) transactions open-market buys or sells?
No open-market buys or sells were reported. Activity reflects RSU vesting, a new RSU grant, shares withheld to pay taxes, and cancellation of a fractional RSU for cash in lieu.
What are the terms of Abdalla Zein’s new RSU award at Cognizant (CTSH)?
Zein received 4,171 restricted stock units, each representing one future Cognizant Class A share. According to the disclosure, these RSUs will vest fully on June 2, 2027, if the conditions are met.
What happened when Abdalla Zein’s earlier Cognizant (CTSH) RSUs vested?
When earlier RSUs vested, 2,919 RSUs converted into 2,919 Cognizant Class A shares. The company withheld 17 shares to cover applicable taxes and canceled a small fractional RSU for a cash payment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
