Cognizant executive RSUs vest into 848 shares
Cognizant Technology Solutions executive Balu Ganesh Ayyar reported the vesting and conversion of restricted stock units into common shares.
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Rhea-AI Filing Summary
Cognizant Technology Solutions executive Balu Ganesh Ayyar reported the vesting and conversion of restricted stock units into common shares. On June 15, 2026, 848 restricted stock units converted into 848 shares of Class A common stock at no exercise price.
These shares represent 1/12th of an RSU award of 10,178 units granted on March 3, 2025 under the 2023 Incentive Award Plan, which vests quarterly over three years. Following this vesting event, Ayyar directly holds 112,172 shares of Class A common stock and 5,938 RSUs, reflecting a routine compensation-related equity vesting rather than an open-market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 848 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 848 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3. A total of 10,178 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 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).
Key Figures
Key Terms
Restricted Stock Units financial
2023 Incentive Award Plan financial
vesting financial
contingent right financial
FAQ
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What did Cognizant (CTSH) executive Balu Ganesh Ayyar report in this Form 4?
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