Director Eric Branderiz awarded 4,171 RSUs at Cognizant (CTSH)
Rhea-AI Filing Summary
COGNIZANT TECHNOLOGY SOLUTIONS CORP director Eric Branderiz received a grant of 4,171 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the company’s Class A Common Stock. Following the award, he holds 4,171 RSUs directly.
The RSUs will vest fully on June 2, 2027, meaning the right to receive the underlying shares is earned on that date. Branderiz has elected to defer payment of the vested RSUs, and any related dividend equivalents, until the earlier of a change in control of the company, his death or permanent disability, or the first July 1 after his termination of service other than due to death or permanent disability. This is a compensation-related acquisition rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Branderiz Eric
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,171 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 4,171 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
- F2. The RSUs will vest fully on June 2, 2027. The Reporting Person has elected, pursuant to the Company's Non-Employee Director Compensation Guidelines, to defer payment of such RSUs (and corresponding dividend equivalents, if any) 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).
Key Figures
RSUs granted: 4,171 units
Underlying shares: 4,171 shares
Vesting date: June 2, 2027
+2 more
5 metrics
RSUs granted
4,171 units
Restricted Stock Units granted to director Eric Branderiz
Underlying shares
4,171 shares
Class A Common Stock underlying the RSUs
Vesting date
June 2, 2027
Full vesting of the RSU award
Price per RSU
$0.0000
Grant price; compensation award, not market purchase
Total RSUs held after grant
4,171 units
Director’s RSU holdings following this transaction
Key Terms
Restricted Stock Units, Class A Common Stock, dividend equivalents, change in control, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
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.
Class A Common Stock financial
"one share of Class A Common Stock of Cognizant Technology Solutions Corporation"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
dividend equivalents financial
"defer payment of such RSUs (and corresponding dividend equivalents, if any)"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
change in control financial
"until the first to occur of (1) a change in control, (2) the death"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Non-Employee Director Compensation Guidelines financial
"pursuant to the Company's Non-Employee Director Compensation Guidelines, to defer payment"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Cognizant (CTSH) director Eric Branderiz report in this Form 4?
Eric Branderiz reported receiving 4,171 restricted stock units as compensation. Each RSU represents a contingent right to one share of Cognizant Class A Common Stock, with the full award vesting on June 2, 2027, subject to standard conditions.
How many RSUs did Eric Branderiz acquire from Cognizant (CTSH)?
He acquired 4,171 restricted stock units. These RSUs were granted at no cash cost and each unit corresponds to one share of Class A Common Stock, providing equity-based compensation linked to Cognizant’s future performance and director service.
When do Eric Branderiz’s Cognizant (CTSH) RSUs vest?
The RSUs will vest fully on June 2, 2027. Vesting means he earns the right to receive the underlying Class A Common Stock, assuming continued service and satisfaction of any applicable conditions through that vesting date.
How did Eric Branderiz structure payment of his Cognizant (CTSH) RSUs?
He elected to defer payment of the RSUs and any dividend equivalents. Distribution will occur upon the earlier of a change in control, his death or permanent disability, or the first July 1 after his service terminates other than for death or permanent disability.
What does each RSU granted to Eric Branderiz by Cognizant (CTSH) represent?
Each restricted stock unit represents a contingent right to receive one share of Cognizant Class A Common Stock. Actual share delivery occurs after vesting and, in this case, after the deferred payment trigger specified in the company’s non-employee director compensation guidelines.