Cognizant (CTSH) CLO gains shares from RSU vesting, withholds for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions chief legal and accounting officer John Sunshin Kim reported RSU vesting and related share movements. On March 1, 2026, he acquired Class A common shares through the exercise of two restricted stock unit awards and disposed of shares solely to cover taxes. The RSUs stem from original grants of 15,290 and 11,467 units granted on February 28, 2024 under the 2023 Incentive Award Plan, which vest quarterly through March 1, 2027. Shares withheld in the Form 4 were used to pay applicable tax obligations, not for an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,230 shares exercised/converted
Mixed
5 txns
Insider
Kim John Sunshin
Role
CLO, CAO & Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,274 | $0.00 | -- |
| Exercise | Restricted Stock Units | 956 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,274 | $0.00 | -- |
| Exercise | Class A Common Stock | 956 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,196 | $64.43 | $77K |
Holdings After Transaction:
Restricted Stock Units — 5,097 shares (Direct);
Class A Common Stock — 34,104 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 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 2/3rds of 1/8th of the RSU award granted on February 28, 2024. Shares of the Company's Class A Common Stock withheld to pay applicable taxes. A total of 15,290 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 11,467 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 (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, 2027).
FAQ
What insider transactions did Cognizant (CTSH) disclose for John Sunshin Kim?
The filing shows John Sunshin Kim acquired Cognizant Class A shares from vesting restricted stock units and disposed of some shares to cover taxes. All movements on March 1, 2026 relate to prior RSU grants under the 2023 Incentive Award Plan, not open-market trades.
How many Cognizant (CTSH) RSUs were originally granted to John Sunshin Kim?
Kim received 15,290 RSUs and 11,467 RSUs on February 28, 2024 under Cognizant’s 2023 Incentive Award Plan. These awards vest in scheduled quarterly installments over three years, ending March 1, 2027, creating multiple future dates when units convert into Class A common stock.
What vesting schedule applies to John Kim’s Cognizant (CTSH) RSU awards?
One 15,290-unit RSU grant vests in equal 1/12th installments each quarter from June 1, 2024 to March 1, 2027. The 11,467-unit grant vests using a more complex 12-date schedule with different fractions, also completing on March 1, 2027, according to the Form 4 footnotes.