Cognizant CLO reports RSU vesting, tax withholding
Cognizant Technology Solutions chief legal and accounting officer John Sunshin Kim reported RSU vesting and related share movements.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,274 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 956 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,274 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 956 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,196 | $64.43 | $77K |
Footnotes (6)
- 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 February 28, 2024.
- F2. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3. 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.
- F4. Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- F5. 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).
- F6. 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
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What insider transactions did Cognizant (CTSH) disclose for John Sunshin Kim?
How many Cognizant (CTSH) RSUs were originally granted to John Sunshin Kim?
What vesting schedule applies to John Kim’s Cognizant (CTSH) RSU awards?
AI-generated analysis. How Rhea-AI works. Not financial advice.