Cognizant director awarded RSUs from dividend equivalents
Bali Vinita reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Bali Vinita reported acquisition or exercise transactions in this Form 4 filing.
Cognizant Technology Solutions director Vinita Bali received a grant of 18.0122 restricted stock units (RSUs), issued as dividend equivalent rights on previously outstanding RSUs. Each RSU represents one share of Class A Common Stock. Following this award, she holds 2,919.6262 RSUs, which will vest fully on June 3, 2026.
Insider Trade Summary
Grant/Award: 18.0122 shares
Grant/Award
1 txn
Insider
Bali Vinita
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 18.0122 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 2,919.6262 contracts (Direct)
Footnotes (2)
- F1. Reflects restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Company.
- F2. The restricted stock units will vest fully on June 3, 2026.
Key Figures
RSUs granted: 18.0122 RSUs
Total RSUs after transaction: 2,919.6262 RSUs
Vesting date: June 3, 2026
3 metrics
RSUs granted
18.0122 RSUs
Restricted stock units from dividend equivalent rights on 2026-05-27
Total RSUs after transaction
2,919.6262 RSUs
Holdings following the reported Form 4 transaction
Vesting date
June 3, 2026
Full vesting date for the reported restricted stock units
Key Terms
Restricted Stock Units, dividend equivalent rights, Class A Common Stock
3 terms
Restricted Stock Units financial
"Reflects restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding restricted stock units."
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
"Reflects restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding restricted stock units."
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.
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Company."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cognizant (CTSH) director Vinita Bali report?
Director Vinita Bali reported receiving 18.0122 restricted stock units as an equity award. These RSUs arose from dividend equivalent rights on previously outstanding RSUs and represent a contingent right to receive the same number of Class A Common Stock shares.
How many restricted stock units does Vinita Bali hold after this CTSH Form 4?
After this transaction, Vinita Bali holds a total of 2,919.6262 restricted stock units. These RSUs collectively represent a contingent right to receive an equal number of Cognizant Class A Common Stock shares, subject to the vesting schedule described in the filing footnotes.
When do Vinita Bali’s new Cognizant (CTSH) RSUs vest?
The restricted stock units reported in this Form 4 will vest fully on June 3, 2026. Vesting means the RSUs convert into shares of Class A Common Stock, assuming all applicable conditions are met and she remains entitled to the award through that date.
What is the origin of the 18.0122 RSUs granted to Vinita Bali at Cognizant?
The 18.0122 RSUs were received under dividend equivalent rights tied to previously outstanding restricted stock units. Dividend equivalents credit additional RSUs instead of cash when dividends are paid, keeping the award’s value aligned with Cognizant’s Class A Common Stock.
Does Vinita Bali pay anything for the new Cognizant RSUs disclosed in the Form 4?
The transaction shows a price of $0.0000 per unit, indicating no cash payment by Vinita Bali. These RSUs are a grant related to dividend equivalent rights, rather than an open-market purchase of Cognizant Class A Common Stock shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
