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Cognizant (NASDAQ: CTSH) director Vinita Bali granted new RSUs from dividend equivalents

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

Positive

  • None.

Negative

  • None.
Insider Bali Vinita
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 18.012 $0.00 --
Holdings After Transaction: Restricted Stock Units — 2,919.626 shares (Direct, null)
Footnotes (1)
  1. 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. The restricted stock units will vest fully on June 3, 2026.
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
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bali Vinita
(Last)(First)(Middle)
C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP.
300 FRANK W. BURR BLVD., STE. 36, 6 FL.
(Street)
TEANECK NEW JERSEY 07666
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
COGNIZANT TECHNOLOGY SOLUTIONS CORP [ CTSH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/27/2026A(1)18.0122 (2) (2)Class A Common Stock18.0122$02,919.6262D
Explanation of Responses:
1. 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.
2. The restricted stock units will vest fully on June 3, 2026.
Remarks:
/s/ Melissa Glass, on behalf of Vinita Bali, by Power of Attorney05/29/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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.