Cognizant CEO exercises RSUs, withholds shares for tax
Cognizant Technology Solutions CEO Ravi Kumar Singisetti reported equity award activity involving restricted stock units and common shares.
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Rhea-AI Filing Summary
Cognizant Technology Solutions CEO Ravi Kumar Singisetti reported equity award activity involving restricted stock units and common shares. On February 16, 2026, 5,777 restricted stock units were exercised and converted into 5,777 shares of Class A common stock at a stated price of $0.00 per share, reflecting vesting of a prior RSU grant. On the same date, 3,072 shares of Class A common stock were withheld at $66.55 per share to cover applicable taxes. After these transactions, he directly owned 77,914 shares of Class A common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,777 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 5,777 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 3,072 | $66.55 | $204K |
Footnotes (4)
- F1. Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the fully vested restricted stock unit ("RSU") award granted on February 16, 2023.
- F2. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3. Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- F4. A total of 69,318 RSUs were originally granted on February 16, 2023 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 16, 2023, with 1/12th of such RSUs vesting on each quarterly vesting date and the remainder of the RSUs were fully vested on February 16, 2026.
FAQ
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What insider transactions did Cognizant (CTSH) disclose for its CEO?
What type of equity award vested for Cognizant (CTSH) CEO Ravi Kumar Singisetti?
What was the original size and vesting schedule of the CEO’s RSU grant at Cognizant (CTSH)?
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