Cognizant (NASDAQ: CTSH) CPO Diaz details RSU vesting and share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions Chief People Officer Kathryn Diaz reported routine equity compensation activity tied to restricted stock units (RSUs). On March 1, 2026, 744 RSUs vested and were converted into 744 shares of Class A common stock, reflecting 1/12th of an award granted on February 28, 2024.
To cover taxes on this vesting, 386 shares of Class A common stock were withheld at a price of $64.43 per share. After these transactions, Diaz held 18,605 shares of Class A common stock directly and 2,973 RSUs, which continue to vest quarterly through March 1, 2027 under the company’s 2023 Incentive Award Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
744 shares exercised/converted
Mixed
3 txns
Insider
Diaz Kathryn
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 744 | $0.00 | -- |
| Exercise | Class A Common Stock | 744 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 386 | $64.43 | $25K |
Holdings After Transaction:
Restricted Stock Units — 2,973 shares (Direct);
Class A Common Stock — 18,991 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 the Company's Class A Common Stock withheld to pay applicable taxes. A total of 8,919 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).
FAQ
What did Cognizant (CTSH) executive Kathryn Diaz report in this Form 4?
Kathryn Diaz reported routine equity compensation activity from RSU vesting and related tax withholding. 744 restricted stock units vested into Class A shares, and a portion of those shares was withheld to satisfy tax obligations, with remaining shares retained as direct ownership.
How many Cognizant (CTSH) RSUs vested for Kathryn Diaz on March 1, 2026?
744 restricted stock units vested for Kathryn Diaz on March 1, 2026. These units represent 1/12th of an 8,919‑unit RSU award granted on February 28, 2024, scheduled to vest in equal quarterly installments over three years under Cognizant’s 2023 Incentive Award Plan.
What is the size and vesting schedule of Kathryn Diaz’s Cognizant (CTSH) RSU grant?
Diaz originally received 8,919 RSUs on February 28, 2024 under Cognizant’s 2023 Incentive Award Plan. The grant vests in equal quarterly installments of 1/12th each, beginning June 1, 2024, with full vesting expected on the twelfth quarterly vesting date, March 1, 2027.
Does this Cognizant (CTSH) Form 4 show an open-market stock sale by Kathryn Diaz?
The Form 4 does not show an open‑market sale. It reports RSU vesting, conversion into common shares, and 386 shares withheld to pay applicable taxes, which is categorized as tax‑withholding disposition rather than a discretionary sale in the open market.