Cognizant (NASDAQ: CTSH) awards RSUs and PSUs to executive Ayyar
Rhea-AI Filing Summary
Ayyar Balu Ganesh reported acquisition or exercise transactions in this Form 4 filing.
COGNIZANT TECHNOLOGY SOLUTIONS CORP granted President – APJ and ISG Balu Ganesh Ayyar 13,859 restricted stock units (RSUs) on February 25, 2026 under the 2023 Incentive Award Plan. Each RSU represents a contingent right to receive one share of Class A common stock.
The 13,859 RSUs vest in twelve quarterly installments, with one‑twelfth first vesting on June 1, 2026 and the remainder vesting on each quarterly anniversary, finishing on March 1, 2029. The filing also notes that a portion of 13,576 performance stock units (PSUs) granted in 2023 will vest after approximately 57% of performance criteria were determined to be satisfied, subject to continued service through March 15, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 13,859 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 7.771 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company"). A total of 13,859 RSUs were granted on February 25, 2026, under the Company's 2023 Incentive Award Plan and will vest in twelve successive quarterly installments, with 1/12th of such RSUs first vesting on June 1, 2026, and each quarterly anniversary of such date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2029). Each performance-based stock unit ("PSU") represents a contingent right to receive one share of Class A Common Stock of the Company. Represents a portion of the 13,576 PSUs (a) that were originally granted on March 6, 2023, pursuant to the Company's 2017 Incentive Award Plan and (b) for which the Company's Compensation and Human Capital Committee (the "Committee") determined, on February 25, 2026, that approximately 57% of the related performance criteria had been satisfied. In accordance with the award agreement, in light of the Committee's determination regarding the satisfaction of performance criteria, the portion of the award shown in Table II above will vest and settle in Class A Common Stock of the Company on March 15, 2026, provided that the Reporting Person remains in the Company's service through such date.