Cognizant Insider Vesting: Gummadi Gains 2,295 Shares; Tax Withholding Reported
Rhea-AI Filing Summary
Cognizant (CTSH) insider Surya Gummadi received shares from scheduled RSU vesting on 09/15/2025, increasing his direct holdings through three related events. He received 1,397 shares and 898 shares from two separate vesting schedules tied to RSU grants made on March 3, 2025, while 1,157 shares were withheld to cover taxes at a price of $69.17 per share. After these transactions his direct beneficial ownership of Class A common stock is reported at 44,536 shares. The RSUs originated from two awards: 16,764 RSUs vesting quarterly over three years and 7,184 RSUs with a staggered quarterly schedule that also completes in March 2028.
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Insights
TL;DR: Routine executive compensation vesting increased direct share ownership; no sale or market-impacting disposition reported.
The Form 4 discloses scheduled vesting of restricted stock units into Class A shares, with shares withheld solely for tax obligations. These are non-discretionary, time-based vesting events tied to awards granted March 3, 2025, and do not reflect open-market purchases or sales. The transactions raise the reporting person's direct share count modestly to 44,536 shares, which for most public companies of Cognizant's scale is unlikely to be material to capitalization but is relevant for insider ownership tracking and governance disclosures.
TL;DR: Disclosure consistent with standard equity compensation practices; withholding for taxes properly reported.
The filing documents routine compliance with Section 16 reporting for time-based RSU vesting and tax withholding. The filing shows two separate grant schedules with defined vesting patterns ending in March 2028 and indicates proper reporting of shares withheld to satisfy tax obligations at $69.17 per share. No departures, option exercises for cash, or transfers to affiliates are shown, suggesting standard compensation administration without governance red flags.