Cognizant (CTSH) awards RSUs and PSUs to CLO and CAO Kim
Rhea-AI Filing Summary
Kim John Sunshin reported acquisition or exercise transactions in this Form 4 filing.
Cognizant Technology Solutions granted equity awards to its Chief Legal Officer, Chief Accounting Officer and Corporate Secretary, John Sunshin Kim. He received 26,903 restricted stock units (RSUs) that vest in twelve equal quarterly installments starting on June 1, 2026 and fully vesting by March 1, 2029.
An additional 3,261 RSUs were granted with a more staggered quarterly vesting schedule, also running through March 1, 2029. Kim was also credited with 10,972 performance stock units (PSUs) from an award originally granted on March 6, 2023, after the company’s Compensation and Human Capital Committee determined that approximately 57% of the performance criteria were met. These PSUs are scheduled to vest and settle in Class A common stock on March 15, 2026, if he remains in service through that date.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 26,903 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,261 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 10,972 | $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 26,903 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). A total of 3,261 RSUs were granted on February 25, 2026 under the Company's 2023 Incentive Award Plan and will vest in twelve successive quarterly installments, with (i) 1/8th of such RSUs vesting on each of June 1, 2026 and the next three quarterly anniversaries of such date; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the following four quarterly anniversaries of such date; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the following three quarterly anniversaries of such date; and (iv) the remainder of such RSUs vesting on the eleventh quarterly anniversary of such 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 19,166 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.
FAQ
What equity awards did Cognizant (CTSH) grant to John Sunshin Kim?
Cognizant granted John Sunshin Kim RSUs and PSUs as part of his compensation. He received 26,903 RSUs, 3,261 additional RSUs, and 10,972 performance stock units, each representing one share of Class A common stock upon vesting and settlement.
How do the 26,903 RSUs for Cognizant (CTSH) executive John Sunshin Kim vest?
The 26,903 RSUs vest in twelve successive quarterly installments. One-twelfth vests on June 1, 2026, with additional installments on each quarterly anniversary, so the award becomes fully vested on the twelfth vesting date, March 1, 2029, assuming continued service.
What is the vesting schedule for the additional 3,261 RSUs at Cognizant (CTSH)?
The 3,261 RSUs vest over twelve quarterly dates with varying fractions each quarter. Larger fractions vest in the earlier quarters and smaller fractions later, with the remaining balance vesting on the eleventh quarterly anniversary, ending on March 1, 2029, subject to continued service.
What are Cognizant (CTSH) performance stock units granted to John Sunshin Kim?
The 10,972 PSUs stem from a 19,166-unit award originally granted March 6, 2023. Cognizant’s Compensation and Human Capital Committee determined about 57% of performance goals were satisfied, so this portion will vest and settle in stock on March 15, 2026, if service continues.
When will John Sunshin Kim’s Cognizant (CTSH) PSUs vest and settle?
The portion of the PSU award totaling 10,972 units will vest and settle in Cognizant Class A common stock on March 15, 2026. This occurs only if John Sunshin Kim remains in the company’s service through that vesting and settlement date.
What does each RSU and PSU represent in the Cognizant (CTSH) awards?
Each RSU and PSU represents a contingent right to receive one share of Cognizant Class A common stock. Delivery of shares depends on the applicable vesting schedule and, for PSUs, on satisfaction of performance criteria and continued employment through the settlement date.