Cognizant CFO Dalal vests RSUs, withholds shares for tax
Cognizant Technology Solutions Corp reports that Chief Financial Officer Jatin P. Dalal had 1,964 Restricted Stock Units vest on March 1, 2026, converting into an equal number of Class A Common shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Cognizant Technology Solutions Corp reports that Chief Financial Officer Jatin P. Dalal had 1,964 Restricted Stock Units vest on March 1, 2026, converting into an equal number of Class A Common shares. 1,091 shares at $64.4300 per share were withheld to cover taxes. After these transactions, he directly holds 38,461 shares of Class A Common Stock. The RSU award originally comprised 23,572 units granted on February 28, 2024, vesting in quarterly installments through March 1, 2027.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,964 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,964 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,091 | $64.43 | $70K |
Footnotes (4)
- F1. 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.
- 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 23,572 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).
Key Figures
Key Terms
Restricted Stock Units financial
tax-withholding disposition financial
2023 Incentive Award Plan financial
quarterly vesting date financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What RSUs vested for Cognizant (CTSH) CFO Jatin P. Dalal in this Form 4?
What is the size and schedule of Jatin Dalal’s RSU grant at Cognizant (CTSH)?
Were Jatin Dalal’s Cognizant (CTSH) transactions under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.