Cognizant Technology Solutions Corp (CTSH) CFO RSU vesting and tax withholding
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 873 shares
Net Buy
3 txns
Insider
Dalal Jatin P
Role
Chief Financial Officer
| 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 |
Holdings After Transaction:
Restricted Stock Units — 7,858 shares (Direct);
Class A Common Stock — 38,461 shares (Direct)
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
RSUs vested: 1,964 RSUs
Shares withheld for taxes: 1,091 shares
Tax withholding price: $64.4300 per share
+2 more
5 metrics
RSUs vested
1,964 RSUs
Restricted Stock Units vested and converted into Class A Common Stock on March 1, 2026
Shares withheld for taxes
1,091 shares
Class A Common Stock withheld to pay applicable taxes at $64.4300 per share
Tax withholding price
$64.4300 per share
Price used for tax-withholding disposition of Class A Common Stock
RSUs originally granted
23,572 RSUs
RSU award granted February 28, 2024 under the 2023 Incentive Award Plan
Post-transaction common shares held
38,461 shares
Class A Common Stock directly held by Jatin P. Dalal after reported transactions
Key Terms
Restricted Stock Units, tax-withholding disposition, 2023 Incentive Award Plan, quarterly vesting date
4 terms
Restricted Stock Units financial
"vesting of 1/12th of the restricted stock unit award granted on February 28, 2024"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action is described as a tax-withholding disposition of Class A Common Stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
2023 Incentive Award Plan financial
"RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan"
quarterly vesting date financial
"RSUs began vesting in quarterly installments with 1/12th vesting on each quarterly vesting date"
FAQ
What RSUs vested for Cognizant (CTSH) CFO Jatin P. Dalal in this Form 4?
1,964 Restricted Stock Units vested for CFO Jatin P. Dalal on March 1, 2026, converting into an equal number of Class A Common shares. These units are part of a 23,572‑RSU award granted on February 28, 2024 under the 2023 Incentive Award Plan.
What is the size and schedule of Jatin Dalal’s RSU grant at Cognizant (CTSH)?
Dalal received a grant of 23,572 RSUs on February 28, 2024 under Cognizant’s 2023 Incentive Award Plan. The award vests in quarterly installments over three years, with 1/12th vesting each quarter and full vesting expected by March 1, 2027.
Were Jatin Dalal’s Cognizant (CTSH) transactions under a Rule 10b5-1 plan?
No, the filing’s Rule 10b5-1 checkbox is unchecked, indicating these transactions were not affirmed as occurring under a Rule 10b5-1 trading plan. The reported activity reflects RSU vesting and related tax-withholding of shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
