Cognizant (NASDAQ: CTSH) director receives RSU dividend grant
Rhea-AI Filing Summary
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) director Joseph M. Velli reported an acquisition of restricted stock units (RSUs) tied to the company’s Class A Common Stock. On 2026-08-25, he received 21.8273 RSUs, granted as dividend equivalent rights on previously outstanding RSUs, each representing a contingent right to one share of Class A Common Stock. Following this award, his directly held RSU balance reported in this filing increased to 4,192.8273 RSUs. These RSUs are scheduled to vest fully on June 2, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
VELLI JOSEPH M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 21.8273 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 4,192.8273 shares (Direct)
Footnotes (2)
- F1. Reflects restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Company.
- F2. The restricted stock units will vest fully on June 2, 2027.
Key Figures
Restricted Stock Units acquired: 21.8273 RSUs
RSUs following transaction: 4,192.8273 RSUs
Transaction price per RSU: $0.0000 per unit
+1 more
4 metrics
Restricted Stock Units acquired
21.8273 RSUs
Grant/award acquisition on 2026-08-25 as dividend equivalent rights
RSUs following transaction
4,192.8273 RSUs
Total directly held restricted stock units after the 2026-08-25 award
Transaction price per RSU
$0.0000 per unit
Reported price for the RSU grant/award acquisition
RSU vesting date
June 2, 2027
Date when the reported restricted stock units vest fully
Key Terms
Restricted Stock Units, dividend equivalent rights, Class A Common Stock, contingent right
4 terms
Restricted Stock Units financial
"Reflects restricted stock units received pursuant to dividend equivalent rights"
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.
dividend equivalent rights financial
"received pursuant to dividend equivalent rights accrued on previously"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Class A Common Stock financial
"receive one share of Class A Common Stock of the Company"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
contingent right financial
"Each restricted stock unit represents a contingent right to receive"
FAQ
What insider transaction did CTSH director Joseph M. Velli report?
He reported an acquisition of 21.8273 restricted stock units on 2026-08-25. The RSUs were received as dividend equivalent rights on previously outstanding RSUs, each representing a contingent right to one share of Class A Common Stock of Cognizant Technology Solutions Corp (CTSH).
How many CTSH restricted stock units does Joseph M. Velli hold after this transaction?
After the reported transaction, Joseph M. Velli holds a total of 4,192.8273 restricted stock units directly. Each RSU represents a contingent right to receive one share of Cognizant Technology Solutions Corp Class A Common Stock, subject to vesting conditions.
What is the nature of the RSUs acquired by Joseph M. Velli at Cognizant (CTSH)?
The 21.8273 RSUs acquired were granted pursuant to dividend equivalent rights accrued on previously outstanding RSUs. Each RSU represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corp upon vesting.
When will Joseph M. Velli’s newly reported CTSH restricted stock units vest?
The newly reported restricted stock units will vest fully on June 2, 2027. Until vesting, each unit represents a contingent right for Joseph M. Velli to receive one share of Cognizant Technology Solutions Corp Class A Common Stock.
Was the reported CTSH insider transaction part of a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the transaction is a grant/award acquisition of restricted stock units rather than an open-market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
