Cognizant (CTSH) CFO receives new RSU grants and PSUs
Rhea-AI Filing Summary
Dalal Jatin P reported acquisition or exercise transactions in this Form 4 filing.
Cognizant Technology Solutions’ Chief Financial Officer, Jatin P. Dalal, reported equity awards in the form of restricted and performance stock units.
He was granted 35,463 restricted stock units on February 25, 2026 under the 2023 Incentive Award Plan, vesting in twelve quarterly installments from June 1, 2026 through March 1, 2029. A separate grant of 12,228 restricted stock units will also vest in twelve quarterly installments over the same period, with varying quarterly percentages.
The filing also notes performance stock units from a February 28, 2024 grant, for which the Compensation and Human Capital Committee determined approximately 121% of the related performance criteria were achieved. Those performance units are scheduled to vest and settle in Class A common stock on March 15, 2026, if the CFO remains in service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 35,463 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 12,228 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 28,521 | $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 35,463 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 12,228 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 23,572 PSUs (a) that were originally granted on February 28, 2024, pursuant to the Company's 2023 Incentive Award Plan and (b) for which the Company's Compensation and Human Capital Committee (the "Committee") determined, on February 25, 2026, that approximately 121% 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 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.