Cognizant officer vests 544 RSUs, 210 withheld
CTSH officer Rajesh Varrier reported quarterly RSU vesting into common shares, with a portion withheld to cover taxes.
Rhea-AI Filing Summary
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) reports that officer Rajesh Varrier, President Operations CMD India, had 544 Restricted Stock Units vest on September 1, 2026, converting into the same number of Class A Common shares. Of these, 210 shares were withheld to pay applicable taxes at $64.58 per share. The vested shares come from two RSU awards originally granted on February 25, 2026 under the company’s 2023 Incentive Award Plan, which vest in quarterly installments over three years. No Rule 10b5‑1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
544 shares exercised/converted
Exercise
5 txns
Insider
Varrier Rajesh
Role
President Operations CMD India
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F5 | 340 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F6 | 204 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1, F2 | 340 | -- | -- |
| Exercise | Class A Common Stock F3, F2 | 204 | -- | -- |
| Tax Withholding | Class A Common Stock F4 | 210 | $64.58 | $14K |
Holdings After Transaction:
Restricted Stock Units — 4,620 contracts (Direct);
Class A Common Stock — 10,462 shares (Direct)
Footnotes (6)
- 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 25, 2026.
- F2. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3. Shares of Class A Common Stock of the Company received from the vesting of 1/8th of the RSU award granted on February 25, 2026.
- F4. Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- F5. A total of 4,076 RSUs were originally granted on February 25, 2026 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, 2026, 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, 2029).
- F6. A total of 1,630 were originally granted on February 25, 2026 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, 2026, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the successive three vesting dates; and (iv) the remainder of such RSUs vesting on the twelfth vesting date (March 1, 2029).
Key Figures
RSUs vested: 544 shares
Shares withheld for taxes: 210 shares
Tax withholding price: $64.58 per share
+3 more
6 metrics
RSUs vested
544 shares
Total Restricted Stock Units vesting into Class A Common Stock on September 1, 2026
Shares withheld for taxes
210 shares
Class A Common Stock withheld to pay applicable taxes on RSU vesting
Tax withholding price
$64.58 per share
Price used for the 210 withheld shares
First RSU grant size
4,076 RSUs
Originally granted February 25, 2026 under the 2023 Incentive Award Plan, vesting 1/12th quarterly
Second RSU grant size
1,630 RSUs
Originally granted February 25, 2026 under the 2023 Incentive Award Plan, vesting in a tiered 12-installment schedule
Total derivative exercises
544 shares
Exercise or conversion of derivative securities (RSUs) reported in this Form 4
Key Terms
Restricted Stock Units, vesting, quarterly installments, Incentive Award Plan, +1 more
5 terms
Restricted Stock Units financial
"Shares of Class A Common Stock of Cognizant Technology Solutions Corporation received from the vesting of 1/12th of the restricted stock unit"
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.
vesting financial
"received from the vesting of 1/12th of the restricted stock unit award granted"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
quarterly installments financial
"began vesting in quarterly installments over three years, commencing on June 1, 2026"
Incentive Award Plan financial
"originally granted on February 25, 2026 under the Company's 2023 Incentive Award Plan"
An incentive award plan is a formal program that rewards employees, executives, or directors with cash, stock, options, or other pay when the company meets set goals or performance targets. Like a sales commission or a loyalty program that pays out when you hit milestones, it’s designed to align staff behavior with company objectives; investors care because it affects a company’s costs, share count (dilution), leadership incentives, and long-term value creation.
taxes withheld financial
"Shares of the Company's Class A Common Stock withheld to pay applicable taxes"
FAQ
What insider equity change did CTSH officer Rajesh Varrier report on September 1, 2026?
He reported 544 RSUs vesting into the same number of Class A Common shares on September 1, 2026, arising from two RSU awards granted on February 25, 2026 under Cognizant’s 2023 Incentive Award Plan.
What RSU grants underlie the reported CTSH transactions?
The transactions relate to two RSU awards: 4,076 RSUs and 1,630 RSUs, both granted on February 25, 2026 under Cognizant’s 2023 Incentive Award Plan, each scheduled to vest in quarterly installments over three years through March 1, 2029.
Was a Rule 10b5-1 trading plan involved in this CTSH Form 4?
No. The document-level checkbox indicates no Rule 10b5-1 plan for these transactions, and the footnotes do not describe any pre-arranged trading plan.
What portion of the larger CTSH RSU grant vested in this event?
For the 4,076 RSU grant, 1/12th vested on September 1, 2026; for the 1,630 RSU grant, 1/8th vested. Both grants vest quarterly over three years, with full vesting expected by March 1, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.