Cognizant executive vests RSUs, shares withheld for tax
Cognizant Technology Solutions president of operations in India, Rajesh Varrier, reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions president of operations in India, Rajesh Varrier, reported routine equity compensation activity. On June 1, 2026, he acquired 542 shares of Class A Common Stock through the vesting of restricted stock units (RSUs), while 210 shares were withheld to cover taxes. After these transactions, he directly holds 9,323 shares of Cognizant Class A Common Stock. The RSUs stem from awards originally covering 4,076 and 1,630 units granted on February 25, 2026 under the company’s 2023 Incentive Award Plan, which vest quarterly through March 1, 2029.
Insider Trade Summary
542 shares exercised/converted
Exercise
5 txns
Insider
Varrier Rajesh
Role
President Operations CMD India
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 339 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 203 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 339 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 203 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 210 | $55.76 | $12K |
Holdings After Transaction:
Restricted Stock Units — 5,164 contracts (Direct);
Class A Common Stock — 9,323 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
Shares acquired via RSU vesting: 542 shares
Shares withheld for taxes: 210 shares
Post-transaction holdings: 9,323 shares
+5 more
8 metrics
Shares acquired via RSU vesting
542 shares
Class A Common Stock received on June 1, 2026
Shares withheld for taxes
210 shares
Withheld at $55.76 per share on June 1, 2026
Post-transaction holdings
9,323 shares
Directly held Cognizant Class A Common Stock after transactions
First RSU grant size
4,076 RSUs
Granted February 25, 2026 under 2023 Incentive Award Plan
Second RSU grant size
1,630 RSUs
Granted February 25, 2026 under 2023 Incentive Award Plan
Remaining RSUs from 203-share vest
1,427 RSUs
Restricted Stock Units remaining after 203 converted into shares
Remaining RSUs from 339-share vest
3,737 RSUs
Restricted Stock Units remaining after 339 converted into shares
Tax withholding price
$55.76 per share
Value used for 210-share tax withholding disposition
Key Terms
Restricted Stock Units, Incentive Award Plan, taxes, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"Shares of Class A Common Stock of Cognizant Technology Solutions Corporation received from the vesting of the restricted stock unit award."
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.
Incentive Award Plan financial
"Originally granted under the Company's 2023 Incentive Award Plan and vesting in quarterly installments over three years."
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 financial
"Shares of the Company's Class A Common Stock withheld to pay applicable taxes."
derivative exercise/conversion financial
"Transaction code M described as exercise or conversion of derivative security."
tax-withholding disposition financial
"Transaction code F described as payment of tax liability by delivering securities."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Cognizant (CTSH) executive Rajesh Varrier report on this Form 4?
Rajesh Varrier reported routine equity compensation activity involving RSUs. He received 542 Cognizant Class A Common shares from RSU vesting and had 210 shares withheld to cover taxes, leaving him with 9,323 directly held shares after the transactions.
What RSU awards underlie Rajesh Varrier’s Cognizant (CTSH) Form 4 filing?
The filing references RSU awards originally covering 4,076 and 1,630 units, granted on February 25, 2026 under Cognizant’s 2023 Incentive Award Plan. These awards vest in quarterly installments beginning June 1, 2026 and are scheduled to be fully vested by March 1, 2029.
Is Rajesh Varrier’s Cognizant (CTSH) Form 4 transaction an open-market buy or sell?
No, the reported activity is not an open-market trade. It reflects RSU vesting (coded M for derivative exercises) and a tax-withholding disposition (coded F), where 210 shares were withheld by Cognizant to pay taxes rather than sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
