Cognizant director granted new restricted stock units
Cognizant Technology Solutions director John M. Dineen reported three acquisitions of restricted stock units on February 26, 2026, all at a stated price of zero under the company’s compensation arrangements.
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Rhea-AI Filing Summary
Cognizant Technology Solutions director John M. Dineen reported three acquisitions of restricted stock units on February 26, 2026, all at a stated price of zero under the company’s compensation arrangements. Some units arose from dividend equivalent rights on earlier awards and are already fully vested, while another block is scheduled to vest fully on June 3, 2026. Dineen has elected to defer settlement of these units, with delivery of Cognizant Class A shares tied to events such as a change in control, death or permanent disability, or specific dates after his board service ends.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 102.2459 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 36.13 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 14.6635 | $0.00 | $0.00 |
Footnotes (5)
- F1. Reflects restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding restricted stock units. Each restricted stock unit represents a right to receive one share of Class A Common Stock of the Company.
- F2. The restricted stock units are fully vested. The Reporting Person has elected, pursuant to the Company's Non-Employee Director Compensation Guidelines (the "Guidelines"), to defer settlement of such restricted stock units until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability).
- F3. The restricted stock units are fully vested. The Reporting Person has elected, pursuant to the Company's Guidelines, to defer settlement of such restricted stock units until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) in three equal installments on July 1 in the first, second and third years following the date of the Reporting Person's termination of service (other than due to death or permanent disability).
- F4. 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.
- F5. The restricted stock units will vest fully on June 3, 2026. The Reporting Person has elected, pursuant to the Company's Guidelines, to defer settlement of such restricted stock units until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) in three equal installments on July 1 in the first, second and third years following the date of the Reporting Person's termination of service (other than due to death or permanent disability).
FAQ
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What insider transactions did Cognizant (CTSH) director John M. Dineen report?
How were the new Cognizant (CTSH) restricted stock units for John M. Dineen generated?
When do John M. Dineen’s new Cognizant (CTSH) restricted stock units vest?
What deferral elections did John M. Dineen make for his Cognizant (CTSH) restricted stock units?
Are John M. Dineen’s Cognizant (CTSH) restricted stock units fully vested or subject to future vesting?
AI-generated analysis. How Rhea-AI works. Not financial advice.