Cognizant officer has 1,270 RSUs vest into stock
Cognizant officer Rajesh Varrier had 1,270 RSUs vest into Class A shares, with 468 shares withheld at $64.10 each to satisfy tax obligations.
Rhea-AI Filing Summary
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) reports that officer Rajesh Varrier, President Operations CMD India, had 1,270 Restricted Stock Units vest and convert into an equal number of shares of Class A Common Stock on September 15, 2026. Of these shares, 468 were delivered or withheld at $64.10 per share to pay applicable taxes, and no Rule 10b5‑1 trading plan is reported. The vested shares relate to prior RSU grants made under Cognizant’s 2023 Incentive Award Plan with defined multi‑year quarterly vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,270 shares exercised/converted
Exercise
7 txns
Insider
Varrier Rajesh
Role
President Operations CMD India
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F6 | 749 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F7 | 272 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F8 | 249 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1, F2 | 749 | -- | -- |
| Exercise | Class A Common Stock F3, F2 | 272 | -- | -- |
| Exercise | Class A Common Stock F4, F2 | 249 | -- | -- |
| Tax Withholding | Class A Common Stock F5 | 468 | $64.10 | $30K |
Holdings After Transaction:
Restricted Stock Units — 2,041 contracts (Direct);
Class A Common Stock — 11,264 shares (Direct)
Footnotes (8)
- F1. Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the fully vested restricted stock unit ("RSU") award granted on September 3, 2024.
- 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 1/3rd of 1/6th of the RSU award granted on September 3, 2024.
- F4. Shares of Class A Common Stock of the Company received from the vesting of 1/12th of the RSU award granted on March 3, 2025.
- F5. Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- F6. A total of 5,991 RSUs were originally granted on September 3, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over two years, commencing on December 15, 2024, with 1/8th of such RSUs vesting on each quarterly vesting date and the remainder of the RSUs were fully vested on September 15, 2026.
- F7. A total of 4,884 RSUs were originally granted on September 3, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in 10 successive quarterly installments, commencing on December 15, 2024, with (i) 1/6th of such RSUs vesting on each of the first two vesting dates; (ii) 2/3rds of 1/6th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/6th of such RSUs vesting on each of the successive three vesting dates; and (iv) the remainder of such RSUs vesting on the tenth vesting date (March 15, 2027).
- F8. A total of 2,993 RSUs were originally granted on March 3, 2025 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 15, 2025, 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 15, 2028).
Key Figures
RSUs converted (total): 1,270 units
RSUs converted from fully vested 2024 grant: 749 units
Additional RSUs converted from 2024 grants: 272 units; 249 units
+5 more
8 metrics
RSUs converted (total)
1,270 units
Restricted Stock Units converted into Class A Common Stock on September 15, 2026
RSUs converted from fully vested 2024 grant
749 units
RSUs from the fully vested award granted on September 3, 2024
Additional RSUs converted from 2024 grants
272 units; 249 units
Portions of September 3, 2024 and March 3, 2025 RSU awards vesting on September 15, 2026
Shares withheld for taxes
468 shares
Class A Common Stock withheld to pay applicable taxes
Tax withholding price per share
$64.10 per share
Price applied to 468 withheld shares for tax payment
Original RSU grant (Sept. 3, 2024)
5,991 units
RSUs granted under the 2023 Incentive Award Plan, vesting quarterly over two years
Second RSU grant (Sept. 3, 2024)
4,884 units
RSUs vesting in 10 successive quarterly installments through March 15, 2027
RSU grant (March 3, 2025)
2,993 units
RSUs vesting in 12 quarterly installments through March 15, 2028
Key Terms
Restricted Stock Units, Class A Common Stock, 2023 Incentive Award Plan, tax liability
4 terms
Restricted Stock Units financial
"Shares of Class A Common Stock of Cognizant Technology Solutions Corporation received from the fully vested 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.
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock"
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.
2023 Incentive Award Plan financial
"A total of 5,991 RSUs were originally granted on September 3, 2024 under the Company's 2023 Incentive Award Plan"
tax liability financial
"Shares of the Company's Class A Common Stock withheld to pay applicable taxes"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did CTSH officer Rajesh Varrier report on September 15, 2026?
He reported the vesting and conversion of 1,270 RSUs into Class A Common Stock of Cognizant Technology Solutions Corp on September 15, 2026, with a portion of the resulting shares delivered or withheld to cover tax liabilities.
Were the Cognizant (CTSH) transactions by Rajesh Varrier under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5‑1 checkbox is marked so that no Rule 10b5‑1 trading plan is reported for these transactions, and the footnotes do not indicate any pre‑arranged trading plan.
What are the key RSU grants underlying these CTSH transactions?
The RSUs stem from grants of 5,991 RSUs (September 3, 2024), 4,884 RSUs (September 3, 2024), and 2,993 RSUs (March 3, 2025), all granted under Cognizant’s 2023 Incentive Award Plan with specified quarterly vesting schedules over two to three years.
How were the Cognizant (CTSH) RSU vesting schedules structured for Rajesh Varrier?
One grant of 5,991 RSUs vests quarterly over two years starting December 15, 2024; another of 4,884 RSUs vests in 10 quarterly installments; and a 2,993 RSU grant vests in 12 quarterly installments starting June 15, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
