Cognizant director awarded 18 RSUs via dividend equivalents
VELLI JOSEPH M reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
VELLI JOSEPH M reported acquisition or exercise transactions in this Form 4 filing.
Cognizant Technology Solutions director receives additional RSUs from dividend equivalents. Director Joseph M. Velli was granted 18.0122 restricted stock units as a result of dividend equivalent rights on previously outstanding RSUs. Each unit represents a contingent right to one share of Class A Common Stock and will fully vest on June 3, 2026, bringing his directly held RSU balance to 2,919.6262 units.
Insider Trade Summary
Grant/Award: 18.0122 shares
Grant/Award
1 txn
Insider
VELLI JOSEPH M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 18.0122 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 2,919.6262 contracts (Direct)
Footnotes (2)
- F1. 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.
- F2. The restricted stock units will vest fully on June 3, 2026.
Key Figures
RSUs granted: 18.0122 units
RSUs after transaction: 2,919.6262 units
Grant price per RSU: $0.0000 per unit
+2 more
5 metrics
RSUs granted
18.0122 units
Restricted stock units from dividend equivalent rights on RSUs
RSUs after transaction
2,919.6262 units
Total directly held restricted stock units following grant
Grant price per RSU
$0.0000 per unit
Reported transaction price per restricted stock unit
Vesting date
June 3, 2026
Restricted stock units will vest fully on this date
Security type
Restricted Stock Units
Each unit represents one share of Class A Common Stock
Key Terms
Restricted Stock Units, dividend equivalent rights, Class A Common Stock, contingent right
4 terms
Restricted Stock Units financial
"Reflects restricted stock units received pursuant to dividend equivalent rights"
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.
dividend equivalent rights financial
"received pursuant to dividend equivalent rights accrued on previously outstanding restricted stock units"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of 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.
contingent right financial
"represents a contingent right to receive one share of Class A Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cognizant (CTSH) report for Joseph M. Velli?
Cognizant reported that director Joseph M. Velli received 18.0122 restricted stock units as a grant. These units arose from dividend equivalent rights on his existing RSUs and increase his total directly held RSUs to 2,919.6262, subject to future vesting conditions.
What are the terms of the new restricted stock units granted at Cognizant (CTSH)?
The new grant consists of 18.0122 restricted stock units tied to Cognizant Class A Common Stock. Each unit represents a contingent right to one share. According to the disclosure, the entire block of RSUs will fully vest on June 3, 2026, if conditions are satisfied.
Why did Cognizant (CTSH) grant 18.0122 additional restricted stock units?
The 18.0122 additional RSUs were granted pursuant to dividend equivalent rights on previously outstanding RSUs. When dividends are paid, these rights accrue additional units instead of cash, aligning the director’s equity compensation with shareholder distributions over time.
When will Joseph M. Velli’s new Cognizant (CTSH) RSUs vest?
The filing states that the new restricted stock units will vest fully on June 3, 2026. Vesting means the contingent right to receive shares of Class A Common Stock becomes non-forfeitable, subject to any applicable service or other conditions in the award terms.
How many restricted stock units does Joseph M. Velli hold after this Cognizant (CTSH) transaction?
After the dividend-equivalent grant, Joseph M. Velli holds 2,919.6262 restricted stock units directly. Each RSU corresponds to a contingent right to receive one share of Cognizant Class A Common Stock, with vesting schedules governing when those shares may be delivered.
AI-generated analysis. How Rhea-AI works. Not financial advice.
