[Form 4] COGNIZANT TECHNOLOGY SOLUTIONS CORP Insider Trading Activity
Rhea-AI Filing Summary
Gummadi Surya reported acquisition or exercise transactions in this Form 4 filing.
Cognizant Technology Solutions reported that Surya Gummadi, President – Americas, was granted new equity awards in the form of restricted stock units (RSUs) and performance stock units (PSUs). On February 25, 2026, he received 27,718 RSUs and a separate grant of 11,413 RSUs under the company’s 2023 Incentive Award Plan.
The 27,718 RSUs vest in twelve equal quarterly installments beginning June 1, 2026, and will be fully vested by March 1, 2029. The 11,413 RSUs follow a more front‑loaded quarterly vesting schedule, also concluding on March 1, 2029.
Gummadi was also credited with 10,058 PSUs, representing a portion of 17,569 PSUs originally granted on March 6, 2023, for which the Compensation and Human Capital Committee determined approximately 57% of performance goals were achieved. These PSUs are scheduled to vest and settle in Class A common stock on March 15, 2026, if he remains in service through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 27,718 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 11,413 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 10,058 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company"). A total of 27, 718 RSUs were granted on February 25, 2026, under the Company's 2023 Incentive Award Plan and will vest in twelve successive quarterly installments, with 1/12th of such RSUs first vesting on June 1, 2026, and each quarterly anniversary of such date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2029). A total of 11,413 RSUs were granted on February 25, 2026 under the Company's 2023 Incentive Award Plan and will vest in twelve successive quarterly installments, with (i) 1/8th of such RSUs vesting on each of June 1, 2026 and the next three quarterly anniversaries of such date; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the following four quarterly anniversaries of such date; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the following three quarterly anniversaries of such date; and (iv) the remainder of such RSUs vesting on the eleventh quarterly anniversary of such date (March 1, 2029). Each performance-based stock unit ("PSU") represents a contingent right to receive one share of Class A Common Stock of the Company. Represents a portion of the 17,569 PSUs (a) that were originally granted on March 6, 2023, pursuant to the Company's 2017 Incentive Award Plan and (b) for which the Company's Compensation and Human Capital Committee (the "Committee") determined, on February 25, 2026, that approximately 57% of the related performance criteria had been satisfied. In accordance with the award agreement, in light of the Committee's determination regarding the satisfaction of performance criteria, the portion of the award shown in Table II above will vest and settle in Class A Common Stock of the Company on March 15, 2026, provided that the Reporting Person remains in the Company's service through such date.