Cognizant director awarded additional stock units
Cognizant Technology Solutions director Michael Patsalos-Fox received additional stock-based awards tied to dividend equivalents.
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Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions director Michael Patsalos-Fox received additional stock-based awards tied to dividend equivalents. He acquired 18.0122 restricted stock units and 36.0748 deferred restricted stock units, each representing one share of Class A Common Stock. The deferred RSUs are fully vested and settle upon his Board service ending, while the new RSUs vest fully on June 3, 2026.
Insider Trade Summary
Grant/Award: 54.087 shares
Grant/Award
2 txns
Insider
Patsalos-Fox Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 36.0748 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 18.0122 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Restricted Stock Units — 5,847.3945 contracts (Direct);
Restricted Stock Units — 2,919.6262 contracts (Direct)
Footnotes (4)
- F1. Reflects deferred restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding deferred restricted stock units. Each deferred restricted stock unit represents a right to receive one share of Class A Common Stock of the Company.
- F2. The deferred restricted stock units are fully vested and will be settled upon the Reporting Person's termination of service from the Board.
- F3. 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 the Company's Class A Common Stock.
- F4. The restricted stock units will vest fully on June 3, 2026.
Key Figures
Restricted stock units granted: 18.0122 units
Deferred restricted stock units granted: 36.0748 units
RSU balance after transaction: 2,919.6262 units
+3 more
6 metrics
Restricted stock units granted
18.0122 units
Granted on May 27, 2026 as dividend equivalents
Deferred restricted stock units granted
36.0748 units
Granted on May 27, 2026 as dividend equivalents
RSU balance after transaction
2,919.6262 units
Restricted stock units following May 27, 2026 award
Deferred RSU balance after transaction
5,847.3945 units
Deferred restricted stock units following May 27, 2026 award
RSU vesting date
June 3, 2026
New restricted stock units vest fully on this date
Deferred RSU settlement trigger
Board service termination
Fully vested deferred units settle upon Board service ending
Key Terms
Restricted Stock Units, Deferred Restricted Stock Units, dividend equivalent rights, fully vested, +1 more
5 terms
Restricted Stock Units financial
"Reflects restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding restricted stock units."
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.
Deferred Restricted Stock Units financial
"Reflects deferred restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding deferred restricted stock units."
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
dividend equivalent rights financial
"Reflects deferred restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding deferred 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.
fully vested financial
"The deferred restricted stock units are fully vested and will be settled upon the Reporting Person's termination of service from the Board."
settled upon the Reporting Person's termination of service financial
"The deferred restricted stock units are fully vested and will be settled upon the Reporting Person's termination of service from the Board."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Cognizant (CTSH) director Michael Patsalos-Fox report?
He reported awards of additional stock units, not open-market trades. These included restricted stock units and deferred restricted stock units granted as dividend equivalents on existing awards, increasing his stock-based compensation exposure to Cognizant.
How many restricted stock units did Michael Patsalos-Fox receive at Cognizant (CTSH)?
He received 18.0122 restricted stock units, each tied to one share of Class A Common Stock. These units were issued as dividend equivalents on previously outstanding RSUs and will vest fully on June 3, 2026, subject to standard conditions.
What are the deferred restricted stock units reported by Cognizant (CTSH) director Patsalos-Fox?
He received 36.0748 deferred restricted stock units credited as dividend equivalents on prior deferred RSUs. Each unit represents one share of Class A Common Stock and is fully vested, settling in shares when his service on Cognizant’s Board ends.
When will Michael Patsalos-Fox’s Cognizant (CTSH) restricted stock units vest or settle?
The 18.0122 restricted stock units vest fully on June 3, 2026. The 36.0748 deferred restricted stock units are already fully vested and will be settled in Class A Common Stock upon his termination of service from Cognizant’s Board.
Did Michael Patsalos-Fox buy or sell Cognizant (CTSH) stock in the market?
No open-market buys or sells were reported. The Form 4 shows grant-type acquisitions of restricted and deferred restricted stock units as dividend equivalents, reflecting compensation-related awards rather than discretionary trading in Cognizant shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
