Cognizant director granted 4,171 RSUs
Mackay Leo S. Jr. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Mackay Leo S. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Cognizant Technology Solutions director Leo S. Mackay Jr. received a grant of 4,171 Restricted Stock Units, each representing one share of Class A common stock. These RSUs will vest fully on June 2, 2027. He has elected to defer settlement, and any related dividend equivalents, until specified events such as a change in control or the end of his board service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,171 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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").
- F2. The RSUs will vest fully on June 2, 2027. The Reporting Person has elected, pursuant to the Company's Non-Employee Director Compensation Guidelines, to defer payment of such RSUs (and corresponding dividend equivalents, if any) 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).
Key Figures
Key Terms
Restricted Stock Units financial
Class A Common Stock financial
dividend equivalents financial
change in control financial
permanent disability financial
Non-Employee Director Compensation Guidelines financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Cognizant (CTSH) director Leo S. Mackay Jr. receive in this Form 4?
When do Leo Mackay’s Cognizant (CTSH) RSUs vest?
Did Leo Mackay buy or sell Cognizant (CTSH) stock in this Form 4?
How will payment of Leo Mackay’s Cognizant (CTSH) RSUs be timed?
What does each RSU represent in the Cognizant (CTSH) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.