Cognizant CEO settles 69,081 RSUs and PSUs
Cognizant Technology Solutions’ CEO, Ravi Kumar Singisetti, reported the vesting and settlement of equity awards into Class A Common Stock.
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Rhea-AI Filing Summary
Cognizant Technology Solutions’ CEO, Ravi Kumar Singisetti, reported the vesting and settlement of equity awards into Class A Common Stock. He exercised and settled restricted stock units and performance stock units covering a total of 69,081 shares of Class A Common Stock on March 15, 2026. To cover applicable taxes, 36,448 shares of Class A Common Stock were withheld at a price of $60.37 per share, which is a non-market, tax-withholding disposition rather than an open-market sale. Following these transactions, Singisetti directly holds 113,011 shares of Cognizant’s Class A Common Stock, reflecting routine compensation-related equity vesting and associated tax payments.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,988 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 63,093 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 5,988 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 63,093 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 36,448 | $60.37 | $2.20M |
Footnotes (6)
- F1. Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/12th of the restricted stock unit ("RSU") award granted on March 3, 2025.
- F2. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3. Reflects the settlement, in shares of Class A Common Stock of the Company, of performance-based stock units ("PSUs"). The PSUs were originally granted on March 6, 2023, under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 25, 2026, and that portion of the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2026.
- F4. Each PSU represents a contingent right to receive one share of Class A Common Stock of the Company.
- F5. Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- F6. A total of 71,847 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).
FAQ
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What did CTSH CEO Ravi Kumar Singisetti report in this Form 4?
What types of equity awards were involved in the CTSH CEO’s Form 4?
Is this Cognizant (CTSH) Form 4 a routine compensation event?
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