Cognizant Technology Solutions (CTSH) awards RSUs and PSUs to executive
Rhea-AI Filing Summary
Varrier Rajesh reported acquisition or exercise transactions in this Form 4 filing.
Cognizant Technology Solutions executive Rajesh Varrier reported equity awards in the form of restricted stock units (RSUs) and performance stock units (PSUs). He received 4,076 RSUs that vest in twelve equal quarterly installments from June 1, 2026 through March 1, 2029.
An additional 1,630 RSUs were granted with a more tiered quarterly vesting schedule, also ending on March 1, 2029. Varrier also reported 3,938 PSUs, tied to performance goals where the Compensation and Human Capital Committee determined about 121% of the related criteria were met, scheduled to vest and settle in Class A common stock on March 15, 2026 if he remains in service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Varrier Rajesh
Role
President Operations CMD India
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,076 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 1,630 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 3,938 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 5,706 shares (Direct);
Performance Stock Units — 3,938 shares (Direct)
Footnotes (5)
- 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. A total of 4,076 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).
- F3. A total of 1,630 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).
- F4. Each performance-based stock unit ("PSU") represents a contingent right to receive one share of Class A Common Stock of the Company.
- F5. Represents 3,256 PSUs (a) that were originally granted on September 3, 2024, pursuant to the Company's 2023 Incentive Award Plan and (b) for which the Company's Compensation and Human Capital Committee (the "Committee") determined, on February 25, 2026, that approximately 121% 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 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.
FAQ
What insider activity did CTSH executive Rajesh Varrier report on this Form 4?
Rajesh Varrier reported equity awards, not open-market trades. He acquired restricted stock units and performance stock units in Cognizant Technology Solutions, reflecting compensation grants that may convert into Class A common shares over time if vesting and service conditions are satisfied.
How many restricted stock units did CTSH grant to Rajesh Varrier?
He received two RSU grants totaling 5,706 units. One grant covers 4,076 RSUs vesting in twelve equal quarterly installments, while another 1,630 RSUs vest under a tiered quarterly schedule, both completing their vesting on March 1, 2029 if conditions are met.
What are the vesting terms for Rajesh Varrier’s 4,076 CTSH RSUs?
The 4,076 RSUs vest in twelve successive quarterly installments. One-twelfth of the award vests on June 1, 2026, with additional quarters vesting on each subsequent quarterly anniversary so that the entire grant is fully vested by March 1, 2029, assuming continued service.
How do the 1,630 CTSH RSUs for Rajesh Varrier vest over time?
The 1,630 RSUs vest in a multi-tier quarterly pattern. One-eighth vests on June 1, 2026 and three following quarters, then reduced fractions vest over the next seven quarters, with the remaining balance vesting on the eleventh quarterly anniversary, ending March 1, 2029, subject to service.
What performance stock units did Rajesh Varrier report for CTSH and how are they determined?
Varrier reported 3,938 performance stock units. These relate to a prior grant for which the Compensation and Human Capital Committee determined approximately 121% of performance criteria were achieved, setting the number of PSUs that will vest into Class A common stock if conditions are met.
Do the CTSH RSUs and PSUs for Rajesh Varrier convert into Class A common stock?
Yes. Each RSU and each PSU represents a contingent right to receive one share of Cognizant’s Class A common stock. Actual share delivery depends on meeting vesting schedules and, for PSUs, satisfying performance criteria, as well as the executive remaining in service when required.
AI-generated analysis. How Rhea-AI works. Not financial advice.
