Cognizant director Deskus exercises RSUs, gets new grant
COGNIZANT TECHNOLOGY SOLUTIONS CORP director Archana Deskus reported routine equity compensation activity.
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Rhea-AI Filing Summary
COGNIZANT TECHNOLOGY SOLUTIONS CORP director Archana Deskus reported routine equity compensation activity. On June 3, 2026, she exercised and vested restricted stock units, receiving 2,919 shares of Class A Common Stock linked to an RSU award granted on June 3, 2025, including RSUs from dividend equivalent rights. A 0.6262 fractional share was settled in cash and the corresponding fractional RSU was cancelled.
Separately, on June 2, 2026 she received a new grant of 4,171 RSUs, each representing a contingent right to one share of Class A Common Stock, scheduled to vest fully on June 2, 2027. Following these transactions, she directly owns 20,520 shares of Class A Common Stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,919 | $0.00 | $0.00 |
| Disposition | Restricted Stock Units | 0.6262 | $55.14 | $34.53 |
| Exercise | Class A Common Stock | 2,919 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 4,171 | $0.00 | $0.00 |
Footnotes (5)
- F1. Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received in connection with the vesting of 100% of the restricted stock unit ("RSU") award granted on June 3, 2025, and the related RSUs received pursuant to dividend equivalent rights; provided, however, that the reporting person was only entitled to receive whole shares and the fractional share related thereto was disposed of separately.
- F2. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3. The RSUs will vest fully on June 2, 2027.
- F4. 2,863 of the RSUs were originally granted on June 3, 2025, under the Company's 2023 Incentive Award Plan (the "Plan") and subsequent RSUs were granted pursuant to dividend equivalent rights. The original RSUs and the related RSUs received pursuant to dividend equivalent rights vested fully on June 3, 2026.
- F5. Represents the payment of cash in lieu of a fractional share related to the RSUs described above in accordance with the Plan and the cancellation of the corresponding fractional RSU.
Key Figures
Key Terms
Restricted Stock Units financial
dividend equivalent rights financial
contingent right financial
2023 Incentive Award Plan financial
FAQ
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What insider transactions did Cognizant (CTSH) director Archana Deskus report?
What RSU grant did Archana Deskus receive from Cognizant (CTSH) on June 2, 2026?
What happened when Archana Deskus’s Cognizant (CTSH) RSUs vested on June 3, 2026?
How do Archana Deskus’s Cognizant (CTSH) RSUs convert into common stock?
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