Cognizant (CTSH) director Deskus receives 2,919 shares and 4,171 new RSUs
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,919 shares exercised/converted
Mixed
4 txns
Insider
Deskus Archana
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,919 | $0.00 | -- |
| Disposition | Restricted Stock Units | 0.626 | $55.14 | $34.53 |
| Exercise | Class A Common Stock | 2,919 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,171 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0.626 shares (Direct, null);
Class A Common Stock — 20,520 shares (Direct, null)
Footnotes (1)
- 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. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. The RSUs will vest fully on June 2, 2027. 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. 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
Shares from RSU vesting: 2,919 shares
New RSU grant: 4,171 RSUs
Shares owned after transactions: 20,520 shares
+3 more
6 metrics
Shares from RSU vesting
2,919 shares
Class A Common Stock received on June 3, 2026 from 2025 RSU award
New RSU grant
4,171 RSUs
Granted June 2, 2026, vesting fully on June 2, 2027
Shares owned after transactions
20,520 shares
Direct holdings of Class A Common Stock after June 2026 activity
Fractional RSU settled
0.6262 RSU
Cancelled with cash paid in lieu of fractional share at $55.14
Fractional settlement price
$55.14/share
Cash paid in lieu of 0.6262 fractional share related to RSUs
Original RSUs granted
2,863 RSUs
Part of June 3, 2025 award under 2023 Incentive Award Plan
Key Terms
Restricted Stock Units, dividend equivalent rights, contingent right, 2023 Incentive Award Plan
4 terms
Restricted Stock Units financial
"Shares of Class A Common Stock ... received in connection with the vesting of 100% of the restricted stock unit ("RSU") award"
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.
dividend equivalent rights financial
"and the related RSUs received pursuant to dividend equivalent rights"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share"
2023 Incentive Award Plan financial
"originally granted on June 3, 2025, under the Company's 2023 Incentive Award Plan"
FAQ
What insider transactions did Cognizant (CTSH) director Archana Deskus report?
Archana Deskus reported RSU vesting and a new RSU grant. She received 2,919 shares of Class A Common Stock from vested RSUs and was awarded 4,171 new RSUs as part of Cognizant’s 2023 Incentive Award Plan.
What RSU grant did Archana Deskus receive from Cognizant (CTSH) on June 2, 2026?
On June 2, 2026, Archana Deskus received a grant of 4,171 restricted stock units. Each RSU represents a contingent right to one Cognizant Class A share, and the award is scheduled to vest fully on June 2, 2027.
What happened when Archana Deskus’s Cognizant (CTSH) RSUs vested on June 3, 2026?
When RSUs granted June 3, 2025 vested on June 3, 2026, Deskus received 2,919 Cognizant Class A shares. These included units from dividend equivalent rights, while a 0.6262 fractional share was settled in cash and the corresponding fractional RSU cancelled.
How do Archana Deskus’s Cognizant (CTSH) RSUs convert into common stock?
Each restricted stock unit held by Archana Deskus represents a contingent right to receive one share of Cognizant Class A Common Stock. Upon vesting, the RSUs convert into shares, subject to settlement terms such as cash in lieu of any fractional share.