Cognizant CFO RSU Vesting: 2,819 Shares Issued; 1,549 Withheld for Taxes
Rhea-AI Filing Summary
Cognizant CFO Jatin P. Dalal reported receipt of Class A common stock from vesting of restricted stock units (RSUs) granted March 3, 2025. On 09/15/2025 Mr. Dalal acquired 1,846 shares (1/12th of a 22,153-RSU award) and 973 shares (1/8th of a 7,783-RSU award) through deemed transactions classified as acquisitions, while 1,549 shares were withheld to satisfy tax withholding at a price of $69.17 per share. After these transactions he beneficially owned 34,415 shares of Class A common stock. The Form 4 was signed by power of attorney on 09/17/2025.
Positive
- Receipt of vested RSUs: The reporting person acquired a total of 2,819 shares from scheduled RSU vesting on 09/15/2025.
- Clear vesting schedule disclosed: Grants include a 22,153-RSU award vesting quarterly over three years and a 7,783-RSU award with defined phased vesting.
Negative
- Tax withholding reduced delivered shares: 1,549 shares were withheld to pay taxes, lowering net shares received.
Insights
TL;DR: Routine executive RSU vesting increased the CFO's share count modestly; tax withholding reduced net shares delivered.
The Form 4 discloses standard equity compensation vesting rather than open market purchases or sales. Aggregate vesting events delivered 2,819 shares to the reporting person, offset by 1,549 shares withheld for taxes at a reported price of $69.17. Post-transaction beneficial ownership is 34,415 Class A shares. For investors this is a non-cash compensation accounting event reflecting planned grant schedules rather than discretionary trading.
TL;DR: Disclosure shows scheduled RSU vesting under the 2023 Incentive Award Plan and proper reporting under Section 16.
The filing details vesting mechanics: a 22,153-RSU grant vesting quarterly over three years and a 7,783-RSU grant with a variable quarterly schedule. The report indicates timely Form 4 reporting and lists the use of tax withholding to satisfy obligations. These elements align with typical executive compensation governance and disclosure practices.