Cognizant director receives 2,919 shares from RSUs
COGNIZANT TECHNOLOGY SOLUTIONS CORP director Michael Patsalos-Fox reported equity compensation activity involving restricted stock units and common shares.
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Rhea-AI Filing Summary
COGNIZANT TECHNOLOGY SOLUTIONS CORP director Michael Patsalos-Fox reported equity compensation activity involving restricted stock units and common shares. On June 3, 2026, 2,919 RSUs vested into 2,919 shares of Class A Common Stock, increasing his direct holdings to 32,648 shares. A small fractional RSU amount of 0.6262 was canceled, with cash paid in lieu of the related fractional share at $55.14 per share. Separately, on June 2, 2026, he received a new grant of 4,171 RSUs that will vest fully on June 2, 2027, each RSU representing one share of Class A Common Stock. In addition to his direct holdings, 6,775 shares of Class A Common Stock are held indirectly through PFOXFAMILY LLC, whose membership interests are owned by a trust for his children.
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 |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (6)
- 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. All of the membership interests of the PFOXFAMILY LLC are held by a trust for the benefit of the reporting person's children and for which the reporting person's spouse is the co-trustee.
- F4. The RSUs will vest fully on June 2, 2027.
- F5. 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.
- F6. 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
Disposition to issuer financial
contingent right financial
indirect financial
FAQ
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What did Cognizant (CTSH) director Michael Patsalos-Fox report in this Form 4?
What new restricted stock units did Michael Patsalos-Fox receive from Cognizant (CTSH)?
Why was a fractional Cognizant (CTSH) RSU position canceled in this Form 4?
Do the Cognizant (CTSH) Form 4 transactions involve open-market buying or selling?
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