Cognizant (CTSH) director Karima Silvent details RSU vesting, tax withholding and new grant
Rhea-AI Filing Summary
Cognizant Technology Solutions director Karima Silvent reported routine equity compensation activity. On June 2, 2026, she received 4,171 Restricted Stock Units (RSUs), each representing one share of Class A common stock, which will vest fully on June 2, 2027. On June 3, 2026, 100% of a prior RSU grant from June 3, 2025 vested, converting 2,919 RSUs (including dividend-equivalent RSUs) into Class A shares. In connection with this vesting, 24 shares of Class A common stock were withheld at $55.14 per share to pay applicable taxes, and a 0.6262-share fractional RSU was settled in cash and cancelled. Following these transactions, Silvent directly holds approximately 5,7xx Class A shares and 4,171 unvested RSUs under the company’s 2023 Incentive Award Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| 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 | -- |
| Tax Withholding | Class A Common Stock | 24 | $55.14 | $1K |
| Grant/Award | Restricted Stock Units | 4,171 | $0.00 | -- |
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. Shares of the Company's Class A Common Stock withheld to pay applicable taxes. 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.