Cognizant (NASDAQ: CTSH) director gets dividend-linked RSU grant
Rhea-AI Filing Summary
Silvent Karima reported acquisition or exercise transactions in this Form 4 filing.
COGNIZANT TECHNOLOGY SOLUTIONS CORP director Karima Silvent reported a small equity compensation adjustment. She received 18.0122 restricted stock units as dividend equivalent rights on previously outstanding restricted stock units, each representing one share of Class A Common Stock. Following this grant, her restricted stock unit holdings total 2,919.6262 units, which are held directly. The newly credited restricted stock units will vest fully on June 3, 2026.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 18.012 | $0.00 | -- |
Footnotes (1)
- Reflects restricted stock units received pursuant to dividend equivalent rights accrued on previously outstanding restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Company. The restricted stock units will vest fully on June 3, 2026.
Key Figures
Key Terms
Restricted Stock Units financial
dividend equivalent rights financial
Class A Common Stock financial
vest fully financial
FAQ
What did Cognizant (CTSH) director Karima Silvent report in this Form 4?
Karima Silvent reported receiving 18.0122 restricted stock units as part of her equity compensation. These units arose from dividend equivalent rights tied to her existing restricted stock units and increase her total restricted stock unit holdings to 2,919.6262.
How many Cognizant (CTSH) restricted stock units does Karima Silvent hold after this transaction?
After this transaction, Karima Silvent holds 2,919.6262 restricted stock units. This figure includes the additional 18.0122 units credited through dividend equivalent rights linked to previously outstanding restricted stock units, all representing Class A Common Stock of Cognizant.
What is the nature of the 18.0122 restricted stock units reported for Cognizant (CTSH)?
The 18.0122 restricted stock units reflect dividend equivalent rights accrued on previously outstanding restricted stock units. Each restricted stock unit gives a contingent right to receive one share of Cognizant Class A Common Stock when vesting conditions are met.
When will Karima Silvent’s newly credited Cognizant (CTSH) restricted stock units vest?
The restricted stock units credited in this Form 4 will vest fully on June 3, 2026. Vesting means she will then be entitled to receive one share of Cognizant Class A Common Stock for each vested restricted stock unit.
Was this Cognizant (CTSH) Form 4 an open-market stock purchase or sale?
This Form 4 does not report an open-market purchase or sale. It reports a grant of 18.0122 restricted stock units as a compensation-related acquisition through dividend equivalent rights, with no transaction price per share listed.
What type of security is involved in Karima Silvent’s Cognizant (CTSH) Form 4 filing?
The filing involves restricted stock units that are derivative securities. Each unit represents a contingent right to receive one share of Cognizant’s Class A Common Stock, subject to vesting on June 3, 2026, as described in the footnotes.