Cognizant (CTSH) President – Americas details RSU vesting and tax withholding
Rhea-AI Filing Summary
Cognizant Technology Solutions President – Americas Surya Gummadi reported routine equity compensation activity. On 12/15/2025, 1,397 and 898 restricted stock units (RSUs) granted on March 3, 2025 vested, converting into the same number of Class A common shares. A total of 1,155 shares were withheld at $83.94 per share to cover applicable taxes.
After these transactions, Gummadi directly beneficially owned 34,369 and 35,524 Class A common shares from the respective awards, and continued to hold derivative positions in RSUs, including 12,573 and 4,490 units that remain subject to the Company’s 2023 Incentive Award Plan vesting schedules through March 15, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,397 | $0.00 | -- |
| Exercise | Restricted Stock Units | 898 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,397 | $0.00 | -- |
| Exercise | Class A Common Stock | 898 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,155 | $83.94 | $97K |
Footnotes (1)
- Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/12th of the restricted stock unit ("RSU") award granted on March 3, 2025. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. Shares of Class A Common Stock of the Company received from the vesting of 1/8th of the RSU award granted on March 3, 2025. Shares of the Company's Class A Common Stock withheld to pay applicable taxes. A total of 16,764 RSUs were originally granted on March 3, 2025 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 15, 2025, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 15, 2028). A total of 7,184 RSUs were originally granted on March 3, 2025 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 15, 2025, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the successive three vesting dates; and (iv) the remainder of such RSUs vesting on the twelfth vesting date (March 15, 2028).
FAQ
What insider transaction did Cognizant (CTSH) disclose for Surya Gummadi?
The company disclosed that President – Americas Surya Gummadi had RSUs vest on 12/15/2025, converting 1,397 and 898 RSUs into the same number of Class A common shares.
What equity awards are involved in the Cognizant (CTSH) insider RSU vesting?
The activity relates to RSU awards originally granted on March 3, 2025 under the 2023 Incentive Award Plan, including awards of 16,764 and 7,184 RSUs with structured quarterly vesting through March 15, 2028.
How many Cognizant (CTSH) RSUs remain outstanding for the reporting person after this transaction?
Following the reported vesting and conversions, the filing shows the reporting person holds 12,573 RSUs from one award and 4,490 RSUs from another award.
What is the role of the reporting person in Cognizant (CTSH)?
The reporting person, Surya Gummadi, is an officer of Cognizant Technology Solutions Corporation, serving as President – Americas.
Under which plan were the Cognizant (CTSH) RSUs granted and how do they vest?
The RSUs were granted under the 2023 Incentive Award Plan and vest in scheduled quarterly installments over three years, ending on March 15, 2028, based on specified fractions of the original grants.