Cognizant CPO reports RSU and PSU vesting
Cognizant Technology Solutions’ Chief People Officer Kathryn Diaz reported routine equity compensation activity tied to vesting of restricted and performance stock units.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Cognizant Technology Solutions’ Chief People Officer Kathryn Diaz reported routine equity compensation activity tied to vesting of restricted and performance stock units. On March 15, 2026, she exercised derivative awards covering 4,587 shares of Class A Common Stock as RSUs and PSUs vested under the company’s incentive plans. After these conversions, her direct Class A Common Stock holdings increased to 21,204 shares. The company withheld 2,234 shares at $60.37 per share to cover applicable taxes, a non‑market disposition that does not represent an open‑market sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 699 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 75 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 2,743 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 1,070 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 699 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 75 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,743 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,070 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 2,234 | $60.37 | $135K |
Footnotes (9)
- F1. 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.
- F2. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3. 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.
- F4. Reflects the settlement, in shares of Class A Common Stock of the Company, of performance-based stock units ("PSUs"). The PSUs were originally granted on March 6, 2023 under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 25, 2026, and that portion of the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2026.
- F5. Each PSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- F6. Reflects the settlement, in shares of Class A Common Stock, of the Company of PSUs. The PSUs were originally granted on September 6, 2023 under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 25, 2026, and that portion of the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2026.
- F7. Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- F8. A total of 8,382 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).
- F9. A total of 598 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Cognizant (CTSH) Chief People Officer Kathryn Diaz report on this Form 4?
Do these Cognizant (CTSH) Form 4 transactions involve open-market stock sales?
What types of equity awards vested for Cognizant (CTSH) executive Kathryn Diaz?
AI-generated analysis. How Rhea-AI works. Not financial advice.