Cognizant Technology (CTSH) CPO exercises RSUs and covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions Chief People Officer Kathryn Diaz reported routine equity compensation activity. On March 6, 2026, 468 restricted stock units were exercised, delivering 468 shares of Class A common stock at a stated price of $0.0000 per share. To cover applicable taxes, 222 of these shares were withheld at $65.7800 per share, leaving Diaz with 18,851 directly owned shares after the transactions. The RSUs stemmed from an 8,415-unit grant dated September 6, 2023 under the 2023 Incentive Award Plan, which vested in ten scheduled quarterly installments and became fully vested on March 6, 2026. No remaining RSU balance is shown after this vesting and exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
468 shares exercised/converted
Mixed
3 txns
Insider
Diaz Kathryn
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 468 | $0.00 | -- |
| Exercise | Class A Common Stock | 468 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 222 | $65.78 | $15K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 19,073 shares (Direct)
Footnotes (1)
- Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the fully vested restricted stock unit ("RSU") award granted on September 6, 2023. 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. A total of 8,415 RSUs were originally granted on September 6, 2023 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in 10 successive quarterly installments, commencing on December 6, 2023, with (i) 1/6th of such RSUs vesting on each of the first two vesting dates; (ii) 2/3rds of 1/6th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/6th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs were fully vested on March 6, 2026.
FAQ
What insider transaction did CTSH executive Kathryn Diaz report?
Kathryn Diaz exercised 468 restricted stock units into 468 shares of Cognizant Class A common stock. These shares came from a 2023 RSU grant that fully vested on March 6, 2026, and represent routine compensation-related activity rather than an open-market stock purchase.
Where did the 468 RSUs exercised by the CTSH CPO originate?
The 468 RSUs came from an 8,415-unit award granted on September 6, 2023. This grant under Cognizant’s 2023 Incentive Award Plan vested in ten quarterly installments, with the remaining portion fully vesting on March 6, 2026, triggering share delivery.
Does this Cognizant (CTSH) Form 4 show any open-market stock sales or purchases?
The Form 4 shows an RSU exercise and tax withholding, but no open-market trades. All transactions relate to equity compensation: conversion of RSUs into common shares and withholding some of those shares to satisfy associated tax liabilities.