Cognizant executive reports RSU vesting, tax share withholding
Cognizant Technology Solutions executive Surya Gummadi, President - Americas, reported the vesting of restricted stock units that converted into Class A common shares.
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Rhea-AI Filing Summary
Cognizant Technology Solutions executive Surya Gummadi, President - Americas, reported the vesting of restricted stock units that converted into Class A common shares. On March 1, 2026, 1,168 RSUs and 637 RSUs vested under previously granted awards, each RSU representing one share of common stock.
These vestings increased his directly held Class A common stock through derivative exercises, while 887 shares were withheld at a price of $64.43 per share to cover applicable taxes, a tax-withholding disposition rather than an open-market sale. Following these transactions, he directly owned 27,206 shares of Class A common stock, 4,672 RSUs from one award, and 1,276 RSUs from another award, all continuing to vest in scheduled quarterly installments through March 1, 2027.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,168 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 637 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,168 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 637 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 887 | $64.43 | $57K |
Footnotes (6)
- 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 February 28, 2024.
- 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 2/3rds of 1/8th of the RSU award granted on February 28, 2024.
- F4. Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- F5. A total of 14,016 RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2024, 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 1, 2027).
- F6. A total of 7,645 RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2024, 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 1, 2027).
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