Cognizant (CTSH) SVP trades shares after RSU vesting and tax withholding
Rhea-AI Filing Summary
COGNIZANT TECHNOLOGY SOLUTIONS CORP senior executive Alina Kerdman reported RSU vesting, related tax withholding, and a small open-market share sale. On March 15, 200 restricted stock units converted into 200 shares of Class A Common Stock at a $0.00 exercise price as part of a March 3, 2025 RSU award.
Also on March 15, 67 shares were withheld at $60.37 per share to cover applicable taxes, a non-market disposition. On March 16, she sold 131 shares in an open-market transaction at $60.78 per share under a Rule 10b5-1 trading plan. After these transactions, she held 627 shares of Class A Common Stock directly, and the underlying RSU grant of 2,394 units continues to vest quarterly through March 15, 2028.
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 131 | $60.78 | $8K |
| Exercise | Restricted Stock Units | 200 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 200 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 67 | $60.37 | $4K |
Footnotes (5)
- 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 the Company's Class A Common Stock withheld to pay applicable taxes.
- F4. The sales reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2025.
- F5. A total of 2,394 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).
FAQ
What did Alina Kerdman report in the Cognizant (CTSH) Form 4 filing?
What RSU activity did the Cognizant (CTSH) Form 4 disclose for Alina Kerdman?
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