Cognizant CLO reports RSU vesting, tax shares
Cognizant Technology Solutions executive John Sunshin Kim, the company’s CLO, CAO and Corporate Secretary, reported the vesting and conversion of restricted stock units into Class A Common Stock.
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 executive John Sunshin Kim, the company’s CLO, CAO and Corporate Secretary, reported the vesting and conversion of restricted stock units into Class A Common Stock. On February 16, 2026, a total of 2,136 RSUs were exercised into the same number of shares at $0.00 per share, reflecting equity awards granted in February 2023 under the 2017 Incentive Award Plan. The filing also shows 1,198 shares of Class A Common Stock were withheld at $66.55 per share to cover applicable taxes rather than being sold in the open market. After these transactions, Kim directly owned 32,830 shares of Cognizant Class A Common Stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,225 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 628 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 283 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,225 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 628 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 283 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,198 | $66.55 | $80K |
Footnotes (6)
- F1. 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 February 16, 2023.
- 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. A total of 14,692 RSUs were originally granted on February 16, 2023 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 16, 2023, with 1/12th of such RSUs vesting on each quarterly vesting date and the remainder of the RSUs were fully vested on February 16, 2026.
- F5. A total of 7,534 RSUs were originally granted on February 16, 2023 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 16, 2023, with 1/12th of such RSUs vesting on each quarterly vesting date and the remainder of the RSUs were fully vested on February 16, 2026.
- F6. A total of 6,781 RSUs were originally granted on February 16, 2023 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 16, 2023, 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 next three successive vesting dates; and (iv) the remainder of the RSUs were fully vested on February 16, 2026.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Cognizant (CTSH) report for John Sunshin Kim?
What was the tax-withholding transaction reported for Cognizant (CTSH) insider John Sunshin Kim?
Were the Cognizant (CTSH) insider transactions open-market buys or sales?
What plan governed the RSU awards reported in the Cognizant (CTSH) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.