Cognizant (NASDAQ: CTSH) president gains 5,478 shares from equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COGNIZANT TECHNOLOGY SOLUTIONS CORP executive Rajesh Varrier reported equity award vesting and tax withholding transactions. On March 15, 2026, he exercised restricted stock units and performance stock units covering 5,478 shares of Class A Common Stock. As these awards vested, the shares were delivered at a conversion price of $0.00 per share under Cognizant's 2023 Incentive Award Plan, reflecting compensation rather than open-market buying. To cover tax obligations related to the vesting, 2,036 shares were withheld at a value of $60.37 per share, reducing the gross shares received. After these transactions, Varrier directly owned 8,991 shares of Cognizant Class A Common Stock, indicating a larger ongoing equity stake following routine compensation-related settlements.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,478 shares exercised/converted
Mixed
9 txns
Insider
Varrier Rajesh
Role
President Operations CMD India
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 749 | $0.00 | -- |
| Exercise | Restricted Stock Units | 542 | $0.00 | -- |
| Exercise | Restricted Stock Units | 249 | $0.00 | -- |
| Exercise | Performance Stock Units | 3,938 | $0.00 | -- |
| Exercise | Class A Common Stock | 749 | $0.00 | -- |
| Exercise | Class A Common Stock | 542 | $0.00 | -- |
| Exercise | Class A Common Stock | 249 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,938 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,036 | $60.37 | $123K |
Holdings After Transaction:
Restricted Stock Units — 1,498 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Class A Common Stock — 6,298 shares (Direct)
Footnotes (1)
- Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/8th of the restricted stock unit ("RSU") award granted on September 3, 2024. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. Shares of Class A Common Stock of the Company received from the vesting of 2/3rds of 1/6th of the RSU award granted on September 3, 2024. Shares of Class A Common Stock of the Company received from the vesting of 1/12th of the RSU award granted on March 3, 2025. 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 September 3, 2024 under the Company's 2023 Incentive Award Plan. The performance conditions were determined to be satisfied on February 25, 2026, and the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2026. Each PSU represents a contingent right to receive one share of Class A Common Stock of the Company. Shares of the Company's Class A Common Stock withheld to pay applicable taxes. A total of 5,991 RSUs were originally granted on September 3, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over two years, commencing on December 15, 2024, with 1/8th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the eighth quarterly vesting date (September 15, 2026). A total of 4,884 RSUs were originally granted on September 3, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in 10 successive quarterly installments, commencing on December 15, 2024, 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 successive four vesting dates; (iii) 1/3rd of 1/6th of such RSUs vesting on each of the successive three vesting dates; and (iv) the remainder of such RSUs vesting on the tenth vesting date (March 15, 2027). A total of 2,993 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 insider transactions did Cognizant (CTSH) executive Rajesh Varrier report?
Rajesh Varrier reported vesting-related transactions where restricted stock units and performance stock units converted into 5,478 shares of Cognizant Class A Common Stock. These were equity award settlements, not open-market purchases or sales, and are part of his compensation package.
Were Rajesh Varrier’s Cognizant (CTSH) Form 4 transactions open-market buys or sells?
No, the transactions were not open-market buys or sells. They were exercises and settlements of restricted stock units and performance stock units at a conversion price of $0.00 per share, plus tax-withholding share dispositions, all tied to Cognizant’s equity incentive compensation plans.
What equity awards vested for Cognizant (CTSH) executive Rajesh Varrier on March 15, 2026?
Portions of multiple restricted stock unit grants and a performance stock unit grant vested and settled into Cognizant Class A Common Stock on March 15, 2026. The performance-based units had their conditions certified as satisfied on February 25, 2026 before being settled in shares.