Cognizant (CTSH) CFO details RSU vesting, share tax withholding in Form 4
Rhea-AI Filing Summary
Cognizant Technology Solutions’ Chief Financial Officer, Jatin P. Dalal, reported routine equity compensation activity involving restricted stock units (RSUs). On June 15, 2026, RSUs granted on March 3, 2025 under the 2023 Incentive Award Plan vested in scheduled quarterly installments.
The filing shows the conversion of a total of 2,494 RSUs into an equal number of Class A common shares and the withholding of 1,346 shares of Class A common stock to cover applicable taxes at an indicated price of $52.17 per share. After these transactions, Dalal directly held 58,111 shares of Class A common stock and continued to hold additional unvested RSUs that are scheduled to vest through March 15, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,148 shares
Net Buy
5 txns
Insider
Dalal Jatin P
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,846 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 648 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,846 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 648 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,346 | $52.17 | $70K |
Holdings After Transaction:
Restricted Stock Units — 16,167 shares (Direct);
Class A Common Stock — 58,111 shares (Direct)
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 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 Class A Common Stock of the Company received from the vesting of 2/3rds of 1/8th of the RSU award granted on March 3, 2025.
- F4. Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- F5. A total of 22,153 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).
- F6. A total of 7,783 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 (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 15, 2028).
Key Figures
RSUs vested and converted: 2,494 shares
Shares withheld for taxes: 1,346 shares
Tax withholding price: $52.17 per share
+3 more
6 metrics
RSUs vested and converted
2,494 shares
Total RSUs converted to Class A common stock on June 15, 2026
Shares withheld for taxes
1,346 shares
Class A common stock withheld to pay applicable taxes
Tax withholding price
$52.17 per share
Indicated price for shares withheld to pay taxes
Common shares held after transactions
58,809 shares
Direct Class A common stock holdings following reported activity
Large RSU grant
22,153 RSUs
Granted March 3, 2025, vesting quarterly to March 15, 2028
Second RSU grant
7,783 RSUs
Granted March 3, 2025 with tiered quarterly vesting to March 15, 2028
Key Terms
Restricted Stock Units, 2023 Incentive Award Plan, vesting, tax withholding
4 terms
Restricted Stock Units financial
"Restricted Stock Units were converted into Class A Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2023 Incentive Award Plan financial
"RSUs were originally granted under the Company's 2023 Incentive Award Plan."
vesting financial
"RSUs began vesting in quarterly installments over three years."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax withholding financial
"Shares of Class A Common Stock were withheld to pay applicable taxes."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
FAQ
What insider transactions did CTSH CFO Jatin Dalal report on June 15, 2026?
On June 15, 2026, CFO Jatin Dalal reported the vesting and conversion of 2,494 restricted stock units into Class A common shares and the withholding of 1,346 shares to cover applicable taxes, reflecting routine equity compensation activity under Cognizant’s 2023 Incentive Award Plan.
How many restricted stock units vested for CTSH CFO Jatin Dalal from the March 3, 2025 grants?
A total of 2,494 restricted stock units vested and were converted into Class A common shares from awards originally granted on March 3, 2025, as part of scheduled quarterly vesting under Cognizant’s 2023 Incentive Award Plan for Chief Financial Officer Jatin Dalal.
What RSU grants under Cognizant’s 2023 Incentive Award Plan are disclosed for the CFO?
The filing notes two RSU grants to the CFO dated March 3, 2025: 22,153 RSUs vesting in equal twelfths each quarter, and 7,783 RSUs vesting in a more complex quarterly schedule, both designed to be fully vested by March 15, 2028.
Are the CTSH Form 4 transactions open-market buys or routine compensation events?
The CTSH Form 4 reflects routine compensation events, not open-market trades. Shares were acquired through the vesting and conversion of restricted stock units, while 1,346 shares of Class A common stock were withheld solely to satisfy applicable tax obligations related to those vestings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
