Cognizant director granted 4,171 RSUs
Dineen John M. reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Dineen John M. reported acquisition or exercise transactions in this Form 4 filing.
COGNIZANT TECHNOLOGY SOLUTIONS CORP director John M. Dineen received a grant of 4,171 restricted stock units. Each RSU represents a contingent right to receive one share of Class A Common Stock.
The RSUs vest fully on June 2, 2027. Dineen has elected to defer payment of these RSUs, and any related dividend equivalents, until the earliest of a change in control, his death or permanent disability, or three equal installments after his service as a director ends, as described in the company’s Non-Employee Director Compensation Guidelines.
Insider Trade Summary
Grant/Award: 4,171 shares
Grant/Award
1 txn
Insider
Dineen John M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,171 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 4,171 contracts (Direct)
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company").
- F2. The RSUs will vest fully on June 2, 2027. The Reporting Person has elected, pursuant to the Company's Non-Employee Director Compensation Guidelines, to defer payment of such RSUs (and corresponding dividend equivalents, if any) until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) in three equal installments on July 1 in the first, second and third years following the date of the Reporting Person's termination of service (other than due to death or permanent disability).
Key Figures
RSUs granted: 4,171 units
RSU vesting date: June 2, 2027
RSUs held after grant: 4,171 units
+1 more
4 metrics
RSUs granted
4,171 units
Grant of restricted stock units to director on June 2, 2026
RSU vesting date
June 2, 2027
Date when granted RSUs vest fully
RSUs held after grant
4,171 units
Total restricted stock units directly held after transaction
RSU exercise/price per unit
$0.00 per unit
Grant price for restricted stock units
Key Terms
Restricted Stock Units, dividend equivalents, change in control, Non-Employee Director Compensation Guidelines
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share..."
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.
dividend equivalents financial
"to defer payment of such RSUs (and corresponding dividend equivalents, if any)..."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
change in control financial
"until the first to occur of (1) a change in control, (2) the death..."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Non-Employee Director Compensation Guidelines financial
"pursuant to the Company's Non-Employee Director Compensation Guidelines, to defer payment..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Cognizant (CTSH) director John M. Dineen report on this Form 4?
John M. Dineen reported receiving 4,171 restricted stock units as equity compensation. These units give him the right to receive an equal number of Cognizant Class A Common shares in the future, subject to vesting and his deferral elections.
How many restricted stock units did John M. Dineen receive from Cognizant (CTSH)?
He received 4,171 restricted stock units at a stated price of $0.00 per unit. Each unit represents a contingent right to one share of Cognizant Class A Common Stock, providing future share-based compensation if vesting conditions are met.
When do John M. Dineen’s Cognizant (CTSH) RSUs vest?
The 4,171 restricted stock units will vest fully on June 2, 2027. Vesting means the units become payable in shares, subject to Dineen’s separate deferral election and the specified triggering events outlined in the compensation guidelines.
What deferral election did John M. Dineen make for his Cognizant (CTSH) RSUs?
He elected to defer payment of the RSUs and any dividend equivalents. Payment will occur upon a change in control, his death or permanent disability, or in three equal installments after his service as director ends, under company guidelines.
Does this Cognizant (CTSH) Form 4 show a market purchase or sale by John M. Dineen?
No, it reports a grant of restricted stock units as compensation, not an open-market trade. The transaction is coded as an acquisition (A) of derivative securities, with no cash price and no shares sold in the market.
How many Cognizant (CTSH) RSUs does John M. Dineen hold after this grant?
Following this transaction, he holds 4,171 restricted stock units directly. These RSUs are tied to Cognizant Class A Common Stock and remain subject to vesting, deferral terms, and the specified future triggering events for payment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
