CTSH officer Balu Ayyar reports RSU vesting and share increase
Rhea-AI Filing Summary
Cognizant Technology Solutions Corp. (CTSH) reported a Form 4 for officer Balu Ganesh Ayyar, President – IOA & ISG, reflecting routine equity compensation activity. On 11/16/2025, he acquired 1,005 shares of Class A common stock from the vesting of a restricted stock unit (RSU) award granted on February 16, 2023, representing 1/12th of that grant. On the same date, a separate RSU grant from February 16, 2023 partially vested, delivering an additional 63 shares. Each RSU converts into one share of Class A common stock. Following these transactions, Ayyar beneficially owns 96,928 shares directly, showing the ongoing vesting of multi-year RSU awards under Cognizant’s 2017 Incentive Award Plan.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,005 | $0.00 | -- |
| Exercise | Restricted Stock Units | 63 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,005 | $0.00 | -- |
| Exercise | Class A Common Stock | 63 | $0.00 | -- |
Footnotes (1)
- 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 February 16, 2023. 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 1/3rd of 1/8th of the RSU award granted on February 16, 2023. A total of 12,055 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 so that such RSUs will be fully vested on the twelfth quarterly vesting date (February 16, 2026). A total of 1,506 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 such RSUs vesting on the twelfth vesting date (February 16, 2026).
FAQ
What did Cognizant (CTSH) insider Balu Ganesh Ayyar report in this Form 4?
He reported the acquisition of 1,005 and 63 shares of Cognizant Class A common stock on 11/16/2025, delivered upon the vesting of previously granted restricted stock units (RSUs).
What is the role of the reporting person in Cognizant (CTSH)?
The reporting person, Balu Ganesh Ayyar, is an officer of Cognizant, serving as President – IOA & ISG, as indicated in the Form 4.
What are the terms of the 12,055 RSUs granted to the Cognizant (CTSH) officer?
A total of 12,055 RSUs were granted on February 16, 2023 under the 2017 Incentive Award Plan and began vesting in quarterly installments over three years, with 1/12th of the RSUs vesting on each quarterly date so that they are fully vested by February 16, 2026.
What are the vesting terms of the 1,506 RSUs disclosed for Cognizant (CTSH)?
The 1,506 RSUs granted on February 16, 2023 vest quarterly over three years: (i) 1/8th on each of the first four vesting dates; (ii) 2/3rds of 1/8th on each of the next four; (iii) 1/3rd of 1/8th on each of the following three; and (iv) the remainder on the twelfth vesting date, February 16, 2026.
Do Cognizant (CTSH) RSUs convert into common stock on a one-for-one basis?
Yes. Each restricted stock unit described in this Form 4 represents a contingent right to receive one share of Cognizant’s Class A common stock upon vesting.