Cognizant exec vests RSUs, withholds shares for tax
Cognizant Technology Solutions President – Americas Surya Gummadi reported routine equity compensation activity involving restricted stock units and related tax withholding.
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Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions President – Americas Surya Gummadi reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 15, 2026, RSUs converted into Class A Common Stock, and 987 shares were withheld at $52.17 per share to cover applicable taxes. Footnotes show these RSUs come from awards granted on March 3, 2025 under the 2023 Incentive Award Plan, vesting in scheduled quarterly installments through March 15, 2028.
Insider Trade Summary
1,995 shares exercised/converted
Exercise
5 txns
Insider
Gummadi Surya
Role
President - Americas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,397 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 598 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,397 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 598 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 987 | $52.17 | $51K |
Holdings After Transaction:
Restricted Stock Units — 12,773 contracts (Direct);
Class A Common Stock — 37,200 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 16,764 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 7,184 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
Tax-withheld shares: 987 shares
Tax-withholding price: $52.17 per share
RSUs converted (lot 1): 598 RSUs
+5 more
8 metrics
Tax-withheld shares
987 shares
Shares withheld to pay applicable taxes at $52.17 per share
Tax-withholding price
$52.17 per share
Price applied to 987 shares withheld for taxes
RSUs converted (lot 1)
598 RSUs
Restricted Stock Units converting into Class A Common Stock on June 15, 2026
RSUs converted (lot 2)
1,397 RSUs
Additional RSUs converting into Class A Common Stock on June 15, 2026
Original RSU grant 1
16,764 RSUs
Granted March 3, 2025, vesting quarterly over three years to March 15, 2028
Original RSU grant 2
7,184 RSUs
Granted March 3, 2025, with tiered quarterly vesting through March 15, 2028
Exercise/conversion transactions
4 entries
Form 4 lists four derivative exercise/conversion transactions on June 15, 2026
Tax-withholding transactions
1 entry
One F-code tax-withholding disposition reported in transaction summary
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, 2023 Incentive Award Plan, +2 more
6 terms
Restricted Stock Units financial
"security_title": "Restricted Stock Units""
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
2023 Incentive Award Plan financial
"originally granted on March 3, 2025 under the Company's 2023 Incentive Award Plan"
quarterly installments financial
"began vesting in quarterly installments over three years"
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Cognizant (CTSH) executive Surya Gummadi report in this Form 4?
Surya Gummadi reported RSUs vesting into Class A Common Stock and related tax withholding. RSU grants from March 3, 2025 vested on June 15, 2026, and 987 shares were withheld at $52.17 per share to pay applicable taxes.
Which RSU awards vested for Cognizant (CTSH) executive Surya Gummadi?
RSUs from two awards granted on March 3, 2025 vested. One award originally covered 16,764 RSUs vesting quarterly over three years; another covered 7,184 RSUs with a tiered quarterly vesting schedule, both under Cognizant’s 2023 Incentive Award Plan through March 15, 2028.
Is the Cognizant (CTSH) Form 4 transaction an open-market sale or purchase?
No open-market trades are reported. The Form 4 shows derivative exercises where RSUs converted into shares, plus a tax-withholding disposition coded “F,” meaning shares were withheld by the company to pay taxes rather than sold in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
