Cognizant exec reports RSU vesting and tax shares
Cognizant Technology Solutions President – Americas Surya Gummadi reported RSU vesting and related share movements.
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Rhea-AI Filing Summary
Cognizant Technology Solutions President – Americas Surya Gummadi reported RSU vesting and related share movements. On February 16, 2026, restricted stock units converted into 754 and 629 shares of Class A common stock at $0.00 per share, reflecting standard equity compensation.
To cover taxes on this vesting, 736 shares of Class A common stock were withheld at a price of $66.55 per share in a tax-withholding disposition, not an open-market sale. After these transactions, Gummadi directly owned 26,288 shares of Cognizant Class A common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 754 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 629 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 754 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 629 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 736 | $66.55 | $49K |
Footnotes (5)
- F1. Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the fully vested restricted stock unit ("RSU") award granted on February 16, 2023.
- F2. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3. Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- F4. A total of 9,041 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 and the remainder of the RSUs were fully vested on February 16, 2026.
- F5. A total of 15,069 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 the RSUs were fully vested on February 16, 2026.
FAQ
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What insider transactions did Cognizant (CTSH) report for Surya Gummadi?
What do the RSU footnotes in the Cognizant (CTSH) Form 4 explain?
How many RSUs were originally granted to Surya Gummadi by Cognizant (CTSH)?
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