Cognizant (CTSH) president acquires common shares through vested RSUs
Rhea-AI Filing Summary
Cognizant Technology Solutions executive Balu Ganesh Ayyar acquired shares through RSU vesting and conversion. On February 16, 2026, he exercised restricted stock units, converting 1,005 and 63 RSUs into the same number of Class A common shares at a stated price of $0.0000 per share. Following these transactions, his direct ownership in Class A common stock increased to 99,746 shares.
The RSUs originated from awards granted on February 16, 2023 under Cognizant’s 2017 Incentive Award Plan. One award covered 12,055 RSUs vesting quarterly over three years, and another covered 1,506 RSUs with a more staggered quarterly vesting schedule, with both awards fully vested on February 16, 2026.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,005 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 63 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,005 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 63 | $0.00 | $0.00 |
Footnotes (4)
- 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. 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 and the remainder of the RSUs were fully vested on February 16, 2026.
- F4. 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 the RSUs were fully vested on February 16, 2026.
FAQ
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