Cognizant Technology Solutions (NASDAQ: CTSH) CEO settles RSUs, withholds 2,845 shares for taxes
Rhea-AI Filing Summary
COGNIZANT TECHNOLOGY SOLUTIONS CORP director and Chief Executive Officer Ravi Kumar Singisetti reported vesting and settlement of 5,309 Restricted Stock Units into Class A Common Stock on March 1, 2026. Of these, 2,845 shares were withheld at $64.43 per share to cover taxes, and he now holds 80,378 Class A shares directly. The RSU grant originally covered 63,710 units that vest in 1/12th quarterly installments from June 1, 2024 through March 1, 2027.
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Insider Trade Summary
Net Buyer: 2,464 shares
Net Buy
3 txns
Insider
Singisetti Ravi Kumar
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,309 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 5,309 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 2,845 | $64.43 | $183K |
Holdings After Transaction:
Restricted Stock Units — 21,237 shares (Direct);
Class A Common Stock — 80,378 shares (Direct)
Footnotes (4)
- 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 February 28, 2024.
- 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 63,710 RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2024, 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 1, 2027).
Key Figures
RSUs vested and settled: 5309.0000 RSUs
Shares withheld for taxes: 2845.0000 shares
Tax withholding price: $64.4300 per share
+4 more
7 metrics
RSUs vested and settled
5309.0000 RSUs
Restricted Stock Units converted into Class A Common Stock on March 1, 2026
Shares withheld for taxes
2845.0000 shares
Class A Common Stock withheld at $64.4300 per share to pay applicable taxes
Tax withholding price
$64.4300 per share
Price used to value shares withheld for tax obligations
Post-transaction shareholding
80,378 shares
Direct Class A Common Stock held by Ravi Kumar Singisetti after March 1, 2026 transactions
Original RSU grant size
63,710 RSUs
RSUs granted on February 28, 2024 under the 2023 Incentive Award Plan
Quarterly vesting fraction
1/12th of RSUs
Portion of the original RSU grant vesting on each quarterly vesting date
Final vesting date
March 1, 2027
Twelfth quarterly vesting date when the RSU grant will be fully vested
Key Terms
Restricted Stock Units, Class A Common Stock, 2023 Incentive Award Plan, quarterly vesting date
4 terms
Restricted Stock Units financial
"Shares of Class A Common Stock received from the vesting of 1/12th of the restricted stock unit award"
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.
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.
2023 Incentive Award Plan financial
"A total of 63,710 RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan"
quarterly vesting date financial
"RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested"
FAQ
What insider transaction did CTSH CEO Ravi Kumar Singisetti report?
Ravi Kumar Singisetti reported vesting of 5,309 Restricted Stock Units into Class A Common Stock on March 1, 2026. Part of these shares were withheld to cover taxes, and the event reflects scheduled RSU vesting from a prior grant under Cognizant’s 2023 Incentive Award Plan.
What is the size and vesting schedule of the CTSH RSU grant referenced?
The RSU grant originally covered 63,710 Restricted Stock Units awarded on February 28, 2024. These RSUs vest in 1/12th quarterly installments over three years, beginning June 1, 2024 and continuing through the twelfth vesting date on March 1, 2027.
Does the CTSH Form 4 indicate any open-market buying or selling by the CEO?
The reported activity involves RSU vesting and tax withholding, not open-market purchases or sales. Shares were received from RSU settlement and a portion was delivered back to the company to satisfy tax obligations, consistent with equity compensation practices.
AI-generated analysis. How Rhea-AI works. Not financial advice.
