Cognizant (CTSH) CFO reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognizant Technology Solutions reported an insider equity transaction by its Chief Financial Officer, Jatin P. Dalal. On December 1, 2025, 1,964 restricted stock units (RSUs) granted on February 28, 2024 vested, converting into the same number of shares of Class A common stock. Each RSU represents a right to receive one share.
To cover taxes on this vesting, 1,062 shares were withheld at a price of $77.71 per share. After these transactions, Dalal beneficially owned 35,317 shares of Class A common stock and held 9,822 RSUs. The original RSU grant totaled 23,572 units and is scheduled to vest in 12 equal quarterly installments from June 1, 2024 through March 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,964 shares exercised/converted
Mixed
3 txns
Insider
Dalal Jatin P
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,964 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,964 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,062 | $77.71 | $83K |
Holdings After Transaction:
Restricted Stock Units — 9,822 shares (Direct);
Class A Common Stock — 36,379 shares (Direct)
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 28, 2024. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. Shares of the Company's Class A Common Stock withheld to pay applicable taxes. A total of 23,572 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).
FAQ
What insider transaction did Cognizant (CTSH) disclose for December 1, 2025?
The Chief Financial Officer, Jatin P. Dalal, had 1,964 RSUs vest into the same number of Class A common stock shares on December 1, 2025, pursuant to a prior equity award.
What was the size and vesting schedule of the Cognizant (CTSH) RSU grant?
The CFO originally received 23,572 RSUs on February 28, 2024, vesting in 12 quarterly installments over three years, starting June 1, 2024, with final vesting on March 1, 2027.
What does each Cognizant (CTSH) RSU represent in this Form 4 filing?
Each restricted stock unit mentioned in the filing represents a contingent right to receive one share of Cognizant’s Class A common stock upon vesting.
Which executive is involved in this Cognizant (CTSH) Form 4 transaction?
The reporting person is Jatin P. Dalal, who serves as Chief Financial Officer of Cognizant Technology Solutions Corporation.