[Form 4] Cognizant Technology Solutions Insider Trading Activity
Sandra S. Wijnberg, a director of Cognizant Technology Solutions (CTSH), received equity units on 08/26/2025 consisting of deferred stock units and restricted stock units tied to dividend equivalents on previously outstanding awards. The filing reports receipt of 19.7213 deferred stock units, 86.2973 restricted stock units (fully vested), and 12.3818 restricted stock units (vesting on June 3, 2026). The report shows post-transaction beneficial ownership balances of 4,579.7703 deferred stock units, 20,040.457 restricted stock units, and 2,875.3818 restricted stock units. The first two categories are fully vested; the recipient has elected to defer settlement of vested units under the company’s Non-Employee Director Compensation Guidelines until a change in control, death or disability, or the first July 1 following termination. The Form 4 was signed by power of attorney on behalf of Ms. Wijnberg on 08/28/2025.
- Director received equity-based compensation in the form of deferred stock units and restricted stock units on 08/26/2025 (19.7213, 86.2973, 12.3818 units respectively).
- Two award tranches are fully vested, and the reporting person has elected to defer settlement under the company's Non-Employee Director Compensation Guidelines.
- None.
Insights
TL;DR: Routine director compensation via dividend-equivalent equity units; deferral election is standard governance practice.
The filing documents non-employee director compensation settled as equity-based awards attributable to dividend equivalents. Two awards are fully vested and one vests on a specified future date (June 3, 2026). The director has elected delayed settlement under the company’s stated Guidelines, which aligns with common practices to retain alignment with long-term shareholder interests and to manage timing of receipt. No cash transactions, option exercises, or sales are reported; the transaction increases reported beneficial ownership of equity-based units.
TL;DR: Paper issuance of equity units from dividend equivalents; modest incremental change in director-held units.
The entries reflect issuance of dividend equivalent units credited to previously outstanding deferred stock units and restricted stock units, not new cash grants. Reported incremental amounts are 19.7213, 86.2973, and 12.3818 units, with one tranche subject to future vesting. These are routine bookkeeping and compensation-administration events rather than new performance-based awards. From a compensation-cost perspective, the awards represent non-cash equity accruals consistent with typical director pay programs.