Cognizant (CTSH) Form 4: SVP Kerdman receives 235 shares from RSU vesting
Rhea-AI Filing Summary
Cognizant insider Alina Kerdman, SVP, Controller & CAO, reported transactions on 08/16/2025 tied to restricted stock units (RSUs) granted in February 2023. On the vesting date she received 235 shares of Class A common stock from the quarterly vesting of her original 2,817-RSU award. The filing shows 75 shares were withheld to satisfy taxes at a reported price of $70, reducing her direct beneficial ownership to 599 shares after the withholding. The RSU grant vests quarterly over three years beginning May 16, 2023, and completes on February 16, 2026. The Form 4 was signed by power of attorney on 08/19/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine executive compensation vesting; modest share receipt and tax withholding, no material change to ownership stake.
This Form 4 documents scheduled vesting of 235 RSUs from a 2,817-RSU award granted 02/16/2023, with 75 shares withheld for taxes at $70 per share. The transactions reflect standard equity compensation mechanics rather than discretionary trades or unusual disposition. The net change in direct holdings is small relative to typical institutional stakes and does not indicate a change in corporate control or compensation policy.
TL;DR: Disclosure meets Section 16 requirements for RSU vesting; timing and withholding are consistent with company plan rules.
The filing clearly states the vesting schedule (quarterly through 02/16/2026) and quantifies the original grant (2,817 RSUs). Reporting by power of attorney is noted. These elements comply with insider reporting norms and provide transparency on an officer's realized equity from compensation arrangements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 235 | $0.00 | -- |
| Exercise | Class A Common Stock | 235 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 75 | $70.00 | $5K |
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 16, 2023. 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 2,817 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 so that the RSUs will be fully vested on the twelfth quarterly vesting date (February 16, 2026).