Form 4 for CTSH Cognizant
Accepted 2022-03-03 00:00:00 ET · period of report 2022-03-01 · accession 0001058290-22-000064 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-03 | 2022-03-01 | CTSH | Telesmanic Robert | SVP, CAO, Ctrl | F - Tax | $85.80 | -372 | 13.6K | -3% | -$31.9K |
| D | 2022-03-03 | 2022-03-01 | CTSH | Telesmanic Robert | SVP, CAO, Ctrl | M - OptEx | — | +804 | 14.0K | +6% | — |
| DM | 2022-03-03 | 2022-03-01 | CTSH | Telesmanic Robert | SVP, CAO, Ctrl | A - Grant | $0.00 | +8,483 | 5,347 | New | $0 |
| D | 2022-03-03 | 2022-03-01 | CTSH | Telesmanic Robert | SVP, CAO, Ctrl | M - OptEx | $0.00 | -804 | 1,605 | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-03-01 | F | D | 372 | $85.80 | 13,614 | D | — | — | (F3) Shares of the Company's Class A Common Stock withheld to pay applicable taxes. |
| 2 | Common | Class A Common Stock | 2022-03-01 | M | A | 804 | — | 13,986 | D | — | — | (F1) Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 2/3rds of 1/5th of the restricted stock unit ("RSU") award granted on December 1, 2020. (F2) Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. |
| 3 | Derivative | Performance Stock Units | 2022-03-01 | A | A | 3,136 | $0.00 | 3,136 | D | — · — to — | 3,136 Class A Common Stock | (F6) Each performance-based stock unit ("PSU") represents a contingent right to receive one share of the Company's Class A Common Stock. (F7) Represents PSUs (a) that were originally granted on March 5, 2020 pursuant to the Company's 2017 Incentive Award Plan and (b) for which the Company's Compensation Committee (the "Committee") determined, on March 1, 2022, that the related performance criteria had been satisfied. In accordance with the award agreement, in light of the Committee's determination regarding the satisfaction of performance criteria, the award will vest and settle in Class A Common Stock of the Company on March 15, 2022, provided that the Reporting Person remains in the Company's service through such date. |
| 4 | Derivative | Restricted Stock Units | 2022-03-01 | A | A | 5,347 | $0.00 | 5,347 | D | — · — to — | 5,347 Class A Common Stock | (F2) Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. (F8) The RSUs were granted on March 1, 2022 under the Company's 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on June 1, 2022, with 1/12th of the RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date. The RSUs will be fully vested on March 1, 2025. |
| 5 | Derivative | Restricted Stock Units | 2022-03-01 | M | D | 804 | $0.00 | 1,605 | D | — · — to — | 804 Class A Common Stock | (F2) Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock. (F5) The RSUs were granted on December 1, 2020 under the Company's 2017 Incentive Award Plan and will vest in nine successive quarterly installments, commencing on March 1, 2021, with (i) 1/5th of the RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of the RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/5th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the ninth vesting date. The RSUs will be fully vested on March 1, 2023. |