Form 4 for CTSH Cognizant

Accepted 2024-06-06 00:00:00 ET · period of report 2024-06-04 · accession 0001058290-24-000184 · 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	2024-06-06	2024-06-04	CTSH	Mackay Leo S. Jr.	Dir	A - Grant	$65.35	+723	27.4K	+3%	+$47.2K
D	2024-06-06	2024-06-04	CTSH	Mackay Leo S. Jr.	Dir	A - Grant	$0.00	+3,366	3,366	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2024-06-04	A	A	723	$65.35	27,394	D	—	—	(F1) The Reporting Person elected, pursuant to Cognizant Technology Solutions Corporation (the "Company") Non-Employee Director Compensation Guidelines (the "Guidelines"), to receive fully vested shares of the Company's Class A Common Stock in lieu of 30% of the annual cash retainers to which he is entitled for his service on the Company's Board and its committees. The remaining 70% of such amounts will be paid in cash.
2	Derivative	Restricted Stock Units	2024-06-04	A	A	3,366	$0.00	3,366	D	— · — to —	3,366 Class A Common Stock	(F2) Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Company. (F3) The RSUs will vest fully on June 4, 2025. The Reporting Person has elected, pursuant to the Company's Guidelines to defer payment of such RSUs (and corresponding dividend equivalents, if any) until the first to occur of (1) a change in control, (2) the death or permanent disability of the Reporting Person, or (3) the first July 1 following the date of the Reporting Person's termination of service (other than due to death or permanent disability).