Nambiar Rajesh 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Mar 17, 2022
Insider Transaction Report
Form 4
Nambiar Rajesh
President, Digital Business
Transactions
- Tax Payment
Class A Common Stock
2022-03-15$88.16/sh−387$34,116→ 8,451 total - Exercise/Conversion
Class A Common Stock
2022-03-15+914→ 8,838 total - Exercise/Conversion
Restricted Stock Units
2022-03-15−914→ 3,661 total→ Class A Common Stock (914 underlying)
Footnotes (4)
- [F1]Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/7th of the restricted stock unit ("RSU") award granted on June 18, 2021.
- [F2]Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- [F4]The RSUs were granted on June 18, 2021 under the Company's 2017 Incentive Award Plan and will vest in 11 successive quarterly installments, with (i) 1/7th of the RSUs vesting on September 15, 2021 (the "First RSU Vesting Date"), (ii) 1/7th of the RSUs vesting on each of the first and second three-month anniversaries of the First RSU Vesting Date, (iii) 2/3rds of 1/7th of the RSUs vesting on each of the third, fourth, fifth and sixth three-month anniversaries of the First RSU Vesting Date, (iv) 1/3rd of 1/7th of the RSUs vesting on each of the seventh, eight and ninth three-month anniversaries of the First RSU Vesting Date, and (v) the remainder of the RSUs vesting on the tenth three-month anniversary of the First RSU Vesting Date. The RSUs will be fully vested on March 15, 2024.