Morgenstern Ursula 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Jun 16, 2022
Insider Transaction Report
Form 4
Morgenstern Ursula
President, Global Markets
Transactions
- Tax Payment
Class A Common Stock
2022-06-14$67.87/sh−992$67,327→ 13,653 total - Exercise/Conversion
Class A Common Stock
2022-06-14+1,052→ 13,593 total - Exercise/Conversion
Restricted Stock Units
2022-06-14−1,052→ 3,156 total→ Class A Common Stock (1,052 underlying) - Exercise/Conversion
Class A Common Stock
2022-06-14+1,052→ 14,645 total - Exercise/Conversion
Restricted Stock Units
2022-06-14−1,052→ 6,314 total→ Class A Common Stock (1,052 underlying)
Footnotes (6)
- [F1]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 December 14, 2020.
- [F2]Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]Shares of Class A Common Stock of the Company received from the vesting of 1/3rd of 1/5th of the RSU award granted on December 14, 2020.
- [F4]Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- [F5]A total of 12,627 RSUs were granted on December 14, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on March 14, 2021, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (December 14, 2023.)
- [F6]A total of 15,784 RSUs were granted on December 14, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in nine successive quarterly installments, commencing on March 14, 2021, with (i) 1/5th of such RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/5th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the ninth vesting date (March 14, 2023.)