Nambiar Rajesh 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Jun 17, 2022
Insider Transaction Report
Form 4
Nambiar Rajesh
President, Digital Business
Transactions
- Exercise/Conversion
Restricted Stock Units
2022-06-15−609→ 3,052 total→ Class A Common Stock (609 underlying) - Exercise/Conversion
Class A Common Stock
2022-06-15+609→ 12,275 total - Tax Payment
Class A Common Stock
2022-06-15$68.52/sh−256$17,540→ 12,019 total
Footnotes (4)
- [F1]Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 2/3rds 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]A total of 6,403 RSUs were granted on June 18, 2021 under the Company's 2017 Incentive Award Plan and began vesting in 11 successive quarterly installments, commencing on September 15, 2021 (the "First Vesting Date"), with (i) 1/7th of the RSUs vesting on 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 (March 15, 2024.)