Stafford Andrew J 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Oct 11, 2022
Insider Transaction Report
Form 4
Stafford Andrew M
EVP, Head of Global Delivery
Transactions
- Exercise/Conversion
Restricted Stock Units
2022-10-09−1,508→ 1,508 total→ Class A Common Stock (1,508 underlying) - Exercise/Conversion
Class A Common Stock
2022-10-09+1,508→ 14,011 total - Tax Payment
Class A Common Stock
2022-10-09$58.49/sh−699$40,885→ 13,312 total
Footnotes (4)
- [F1]Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/3rd of 1/6th of the restricted stock unit ("RSU") award originally granted on July 9, 2020.
- [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 27,134 RSUs were originally granted on July 9, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 10 successive quarterly installments, commencing on October 9, 2020, with (i) 1/6th of such RSUs vesting on each of the first two vesting dates; (ii) 2/3rds of 1/6th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/6th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the tenth vesting date (January 9, 2023).