Schmitt Becky 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Feb 27, 2023
Insider Transaction Report
Form 4
Schmitt Becky
EVP and Chief People Officer
Transactions
- Tax Payment
Class A Common Stock
2023-02-23$64.29/sh−106$6,815→ 29,357 total - Exercise/Conversion
Class A Common Stock
2023-02-23+228→ 29,463 total - Exercise/Conversion
Restricted Stock Units
2023-02-23−228→ 458 total→ Class A Common Stock (228 underlying)
Footnotes (4)
- [F1]Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 2/3rds of 1/8th of the restricted stock unit ("RSU") award granted on February 23, 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 2,744 RSUs were granted on February 23, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting vest in quarterly installments over three years, commencing on May 23, 2021, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rd of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the twelfth vesting date (February 23, 2024).