Schmitt Becky 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Mar 3, 2023
Insider Transaction Report
Form 4
Schmitt Becky
EVP and Chief People Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-03-01−146→ 581 total→ Class A Common Stock (146 underlying) - Exercise/Conversion
Class A Common Stock
2023-03-01+97→ 29,454 total - Exercise/Conversion
Class A Common Stock
2023-03-01+146→ 29,600 total - Tax Payment
Class A Common Stock
2023-03-01$62.37/sh−115$7,173→ 29,485 total - Exercise/Conversion
Restricted Stock Units
2023-03-01−97→ 777 total→ Class A Common Stock (97 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 March 1, 2022.
- [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 received from the vesting of 1/8th of the RSU award granted on March 1, 2022.
- [F4]Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- [F5]A total of 1,165 RSUs were originally granted on March 1, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2022, with 1/12th of such RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2025).
- [F6]A total of 1,165 RSUs were originally granted on March 1, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 12 successive quarterly installments, commencing on June 1, 2022, with (i) 1/8th of such RSUs vesting on the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the four successive 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 the RSUs vesting on the twelfth vesting date (March 1, 2025).