Schmitt Becky 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Mar 17, 2023
Insider Transaction Report
Form 4
Schmitt Becky
EVP and Chief People Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2023-03-15+19,067→ 42,628 total - Tax Payment
Class A Common Stock
2023-03-15$57.07/sh−8,390$478,817→ 34,238 total - Exercise/Conversion
Performance Stock Units
2023-03-15−19,067→ 0 total→ Class A Common Stock (19,067 underlying)
Footnotes (4)
- [F1]Reflects the settlement, in shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company"), of performance-based stock units ("PSUs"). The PSUs were originally granted on March 5, 2020 under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 16, 2023 and that portion of the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2023.
- [F2]Each PSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]Since the date of the reporting person's last ownership report, the reporting person transferred 5,924 shares to her ex-spouse pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any Company securities owned by her ex-spouse.
- [F4]Shares of the Company's Class A Common Stock withheld to pay applicable taxes.