Walker Robert C. 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Aug 21, 2023
Insider Transaction Report
Form 4
Walker Robert C.
EVP & Pres, Global Growth Mkts
Transactions
- Exercise/Conversion
Class A Common Stock
2023-08-17+351→ 9,954 total - Exercise/Conversion
Class A Common Stock
2023-08-17+117→ 10,071 total - Tax Payment
Class A Common Stock
2023-08-17$69.08/sh−212$14,645→ 9,859 total - Exercise/Conversion
Restricted Stock Units
2023-08-17−351→ 1,051 total→ Class A Common Stock (351 underlying) - Exercise/Conversion
Restricted Stock Units
2023-08-17−117→ 235 total→ Class A Common Stock (117 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 May 17, 2021.
- [F2]Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]Shares of Class A Common Stock of the Company received from the vesting of 1/3rd of 1/7th of the RSU award granted on May 17, 2021.
- [F4]Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- [F5]A total of 4,204 RSUs were originally granted on May 17, 2021, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on August 17, 2021, 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 (May 17, 2024).
- [F6]A total of 2,452 RSUs were originally granted on May 17, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 11 successive quarterly installments, commencing on August 17, 2021, with (i) 1/7th of such RSUs vesting on each of the first three vesting dates; (ii) 2/3rds of 1/7th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/7th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the eleventh vesting date (February 17, 2024).