Deskus Archana 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Jun 10, 2024
Insider Transaction Report
Form 4
Deskus Archana
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2024-06-06$66.31/sh−0.339$22→ 0 total→ Class A Common Stock (0.339 underlying) - Exercise/Conversion
Class A Common Stock
2024-06-06+3,582→ 14,184 total - Exercise/Conversion
Restricted Stock Units
2024-06-06−3,582→ 0.339 total→ Class A Common Stock (3,582 underlying)
Footnotes (4)
- [F1]Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received in connection with the vesting of 100% of the restricted stock unit ("RSU") award granted on June 6, 2023, and the related RSUs received pursuant to dividend equivalent rights; provided, however, that the reporting person was only entitled to receive whole shares and the fractional share related thereto was disposed of separately.
- [F2]Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]3,538 of the RSUs were originally granted on June 6, 2023, under the Company's 2023 Incentive Award Plan (the "Plan") and subsequent RSUs were granted pursuant to the dividend equivalent rights. The original RSUs and the related RSUs received pursuant to dividend equivalent rights vested fully on June 6, 2024.
- [F4]Represents the payment of cash in lieu of a fractional share related to the RSUs described above in accordance with the Plan and the cancellation of the corresponding fractional RSU.