4//SEC Filing
Mehta Rajeev 4
Accession 0001209191-19-014767
CIK 0001058290other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 6:56 PM ET
Size
6.5 KB
Accession
0001209191-19-014767
Insider Transaction Report
Form 4
Mehta Rajeev
COO, Global Client Services
Transactions
- Award
Restricted Stock Units
2019-02-26+110,789→ 110,789 total→ Class A Common Stock (110,789 underlying)
Footnotes (2)
- [F1]Represents the total number of performance-based restricted stock units (the "PSUs") that are eligible to vest as a result of Cognizant Technology Solutions Corporation (the "Company") having attained certain performance milestones, as determined by the Company's Compensation Committee on February 26, 2019 based upon the Company's audited financial statements for the 2017 and 2018 fiscal years. The PSUs were granted on March 2, 2017 pursuant to the Company's 2009 Incentive Compensation Plan. In accordance with the award agreement, the PSUs were originally scheduled to vest 1/3rd on July 1, 2019 and 2/3rds on January 1, 2020. However, pursuant to letter agreements entered into between the Company and Mr. Mehta on June 12, 2018 and February 4, 2019, subject to Mr. Mehta's continued employment with the Company through May 1, 2019, the vesting of the PSUs will be fully accelerated and settle and become issuable on the date thereafter upon which his required release becomes effective.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
Documents
Issuer
COGNIZANT TECHNOLOGY SOLUTIONS CORP
CIK 0001058290
Entity typeother
Related Parties
1- filerCIK 0001371378
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 6:56 PM ET
- Size
- 6.5 KB