4//SEC Filing
Mehta Rajeev 4
Accession 0001209191-19-016619
CIK 0001058290other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 4:46 PM ET
Size
17.4 KB
Accession
0001209191-19-016619
Insider Transaction Report
Form 4
Mehta Rajeev
COO, Global Client Services
Transactions
- Exercise/Conversion
Restricted Stock Units
2019-03-01−2,310→ 18,480 total→ Class A Common Stock (2,310 underlying) - Tax Payment
Class A Common Stock
2019-03-01$72.13/sh−894$64,484→ 57,277 total - Exercise/Conversion
Restricted Stock Units
2019-03-02−3,525→ 14,102 total→ Class A Common Stock (3,525 underlying) - Exercise/Conversion
Class A Common Stock
2019-03-01+2,310→ 58,171 total - Exercise/Conversion
Class A Common Stock
2019-03-02+3,525→ 60,802 total - Tax Payment
Class A Common Stock
2019-03-02$72.13/sh−1,345$97,015→ 59,457 total
Holdings
- 28,663(indirect: By Trust)
Class A Common Stock
- 1,860(indirect: By Trust)
Class A Common Stock
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 award granted on February 26, 2018.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]Represents the portion of shares of Class A Common Stock that the Company determined to settle in cash to pay applicable tax withholding.
- [F4]Shares of the Company's Class A Common Stock received from the vesting of 1/12th of the restricted stock unit award granted on March 2, 2017.
- [F5]The restricted stock units were granted on February 26, 2018 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and were originally scheduled to vest in quarterly installments over three years, commencing on June 1, 2018, with 1/12th of the restricted stock units vesting on each quarterly vesting date. However, pursuant to the 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 restricted stock units will be fully accelerated and settle and become issuable on the date thereafter upon which his required release becomes effective.
- [F6]The restricted stock units were granted on March 2, 2017 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan and were originally scheduled to vest in quarterly installments over three years, commencing on June 2, 2017, with 1/12th of the restricted stock units vesting on each quarterly vesting date. However, pursuant to the 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 restricted stock units will be fully accelerated and settle and become issuable on the date thereafter upon which his required release becomes effective.
Documents
Issuer
COGNIZANT TECHNOLOGY SOLUTIONS CORP
CIK 0001058290
Entity typeother
Related Parties
1- filerCIK 0001371378
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 4:46 PM ET
- Size
- 17.4 KB