GOMATAM SUMITHRA 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Jul 3, 2019
Insider Transaction Report
Form 4
GOMATAM SUMITHRA
EVP, President Industry Sol.
Transactions
- Exercise/Conversion
Class A Common Stock
2019-07-01+2,508→ 17,794 total - Exercise/Conversion
Restricted Stock Units
2019-07-01−2,508→ 5,017 total→ Class A Common Stock (2,508 underlying) - Tax Payment
Class A Common Stock
2019-07-01$64.38/sh−859$55,298→ 16,935 total
Footnotes (4)
- [F1]Represents the number of shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/3rd of the performance-based restricted stock unit ("PSU") award granted to the reporting person under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan on March 2, 2017.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F3]Represents the number of shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- [F4]The PSUs were granted on March 2, 2017 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan. In accordance with the PSU award agreement, 1/3rd of the PSUs were vested and issuable on July 1, 2019, provided that the reporting person remained in the Company's service through such date. The remaining 2/3rds of the PSUs shall vest and be issuable on January 1, 2020, provided that the reporting person remains in the Company's service through such date.